Question
Is there a limit on the number of times New York Life can send me a IME? Also, what is a fair percentage for a buy out?
How often is New York Life allowed to review you or send u for a IME? I’ve been dealing with them since 2014! What a pain they are. All of this is making me worse. If a Buy out were to come up with them what amount would you expect percentage wise of what’s a tually due to you? They also are payinging life insurance for me. Does that come into play with a buy out? I don’t know how much more of them I can handle. I have another IME for a Neuropsychologist evaluation thing Monday 150 miles away and I can’t travel! My husband has to take off work ect… the last one made me sick for months ( i paid for it to see if I could be made well but was told i could not) I’m scared of what this one is going to do to me. Idk I’m a wreck. Any advice is appreciated. I was just reviewed in Aug. it ended in Oct. this one began in Jan and is still on going!!
Answer
Jim, unfortunately there is no limit to the amount of IMEs New York Life can send you to as long as it’s reasonable. Although I don’t think having you travel 300 miles in one day is at all reasonable. They should provide you with transportation. As far as a buy out the average amount is somewhere between 50 and 75% of the present value of the future benefits and also takes into consideration mortality rates and other factors. They sometimes will throw in a few thousand dollars for the life insurance policy, which isn’t much. If you would like a free consultation feel free to contact my office.
