Question
Do I have to sign Prudential's release?
I have been on LTD for over 5 years, and was finally approved (fully favorable) for SSDI last year – had to pay the entire back payment lump sum to my carrier. My LTD carrier offered to “help” me manage my relationship with SS, and when I declined they then sent a form which they want me to sign that essentially gives them full authorization to all of my SS matters directly with SS without involving me. I am not at all comfortable with this and wonder if I have to give up my constitutionally protected rights when I have no problem sending them any updates I received from SS – the only things are COLA’s, which according to my policy with Prudential they are not allowed to reduce their offset by. SSDI payments are not earnings, and I’ve clearly confirmed that any future COLA’s by SS will not be used to offset Prudential’s payment. I don’t feel that I should have to sign this request?
Answer
Tony, It is certainly your prerogative not to sign the release, but you will be responsible for sending any additional updates. Additionally, you may be eligible for a lump sum buyout from Prudential given your claims history. Please feel free to contact our office to discuss if you are interested as to same.
