Psychiatrist receives $340,000 long-term disability insurance buyout
Attorneys Dell & Schaefer successfully negotiated a $340,000 long-term disability insurance lump sum buyout for a psychiatrist suffering from major depressive and anxiety disorder. After practicing for 20 years, our client began to suffer from the same condition which he had helped thousands of patients to overcome. The claim was resolved for 70.2% of the present value of future benefits. The client received a mutual release which allows him to return to his prior occupation as a psychiatrist should he recover in the future. Due to a confidentiality agreement the name of the long term disability insurance company can not be disclosed.
The disability lump-sum buyout was handled by attorney Steven Dell.