Disability Buy-Out Policy

A disability buy-out policy is a type of long-term disability insurance which is purchased so that one business partner can buy out the disabled partner for his or her share of the company. These buy-out disability policies usually require the claimant to be totally disabled for at least 12 months. Furthermore these buy-out disability policies require the buy-out to take place in accordance with the buy-sell agreement that has been agreed upon between the partners.

We have represented multiple clients with buy-out disability policies and the common issues usually include:

  1. The business drafted a buy-sell agreement a long-time ago and the agreement does not accurately reflect the current value of the business;
  2. The business does not have a buy-sell agreement and can the business draft a new buy-sell agreement post the date of disability;
  3. The disability company is claiming that the buy-sell agreement values the shares of the business at more than the fair market value and the disability company does not want to pay the full value of the buy-out policy; and
  4. The amount of buy-out disability coverage is insufficient, but it is unclear whether the disabled partner must sell all of his or her shares in order to recover benefits under the buy-out policy language.

FAQ

Do you work in my state?

Yes. We are a national disability insurance law firm that is available to represent you regardless of where you live in the United States. We have partner lawyers in every state and we have filed lawsuits in most federal courts nationwide. Our disability lawyers represent disability claimants at all stages of a claim for disability insurance benefits. There is nothing that our lawyers have not seen in the disability insurance world.

What are your fees?

Since we represent disability insurance claimants at different stages of a disability insurance claim we offer a variety of different fee options. We understand that claimants living on disability insurance benefits have a limited source of income; therefore we always try to work with the claimant to make our attorney fees as affordable as possible.

The three available fee options are a contingency fee agreement (no attorney fee or cost unless we make a recovery), hourly fee or fixed flat rate.

In every case we provide each client with a written fee agreement detailing the terms and conditions. We always offer a free initial phone consultation and we appreciate the opportunity to work with you in obtaining payment of your disability insurance benefits.

Do I have to come to your office to work with your law firm?

No. For purposes of efficiency and to reduce expenses for our clients we have found that 99% of our clients prefer to communicate via telephone, e-mail, fax, GoToMeeting.com sessions, or Skype. If you prefer an initial in-person meeting please let us know. A disability company will never require you to come to their office and similarly we are set up so that we handle your entire claim without the need for you to come to our office.

How can I contact you?

When you call us during normal business hours you will immediately speak with a disability attorney. We can be reached at 800-682-8331 or by email. Lawyer and staff must return all client calls same day. Client emails are usually replied to within the same business day and seem to be the preferred and most efficient method of communication for most clients.

Reviews   *****

Jamie L.

Too many times people complain about bad service, but I like to make sure good service gets recognized!

Rachel Alters and Kathleen Bordes have been very kind and patient with me through my lawsuit process. I have had questions understanding the how it works and they have never made me feel rushed or unimportant. Actually, it’s been the exact opposite! In the midst of dealing with the stress of my own serious health issues and recently my father being diagnosed with stage four cancer, it’s been a relief having Rachel and Kathleen on my team. They are a pleasure to work with! I will definitely be recommending your office to others.

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