Unum Disability Lump-Sum Buyout
On a weekly basis our law firm handles Unum lump sum disability buyouts and settlements. Over the past twenty years, our disability lawyers have negotiated over 1,000 Unum lump sum settlements and we know how to get you the highest value possible for your buyout. We offer a free immediate review of your claim to determine if a Unum buyout makes sense for you.
How Do We Help Claimants Get A Unum Lump Sum Settlement?
There are a couple of different ways in which we’ve been involved in helping people receive a lump sum buyout from UNUM. In most cases, we approach our contacts at UNUM to discuss whether or not UNUM is interested in engaging in a buyout. Our lawyers have specific contacts at Unum that only handle the buyout of a Unum long term disability policy. In some rare situations, UNUM will reach out to a disability claimant and offer them some sort of buyout. Never accept a Unum settlement offer without speaking with a lawyer first. There is a possibility that your offer is either too low or calculated incorrectly. There are numerous factors involved in the calculation of a Unum buyout offer, such as mortality rating (life expectancy), interest rates, your current age, the language in your policy(s), your medical conditions, and the actuarial guidelines used by Unum. Our clients get the benefit of the working relationship we have established with Unum in order to get reasonable buyout offers.
What Happens When You Settle a Long-Term Disability Claim With UNUM?
Settling a claim means foregoing your right to any unpaid long-term disability benefits that UNUM might owe you as well as any possible future payments. In exchange for a lump-sum payment, you’ll give up your right to any unpaid LTD benefits that UNUM might owe you, both now and in the future.
You may be anxious to settle your claim, but it’s important to remember that you could potentially be giving up a lot: UNUM must pay your monthly benefits while you remain disabled unless you reach retirement age or unless you die, depending on your disability policy terms. If you have robust disability insurance benefits, that could be a significant amount of money.
Should You Accept a Unum Disability Buyout Offer?
While a large sum of money at one time paid by Unum may seem good at first glance, it may not be in your best interest. Lump sum buyouts can be good, but they are not great for every single person. It just depends what your interests are and what your intent is in terms of what you want to do with the money. When we get contacted to handle a lump sum buyout, we discuss the strengths and weaknesses of your disability claim and what your options would be if not on disability with Unum. We get into difficult discussions about, your life expectancy or your mortality, which are very difficult issues to talk over, because most of these disability policies don’t have survivorship benefits or don’t pay a death benefit beyond maybe two or three months of payments.
The other issue is, what would you do with the money in terms of getting a lump sum versus continuing to get a stream of payments over time, if you think you’re going to continue to get paid? A lot of people like to have a buyout, because they like the certainty of not having to depend on Unum to make a payment every month. Is Unum going to keep paying? Will Unum delay payment down the road? Other people like the financial security of having the money right away and being able to invest the money on their own. Some people have an immediate need for cash, and can’t afford to keep waiting every month for their check to arrive.
More importantly, is that if you retain our firm to work on your behalf on a lump sum buyout with UNUM or any other company, we’re going to do whatever it takes to get you the most amount of money possible. We’re going to be able to advise if you are getting top-dollar value offers for your disability policy. And that’s what we’ve done for hundreds of people with UNUM disability policies all over the country.
We always offer a free consultation. We welcome you to contact us at your convenience to discuss your claim. We will need to see a copy of your disability policy. That’s very important, so that we can talk about the pros and cons of your policy, and let you know if we think a lump sum buyout is in your best interest. We look forward to the opportunity to speak with you, and thank you again for considering our law firm.
Resources to Help You Win Disability Benefits
Get Your Unum Disability Application Approved
Prevent a Unum Disability Benefit Denial
Negotiate a Unum Lump-Sum Settlement
Our goal is to negotiate the highest possible buyout of your long-term disability policy.
Policy Holder Rating
Q: Does UNUM periodically review Group Long Term Disability Insurance claims/payments? For example, do they verify medical eligibility every five or ten years?
Q: My group long term disability insurance allows me to work part time up to 20% of my pre-disability earnings without affecting my benefit. If I take advantage of this, will Unum use this to deny my benefit?
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Reviews from Our Clients
Very satisfied with the work of this team. Took well care of my case and took all the necessary time to be responsive and attentive when I had questions. Guided me through recovery and returning to normalcy. All thanks to Jason & Tabitha, thank you!
I’m extremely satisfied with the experience I have had with this firm from day one. The lawyer who has handled my case, Alex, is very efficient and attentive to all my questions and concerns. They are always aware of how my case has gone and they care about my health. I feel optimistic with them because they are very attentive during the process of my claim. I would not hesitate to recommend families and friends if in any situation they need their services. Kathleen as well has been very well and assisted me with this case. I highly appreciate everything they have done for me.
It’s unfortunate when disability insurance companies come after older disabled policyholders just to help their bottom line. It can be a living nightmare the damage they can do to a family. Dell Disability Lawyers are polite, understanding and knowledgeable. They call you back and answer any question you have no matter how unimportant it can be. The amount of stress they took off of myself and family was incalculable. I recommend them highly to take care of any disability case whether it be filing for benefits or reversing a claim decision. They are outstanding.
I could not have been happier or more appreciative of the hard work they performed on my behalf. I was well briefed on my case and it was closed in a timely manner with a financially successful resolution.
Mr. Symonds and Sonia as well as everyone else we have worked with throughout this process have been very helpful, professional and caring to our situation. We are very thankful to have this great team on our side.
Without them my LTD company was dropping my plan with me still suffering from my accident, even with doctor’s statements I’m still disabled. The LTD company didn’t want to advance my policy to the next stage of years of pay. Dell Disability Lawyers saved my policy, and helped to enforce the LTD company’s own policy (for its policy holder, me) that I would be covered still under the LTD policy I had paid for at my previous job, when my accident occurred. These lawyers know what they are doing and can help you too. LTD companies will try to drop you when you still need coverage just because they don’t want to pay on your policy anymore. Don’t let them break contract with ya because they are trying to get out of it. Hit em with legal action to ensure the continuation of your policy you paid for. Dell Disability worked very well for me and continue to do so.
I was denied long term disability benefits from The Hartford after being on it for years. I found Dell Disability Lawyers after doing research online. In a matter of days they responded and explained to me everything that would be done. Dell Disability Lawyers were able to settle my suit against The Hartford very quickly and responded to me quickly. I would definitely recommend this team of lawyers for anyone that is fighting for their disability insurance.
I have had nothing but a great experience with Dell Disability Law Firm. Mr. Alex Palamara and his team went above and beyond my expectations. They will respond to emails and phone calls in a timely manner. Thank you once again for taking my case.
This law firm is the best so far. MetLife denied me two times, they appealed two times for me and they won of course. So if you are on disability and want a chance at winning your case use this firm Dell disability lawyers, kind courteous understanding and they get the job done. You won’t be disappointed.