According to data from the U.S Census Bureau, over 19 million American adults of working age have disabilities that limit or prevent them from working. In the event that an employee or business owner becomes unable to work due to an accident, injury, or illness, disability insurance provides financial assistance to replace some of their lost income. At some point ...
HOW LONG DOES IT TAKE?
The lump sum is usually a single payment, but may also be disbursed in several installments. It can be offered at any stage of the claim because every claim is unique with varying sets of circumstances.
WHICH FACTORS PLAY A VITAL ROLE?
Your age and life expectancy, as well as your financial plans for the future, play crucial roles in whether you should accept the buyout.
HOW DO SETTLEMENTS VARY?
Every situation is different. Buyouts vary in terms of their taxable status, their present value, and how reasonable the offer is in general. It’s never a good idea to make these decisions on your own.