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A lump-sum payment instead of long-term disability (LTD) payments with its concomitant red tape and reviews may be very tempting, but it requires the assistance of an experienced and knowledgeable lawyer to plan, calculate and think through the pros and cons.

A buyout is a one-time lump sum payout from your disability insurance company in lieu of paying ongoing monthly long-term disability (LTD) benefits. The payout is usually a single lump sum payment although sometimes it can be disbursed in several installments.