Can I negotiate the buy-out offer from my disability insurance company?
Yes! And you should!
What is a buy-out?
Your insurance company will pay monthly benefits as long as they believe you are disabled. Typically you will be entitled to receive monthly benefits up and through your 65th birthday and sometimes later. But, the insurance company may decide it would prefer to pay you a lump sum instead of continuing to issue monthly benefits. This is known as a buy-out.
Should I agree to the buy-out offer made by my insurance company?
Not before you negotiate and make sure that the insurance company gives you their best offer. Our experienced disability lawyers can assist you with:
- Requesting a buy-out
- Ensuring the insurance carrier’s valuation of your policy is accurate
- Negotiating with the insurance company to increase the offer
The experienced disability lawyers with Dabdoub Law Firm have negotiated numerous buy-outs for our clients. We will use our knowledge and experience to help get you the very best offer from the insurance company. You will ultimately decide whether you want to agree to the offered buy-out or not. Call us today for more information.
