Negotiating a Disability Settlement or Disability Policy Buyout

ERISA Law Group disability insurance attorneys frequently negotiate settlements and policy buyouts for our clients. A successful case usually results in reinstatement of benefits or a lump sum payment from the insurance company.

Settlement discussions typically involve calculation of the present value of benefits, the structure and timing of settlement payments, and the status of related health insurance or life insurance coverage.

For more information on how our ERISA law firm can help you get the disability insurance benefits you deserve, call (888) 883-7472.

The settlement process must always be approached with care. A claimant without an attorney might suggest a settlement to their insurance company. Contrary to their expectation, their well-meaning suggestion is likely to trigger suspicion. Why does this person want to settle? Many insurance companies view a demand for a settlement or buyout as a “red flag” suggesting fraud. In this situation a settlement offer will backfire and lead to even tougher scrutiny from the insurer.

Successful negotiation relies upon knowledge of the legal process and the tactics used by the insurers and their law firms. There are even traps for attorneys who do not specialize in ERISA disability cases, since the bargaining process sometimes has different unwritten “rules.”