When you’ve been receiving benefit payments through a long-term disability insurance policy—or sometimes at the time you are approved for benefits—the insurance company may offer you the opportunity to take a lump sum settlement in lieu of monthly payments. The appeal of having a sizeable sum to invest for your future or pay off debts has undoubted appeal. After all, most professionals have the skills or connections to make profitable investments that could produce more money than the monthly payments. However, before accepting a buyout of this type, it is important to consider several critical factors. As a legal team […]

As a professional, you purchase disability insurance to provide protection for yourself and your family in case a physical or mental condition prevents you from working in your chosen field. It seems like it should be a fair bargain—the insurance company gets to keep your insurance premiums and enjoys a great likelihood that they will pay out little or nothing in return. But when something happens, and you do need to make a claim for the benefits you have been paying, the insurance company can be very reluctant to approve your claim. As attorneys who focus on enabling physicians, executives, accountants, and other professionals to secure […]