How Do I Know if I Should Accept My Long Term Disability Settlement?

When someone finds themselves in a position where they are unable to return to work due to a serious injury or medical condition, they will often seek long term disability benefits to help cover the cost of living until they reach the age of retirement. Unfortunately, obtaining the LTD benefits you need is not always easy. In many cases, insurance companies will deny benefits to those who truly need them, and at other times, they will offer people lowball settlements that will not truly cover the full amount of what they need to maintain their standard of living. This is why it is always best to proceed with an experienced nationwide long term disability lawyer on your side. Our firm can work to ensure that you receive the proper settlement so you can have the peace of mind you deserve. Here are some of the questions you may have:

Should I accept the first settlement I’m offered?

When someone qualifies for long term disability benefits, the insurance company will often offer a settlement. Though your gut reaction may be to simply accept and receive the quick cash that you may need to help cover the cost of living, this is not always the best option. Often, insurance companies are thinking more about their bottom line than ensuring that your health and well-being is taken care of. Our experienced attorneys can assess your case and the initially proposed settlement and determine whether we think you can do better. From here, we can weigh the pros and cons of accepting a settlement and determine the best path forward.

Why shouldn’t I accept a lump-sum settlement?

In most cases, lump-sum settlements are insufficient payouts, and do not serve your best interests. That being said, at times, the experienced long term disability attorneys here at Walker & Hern can negotiate a more favorable settlement on your behalf. Doing so can help ensure you receive the benefits you need without ever having to go through litigation. The money you receive should help cover the cost of your lost wages, medical bills, and other necessities, give you and your family the peace of mind to move on with your lives.

Contact our experienced nationwide firm

If you or someone you know is looking to receive long term disability benefits and needs the help of an experienced attorney, speak with our nationwide LTD attorneys today. Our firm has significant experience helping people just like you obtain or defend their long term disability benefits. Contact Walker & Hern for a free consultation.