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New York Life Death Benefit Proceeds Form

New York Life Death Benefit Proceeds Form

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as a law firm that specializes in disability insurance claims we often get the question from individuals on whether they should accept a lump sum settlement from New York Life formally signal the answer is it depends there are several types of scenarios where a lump sum settlement might be offered first the person may be approved for disability benefits and they're being paid it's not a challenged case a new a New York Life may want to offer a lump sum settlement in lieu of monthly payments in that scenario we have to closely examine the um the amount being offered and the calculation of the benefits over all the future years a person would be paid so that's where our expertise comes in another scenario that we have been seeing is when benefits are terminated by New York Life um they may at that point offer a very low lump sum settlement to individuals and it's almost always the case that it should be rejected but unless you specialize in disability insu

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