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LTD Plan Document Long Term Disability Georgia State University Form

LTD Plan Document Long Term Disability Georgia State University Form

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one of the legal services we offer is to assist claimants with what's known as a lumpsum buyout or a disability settlement and those come about in in many different scenarios through the disability companies but I would say on almost a daily basis were involved in some sort of negotiation of a settlement of the long-term disability policy so Steve let's start by talking about what is a Al lumpsum settlement Al lumpsum settlement is basically one main payout for the remainder of the policy contemplating the future value of the claim um insurance companies handle them or want to do them for a variety of reasons uh each company kind of has their own program the way they go about it uh the amounts that they'll offer so they each have their own little steps to doing it but it's essentially them just trying to buy back the coverage so you'll no longer receive uh benefits no longer have the policy and I think most importantly to a lot of people no longe

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