my disability rate came to a total sum. The insurance wants to pay me that sum weekly. May I request the benefit amount in a lump sum?
Country relating to Question: United States
State (if USA): California
Have not asked yet. That is what the letter indicated that I have recieved.
Hello and thank you for the question. I am sorry to read of this dilemma. This can be paid out in lump or over time. You have a right to demand a statement showing both options. Then you can choose the preferable payout.
Is this what I get for 40.00 dollars?
Relist: Answer quality.
What information were you seeking? Happy to clarify. You asked if a certain payout option is possible which I answered. If you have another question, please ask me.
Can I demand a lump sum? Or do I have to accept their offer?
You have a choice between their offer and a lump sum. You often would get a reduced amount in lump given the discount value of money and inflation. if meeting resistance, you may consider having a lawyer inquire about it to expedite their review and payment. martindale.com is an excellent resource.
Licensed attorney helping individuals and businesses
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