What do you mean by a lump-sum settlement?
A lump-sum settlement in a disability claim represents a negotiated
settlement which would include past benefits, future benefits, other
items (such as extra-contractual damages, a contribution to legal costs,
disbursements and HST). It is generally a compromise between $0.0
entitlement and 100% entitlement.
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Other Similar Questions
What Is A Lump Sum Settlement?
Will I have to pay taxes on any settlement you are able to win for me?
I am concerned that, if my family member is given a large settlement, he will spend it quickly on inappropriate things. Is there anything that can be done to provide some security so that the money will last?
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This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut
off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.