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What Do You Mean By A Lump-Sum Settlement?

What do you mean by a lump-sum settlement?
Long Term Disability - Question 59
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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What Is A Lump Sum Settlement?

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DISABILITY SECRETS: Learn What Your Insurance Company Is Hiding From You!

 

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.