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What Is An Insurance Buyout?

What is an insurance buyout?
Legal Definitions - Question 27
A lump sum payment proposed by the insurance company to "buyout" either the future of your disability claim, a disputed portion of unpaid past benefits, or both.
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My insurance has offered me a buyout. Do I have to accept it?

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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.