...settlement, she relinquishes any rights or additional benefits other than the specific terms of the settlement.

Finding Help

Although few and far between, there are disability claim consultants who can assist claimants with buyout offer. Consultants with the most expertise provide only claim consulting advice and do not sell a product or provide financial advice. Seek out a consultant who is experienced both in disability claims and in negotiating buyouts.

Who Approached Whom?

There are varying company attitudes toward buyouts. Some disability carriers or administrators prefer to approach a claimant about a buyout. Sometimes clients approach companies that do not initiate buyout offers, presumably in a fashion in which the client does not reveal a clear preference for a buyout. Revealing such a weakness would unduly serve the carrier in negotiations. Other companies simply do not engage in buyouts.

Some companies provide initial offers that are fair and based on sound actuarial principles, and they most likely will not deviate from...

NOTE: All illustrations and photos have been removed from this article.



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