Lump Sum Settlements and Buyouts

When you agree to a lump sum buyout, you are also agreeing to drop any further claim you may have to benefits under the policy, as well as any related legal claim you may have against the insurer (i.e., a bad faith claim against the insurer for unreasonably delaying or mishandling your application for benefits). Given the necessary sacrifice of your legal rights - and the consequences thereof - it’s critical that you consult a qualified Chicago disability claims lawyer for further guidance on your next steps.