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Structured now lum sum offered
#1
Question 
Hi All

My first post here

I have a lifetime structured settlement with medical. After 5 years of receiving my monthly payments my insurance company is offering me a lump sum settlement now.

I go to the dr every other month and I am on 3 meds for life, blood tests every 6 months you know the deal if you were badly injured.
Permanently disabled 100% rating in California

What would I expect them to offer me or how would it be calculated. I am 49 years old.

Also if I get a big lump how will this effect SSDI

Anyone been down this road I would love to here your story


Smile
 
Reply
#2
If you had an atty, they should be contacting them, not you.
generally you need to calculate a range: low & high.
estimate what they are likely to have to pay for each situation and use a Present Value calculator to reduce the amounts to todays $$
here is an on line calculator that could help
http://www.settlementevaluator.com/
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
 
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