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1st offer / Lump sum settlement
#1
Smile 
Today I talked with my WC adjuster and received a letter from him by email that stated my permanent partial disability benefit entitlement is 440 weeks at the weekly rate of $311.55, for a total value of $137,082.00

I told the adjuster I would like to settle for a lump sum. He said the company might like to settle for a lump sum but it was very likely they would only offer 50% of the total value.

I don't think the $137,082.00 is fair as it is, but having to settle for half that is even worse. In fact that 50% would be less than a full years pay.

My question is, is this normal? Offering only half of what you are suppose to get? I am disabled for life and that's all I get?

A little additional info: I live in the state of New Mexico, my impairment rating is 41% and I had laminectomy surgery on three of my vertebra in the lumbar area.

Any information would be much appreciated.
 
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Messages In This Thread
1st offer / Lump sum settlement - Mongrel_Money - 04-21-2015, 06:59 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-21-2015, 08:07 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-21-2015, 10:44 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-23-2015, 11:59 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-25-2015, 01:56 PM
RE: 1st offer / Lump sum settlement - 1171 - 05-01-2015, 02:05 PM

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