Articles for Non-Lawyers

Will I get a “lump sum” payment for my LTD? by Patricia Santucci

When you qualify, your LTD policy requires your insurance company to pay you a regular amount, usually monthly, while you qualify. There is no obligation on your insurance company to pay out your benefits in the form of a lump sum payment. However, your insurance company may agree to do this when settling your case. Santucci Personal Injury Law often are able to negotiate a lump sum cash settlement for all past and future LTD payments. A lump sum represents the future value of your LTD benefits, expressed as a dollar amount today. Many people prefer to receive a lump sum payment, which gives them more control over their money, and stops them from having to deal with the insurance company regarding entitlement on an ongoing basis. (53)

About the Author Patricia Santucci

Patricia Santucci is a personal injury lawyer born and raised in Hamilton, Ontario. She holds several degrees having attended King’s College at the University of Western Ontario, McMaster University, earned a Master of Arts degree at the University of Windsor and an Ontario Teaching Degree from Teacher’s College as well as her Ontario Teaching Certificate. After graduating from the University of Alberta law school she was called to the bar in 2000. You can find Patricia on and LinkedIn or directly through this website