Legal Question in Insurance Law in Texas

Long Term Disability Insurance

I have LTD insurance that is still in effect from my last employer. I have a medical condition that has been classified as ''permanent'' that prevents me from working at all due to my vision. My LTD is supposed to pay me approx. $582 per month above & beyond my SSI until I am 65. They have now contacted me and want to give me a lump sum, but it seems too low. I need to know what is reasonable & fair. If I received monthly checks it would be above $94K from now until 65. They want to settle it for about $36K. Please let me know if you think I need representation to negotiate a fair settlement of my claim.


Asked on 6/10/09, 4:53 pm

2 Answers from Attorneys
Donald McLeaish McLeaish&Associates;, P.C.

Re: Long Term Disability Insurance

yes...you need representation..call us and we would look at the facts..but you need a person competent to review the policy..etc...with interest rates low, you need much more..and the insurance is guaranteed under Texas law up to $300,000..

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Answered on 6/10/09, 5:09 pm
Donald McLeaish McLeaish&Associates;, P.C.

Re: Long Term Disability Insurance

yes...you need representation..call us and we would look at the facts..but you need a person competent to review the policy..etc...with interest rates low, you need much more..and the insurance is guaranteed under Texas law up to $300,000..

Read more
Answered on 6/10/09, 5:10 pm


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