Frankel & Newfield, P.C.

We Have Recovered Over $100 Million In Claims For Our Clients

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WE DO NOT HANDLE SOCIAL SECURITY DISABILITY CLAIMS

Settlement Negotiations for Long Term Disability Policy Claimants

Our lawyers defend clients and protect them when the disability insurance company tries to negotiate a settlement of their claim and a return of their policy for less than the full value of their disability insurance policy. We know what their tactics are, can help you determine the full and correct value of your policy, and can negotiate your settlement in the most effective and time-sensitive manner possible, as well as protect you regarding the release agreement which will be required.

The importance of a skilled legal team when dealing with disability insurance companies cannot be overstated. These are billion dollar companies with long histories of managing investments and running global businesses that have one goal - to maintain their profit levels for shareholders. Class action lawsuits, state insurance commissioner settlements and a huge volume of lawsuits brought by policyholders do not scare these companies. Media exposure bothers them a little bit, like when high profile investigative journalists share the personal stories of individuals who have been wrongly denied disability benefits.

For the most part, the insurance companies keep going, regardless of what happens to their policyholders. That your medical bills are piling up, that the mortgage can't be paid and you are worried for your families' well being does not concern the claims adjuster. In fact, they will take advantage of that worry to pressure claimants into unfair settlements.

How can an experienced disability insurance lawyer help?

If you have multiple policies in place, it is more important to retain an experienced long term disability insurance attorney. Navigating one claim settlement may have a significant impact on other policies and how they can be settled.

You may be surprised at the timing of the settlement offer. It may come during the course of litigating a dispute with the disability insurance company or following a review of your claim after several years of payment. Sometimes settlement offers are the result of a management decision to pare payments in response to a CEO-level decision. But whether the settlement offer comes as a complete surprise or a welcome relief after years of surveillance and requests for more information and field visits, how you decide to manage settlement negotiations will have a life-long impact. Retaining the right attorney is critical.

Lately our office has seen a number of insurance companies attempting to settle with policyholders for significantly less than the full value of their policies. The claimants are not always able to correctly determine the true value of the disability insurance policies.

Many are in a tight financial situation when the offer comes, and it is tempting to simply sign the papers and await a large check. But the check that seems so big in July may have dwindled by December, and then there are no more checks - we have heard this scenario all too often by claimants who did not retain proper counsel.

If the disability insurance company has mentioned a lump sum settlement and the numbers do not add up or you believe that the disability insurance company is attempting to settle the case for below the full value of the policy, retaining an experienced attorney will protect you and your family. This is an emotionally charged issue that even the most successful professionals or business owners find challenging.

The stakes are high, and the disability insurance claims adjuster knows it.

Call our office today at 877-LTD-CLAIM (877-583-2524) to learn how we can help negotiate a lump sum settlement, represent you in an appeal and handle any other legal matter concerning your disability insurance policy.

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HELPING THE DISABLED NATIONWIDE

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Frankel & Newfield, P.C.
585 Stewart Avenue
Suite 312
Garden City, NY 11530

Toll Free: 866-504-8773
Fax: 516-222-0513
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