Can I Request A Lump-Sum Payout From The Insurance Company?

It is possible to request a lump sum payout, however, many long term disability insurers will not be prepared to consider this option, and if they are, they may not be prepared to pay an amount that would be acceptable to many claimants. Insurers are often very suspicious regarding the motivation for such a request when monthly benefits are being paid, and will usually only consider paying out the claim for a significantly discounted amount.