Medical Conditions

Disability Lawsuit Settlements

Understanding disability lawsuit settlements can be daunting, especially when you're already dealing with the challenges of a severe medical condition. However, arming yourself with knowledge about the process and your rights can make a world of difference.

If you’ve experienced a disability insurance claim denial and are considering your options for what to do next, you may be wondering how disability lawsuit settlements work. Share Lawyers has got you covered.

How Disability Lawsuit Settlements Work

The reality is that around 60% of all disability claims are initially denied. Seeing this statistic can be discouraging, but that doesn’t mean getting your benefits is hopeless.

Many people are unaware that they can get the help of a disability lawyer on a contingency basis (which means there are No Fees Unless You Win) to fight back against these initial denials and obtain their benefits. With over 35 years of experience fighting insurance companies for denied claims, we understand the intricacies of disability lawsuit settlements and how to advocate effectively for our clients.

Here are some essential factors to consider when deciding to hire a disability lawyer.

Important Disability Lawsuit Factors

1. The Reality of Disability Claims

Symptoms such as paralysis, tremors, physical weakness, and seizures can hinder both physical and cognitive functions, making it challenging to perform duties at work.

2. Lump Sum Settlements

Symptoms of conversion disorder can vary, with more intense symptoms creating greater workplace challenges.

3. Unpredictable Nature

The unpredictable appearance of symptoms can complicate the ability to schedule and perform routine work tasks.

4. Stigma

The stigma surrounding mental health conditions may contribute to misunderstandings and judgment in the workplace.


Lump Sum Settlements

A lump sum settlement is an agreement that includes past and future benefits, legal costs, and HST. It's a middle ground between 0% and 100% entitlement, ensuring you receive the entire awarded amount as soon as possible.

The tax implications vary. If the disability benefits were taxable when received on a periodic basis, the amount allocated to past benefits would be taxable and the amount allocated to future benefits would be non-taxable. Whether your benefits are taxable depends on who was paying the premium for the coverage. If your employer was paying all or part of the premiums, the benefits would be taxable. If you were paying 100% of the premiums (even if by way of payroll deduction), the benefits should be non-taxable. To understand how it applies to your situation requires the type of benefits you have to be confirmed prior to any settlement of your claim.

Understanding Your Entitlement

Income, illness/injury details, medical support, monthly disability benefits, life expectancy, and the present value of future benefits influence your disability policy payout.

While you can ask for a lump sum payout if receiving monthly benefits, some long-term disability insurers may hesitate to consider this option. Even if they do, the offered amount might not meet the expectations of many claimants.

The Value of a Disability Lawyer

An experienced disability lawyer will understand your situation, offering tailored advice and guiding you through the complexities of lawsuit settlements. They align their advice with your best interests, strategize negotiations, gather evidence, and represent you in court – a crucial ally for a fair settlement.

The journey to secure disability settlements may be challenging, but you don't have to go it alone. With the proper support, you can fight against denied claims and work towards a settlement that meets your needs.

Maximize Your Chances of Success with Share Lawyers

Now that you understand how disability lawsuit settlements work, it’s time to consider reaching out to an experienced disability lawyer who specializes in obtaining disability benefits settlements.

At Share Lawyers, we’ve been helping Canadians just like you fight to secure their disability insurance benefits for over 35 years. We understand how stressful and frustrating a denial can be, especially when you depend on your benefits to fill in the gaps.

We handle the heavy lifting by directly engaging with your insurance company. This means you won't have to stress about maintaining communication with them or dealing with the daily tasks involved in a disability benefits case. We also work on a contingency fee basis, meaning we don’t get paid until you do.

When you partner with Share Lawyers, you can rest assured that you have a whole team of disability lawyers in your corner who care about your well-being and are fighting tooth and nail to obtain the benefits that you rightfully deserve. It all starts with a free consultation with one of our team members.

Need more information on disability lawsuit settlements? We’ve got you covered.

Contact Share Lawyers today and put our experience to work for you. Our 35+ years of experience can help you win your case against Canada Life, Desjardins, Manulife, RBC Insurance, Sun Life, and other insurance companies. Our legal team offers a free consultation and works on a contingency basis - there are no fees unless you win your case.