At Disability Insurance Law Group, our national claims attorneys know Sun Life Financial is a Canadian-based company, but is one of North America’s top five most prominent insurance companies, with more than $300 billion under management.
Sun Life sells short-term and long-term disability insurance policies to numerous employers nationwide. In recent years, there have been disturbing claims-handling techniques used by Sun Life to close long-term disability insurance claims for pennies on the dollar. In many cases, Sun Life will threaten policyholders with claim denials, only to offer a settlement that is nowhere near the policy’s total value. This is especially true during the policy’s transition from “own occupation” to “any occupation” timeline.
A disability claimant should never accept a Sun Life offer without consulting an attorney.
That is why we are here. Our disability insurance attorneys represent Sun Life policyholders nationwide — no matter where they live or work in the U.S. — with their best interests and true success in mind so our clients can pursue the benefits they are entitled to from their employer-provided coverage or personal policies.
Deciding whether to accept a disability insurance company’s settlement offer is a crucial decision that requires careful consideration of various factors. At Disability Insurance Law Group, our nationwide claims attorneys believe everyone should know their legal rights and options before considering a settlement from their insurance companies.
We understand that the insurance companies, including Sun Life, know how vulnerable you are, and they want to take advantage of your position. You do not have to take their word for what your claim is worth.
Here are some key considerations to consider when Sun Life submits a settlement offer:
Evaluate whether the settlement offer is fair and reasonable based on the merits of your disability claim. Consider factors such as the extent of your disability, medical evidence, and the terms of your insurance policy.
Assess your current financial situation and immediate needs. If you are facing financial difficulties and the settlement offer adequately addresses those needs, it may be a factor in favor of acceptance.
Consider the long-term financial impact of accepting the settlement. Will the offered amount cover your ongoing medical expenses, lost income, and other costs associated with your disability?
Review the settlement terms to ensure that accepting it does not impact your eligibility for future disability benefits. Understand the implications on your ability to reopen the claim or seek additional benefits in the future.
Consult with our disability insurance attorneys before making a decision. We can objectively evaluate the fairness of the offer, potential legal implications, and whether it aligns with your best interests. If the initial offer is unsatisfactory, we can negotiate for a higher settlement amount or better terms.
Accepting a settlement offer should be well-informed and aligned with your best interests. Communicating openly with our attorneys, thoroughly reviewing the settlement terms, and carefully weighing the pros and cons before deciding is crucial.
Hiring a U.S. Sun Life disability insurance claim lawyer at the start of the process can mean the difference between the insurance denying your claim and receiving your disability benefits in full.
At Disability Insurance Law Group, our skilled attorneys specialize in pursuing disability claims by working directly with our clients to achieve the best outcome. Unlike other disability law firms, we are not focused on churning cases through our offices to increase profits.
We are fully dedicated to providing transparent legal services that allow us to pursue real results for real people who need our help – no matter where they live or work in the U.S.
If you are receiving resistance from Sun Life for your U.S. disability claim, or if your claim has already been denied, contact our dedicated disability insurance attorneys nationwide at 954-989-9000 or online to schedule a free, confidential case assessment without delay.
Fill out the form and we’ll be in touch with you shortly, or call us now at 954-989-9000.
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