What is commutation of benefits?

A: The commutation of benefits is when future disability benefits are commuted into a present day lump sum settlement. Private disability benefits end at death or at the age stated in the policy. If the recipient of such benefits has been given a specified amount of time to live, it may be beneficial to negotiate a lump-sum buyout of their policy. If you have an existing disability claim it is important that you contact us immediately so that we may preserve your right to a lump sum settlement or protect your right to appeal an unfavorable denial by your insurance company.