Another example of why you should not always trust what the Workers Comp company offers you for settlement.

Someone called me to ask about their settlement offer. On the surface it appeared to involve a lot of money, but the details of the offer are important.

If you will never work again there are minimum amounts of weekly benefits that must be paid. Some future medical payments can only be used toward medical bills. They cannot be used for any other purpose. Once you compare the details the offer may not be as good as it appears.

If you cannot work again, the money must cover you for the rest of your life. So what looks like a lot of money today may not look so good 5 years down the road.

In Illinois, a settlement based on permanent total disability is worth much more than a typical lump sum settlement.

The insurance company will not willingly pay a perm total settlement. That is their maximum exposure.

Questions about your settlement offer? Feel free to call me to discuss.

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