Please read on, then contact one of our experienced long term disability insurance attorneys to learn what the differences are between a verdict and a settlement in an LTD benefits case.
How does a verdict differ from a settlement when it comes to LTD benefits?
A verdict is a judgment or decision in a court proceeding. A judge or jury issues a verdict after a trial. A settlement is a voluntary and binding resolution or agreement between two parties, without input from the court. Both have results that are legally binding and both will likely require the involvement of highly competent attorneys. Indeed, many times a verdict comes about after a failure to reach a settlement in one of the pre-trial stages, but this is not always the case. Verdicts tend to be made public, while those drafting settlements have the option to maintain a level of privacy and/or secrecy. Of course, each will depend on the circumstances of your unique case.
Is a verdict better than a settlement in an LTD benefits case?
Again, that will depend on the specific conditions in your long term disability benefits case. Nonetheless, a strong claim has the potential to secure more compensation in a trial as compared to a settlement. While an insurance company will probably negotiate hard to minimize the amount they shell out, a jury could be more sympathetic to your pain and suffering in their verdict and grant you your rightful claim. On the other hand, an out-of-court settlement can usually help you recover damages faster, instead of waiting for months or years if you go before the court. This way, you can avoid having additional expenses due up to the final day in court.
Both legal options have their advantages and disadvantages, so we would strongly advise you to reach out to a firm specializing in compassionate, but hard-charging long term disability insurance representation before making any major decisions.
How can Walker & Hern help you?
For decades, Paul E. Walker, Esq. and J. Brooke Hern, Esq. have procured millions of dollars in settlements and verdicts for their clients from some of the biggest corporations in the world. Because they genuinely care about their clients and their well-being, they will aggressively pursue the compensation you deserve, either in the courtroom or outside of it. They will always be upfront and honest, by providing honest assessments of your case and tailoring their strategies accordingly. If nothing else, they will help you determine if your case is strong enough to bring to trial or if you should settle. This can be an intimidating process, so please do not hesitate to give us a call today.
Contact our experienced nationwide firm
If you or someone you know is looking to receive long term disability benefits and needs the help of an experienced attorney, speak with our nationwide LTD attorneys today. Our firm has significant experience helping people just like you obtain or defend their long term disability benefits. Contact Walker & Hern for a free consultation.