Workers’ Compensation Lawyer in Mandeville, LA

Should You Take A Lump Sum Settlement or Receive Payments Over Time?

If you have suffered a work-related injury or illness and are receiving workers’ Workers' Compensation Lump Sum Settlementcompensation benefits, you may be wondering if and when you should settle your case.

Agreeing to a settlement would mean forfeiting your rights to receive any future medical and wage loss benefits from the insurance carrier in exchange for a one time lump sum payment. Your weekly or bi-weekly indemnity checks would cease, your workers’ comp case would close and you can do as you wish with your cash payout.

Do not take a settlement without speaking to a qualified Workers’ Compensation attorney about the true value of your claim.

Schedule a Free Consultation with the Wanko Law Firm today.

Our lead attorney Steve Wanko can help you determine if a lump sum settlement is in your best interests. Certain factors need to be taken into consideration before making such an important decision, some of which include:

  • Severity of your injury — your permanent disability impairment rating. Will your condition improve or get worse? Is it considered stable or at maximum medical improvement?
  • Will you be able to return to work in any capacity?
  • Estimated future medical care
  • Estimated future lost wages
  • Your age
  • Whether or not your claim arose from third-party negligence

It’s important to note that a settlement is completely voluntary, and you won’t be forced to accept an offer you’re not comfortable with. Attorney Wanko will work to ensure that the insurance company doesn’t take advantage of you and that any settlement you accept is one that will protect you personally and financially.

Get Help Today:  Workers’ Compensation Attorney in Mandeville, LA 

For more information on lump sum settlements, call our office to arrange a free consultation:  (985) 893-6530