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| Subject: insurance buyout | Date: 12/7/2000 6:14 PM | |
| Author: CVragel | Number: 26485 of 72254 | |
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I am not sure is this the right board for asking my question, but... My long-term disability insurance is offering me a settlement. They pay me 410.20 per month which will last for the next 16 years, until I am age 65. The offer is for a payment of $15,717.50 this year, and the same amount next year--total. I am figuring that they woud have to pay me $78,758.40 total in the monthly disbursements as mentioned for the next 16 years. But, if I take that lump sum of cash now (which is non-negotiable, take it or leave it, $31,435.50), couldn't I invest that same amount for the next 16 years and make the same if not better over that amount of time? I would certainly appreciate someone's thoughts on this! Thank you kindly! Christa. |
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