How to Get a Permanent Disability Advance

A permanent disability advance is a one time, lump sum payment that is given to a disabled person who is owed a certain amount of payments.  Most of the time the payments that are owed are not due until a future date, however the disabled individual has the right to ask for a permanent payment of their disability benefits in advance.  There is usually a significant fee involved depending on the disability insurance company of a five year 20% per year deduction or a ten year 10% per year reduction of the full benefit.  The disabled individual has the option of taking either of the aforementioned reductions or no reduction at all.

Applying for Benefits

If you were interested in receiving the permanent disability advance, then you will need to apply for the benefit through your long term insurance company:

• Your best avenue is to submit a claim within nine months of the date that you were diagnosed as being disabled. 
• You will need to submit a completed claims package and depending upon the insurance company in which you are receiving your benefits from, the claims document package can be at least ten pages in length. 
• Be sure that you include all verifiable documentation including information from your physician about your condition as well as all supporting information from your employer. 
• The insurance company will need to compute your advance based on your pensionable salary.  Additionally, your doctor will need to submit a permanent and stationary report that details your particular medical problem and any limitations on what you can do at work. 

Moreover, this report gives an estimate on what part of your disability can be attributed to your job as well as other factors.  This report will be sent to the claims administrator, who will then provide a percentage rating in order to better decide how much your permanent disability benefit will be.

How Much are You Owed?

There are four factors used in determining your permanent disability amount including:

• The rating assigned to your disability,
• The date that you were injured,
• How much money you made prior to your injury and I
• f your employer will or will not offer you work. 

After the permanent disability amount is calculated then you will receive notification about the benefit amount that you can expect to receive.  After that, you have the option of negotiating your lump sum advance.

Getting Help

For more information on getting an advance from your permanent disability, contact the claims administrator at your disability insurance company. You should also consult with an experienced disability attorney who can help you throughout the process of both getting disability benefits and of getting an advance on those benefits.