What is the name of your state (only U.S. law)? TN
I want to rephrase my question. Let's say (HaHa) the insurance company is trying to do the right thing in making a lump sum settlement. Is it their goal (or to try and make it look like their goal) to pay you a lump sum settlement that would allow you to invest it yourself and earn as much or close to your monthly benefit, obviously with a loss. I am trying to figure what a fair lump sum settlement would be for myself. IE, I make $2000 a month, they provide me with a settlement that I can invest and earn with principal and interest enough to make $2000 (give or take) for the next 21 years. (The end of the policy)....
I want to rephrase my question. Let's say (HaHa) the insurance company is trying to do the right thing in making a lump sum settlement. Is it their goal (or to try and make it look like their goal) to pay you a lump sum settlement that would allow you to invest it yourself and earn as much or close to your monthly benefit, obviously with a loss. I am trying to figure what a fair lump sum settlement would be for myself. IE, I make $2000 a month, they provide me with a settlement that I can invest and earn with principal and interest enough to make $2000 (give or take) for the next 21 years. (The end of the policy)....