Re: Workers Compensation Settlement
Depending upon your state, a settlement will involve your receiving a lump sum payment to resolve part or all of your future benefits. Some states restrict settlement. It may be possible to settle part of a claim (e.g., future wage claims) while keeping another part of your claim open (e.g., future medical).
It is common for an insurance company, upon settling a worker's comp claim, to require your resignation from your employer as a condition of the settlement.
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