Piney Flats, TN asked in Workers' Compensation for Tennessee

Q: I receive future payments every 5 years until reach the age of 65. Can I get that all at once to purchase a home?

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1 Lawyer Answer
Mary Elizabeth Henderson
Mary Elizabeth Henderson
  • Murfreesboro, TN
  • Licensed in Tennessee

A: In order to respond appropriate it would be necessary for an attorney to review your settlement agreement. Generally speaking, the insurance company may being willing to offer you a lump sum payment but note it will more likely be for a lessor sum than the 5 years of payments equal out to. Also, note, if an agreement is reached a workers' compensation judge would have to approve the agreement.

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