Trustee Directive for Benefit Payment - Lincoln Financial Group 2025

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A free paper copy of the information may be obtained by contacting your retirement plan administrator at 310-277- 1010. Every effort has been made to ensure that this disclosure is as thorough and accurate as possible to reflect the legal documents, laws, and regulations that govern the operation of the plan.
Lincoln may call you and ask if you are interested in taking a lump sum payout of your future disability benefits in lieu of continuing your monthly benefit payments. If the offer is unsolicited then you should contact a disability buyout attorney before proceeding.
Disability Buy-Out is a Mandatory Strategy for Handling an Owners Disability. If an injury or illness prevents a business owner from returning to the business, this helps fund a buy-sell agreement. It enables the remaining owners, or the business entity itself, to buy-out the disabled owners share of the business.
So, to calculate the buyout, the insurance company estimates what your future benefits will be worth using present value, or todays dollars. In general terms, present value is calculated by taking your remaining benefit payments and applying a discount rate.
The benefits replace a percentage of your income for the time specified in your policy. Some workers also choose to purchase long-term disability coverage from Lincoln Financial. This type of coverage may provide benefits for a longer duration of a couple of years or up to age 65, depending on the policy.
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Once your short-term disability claim is approved, Lincoln Financial Group will mail checks to your home on a bi-weekly basis.
There are three benefit levels: Level 1 protects 50% of your income, up to a maximum of $2,000 a month of tax free benefit. Level 2 protects 60% of your income, up to a maximum of $4,000 a month of tax free benefit. Level 3 protects 60% of your income, up to a maximum of $7,000 a month of tax free benefit.

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