A lump sum is a settlement or contract between you, the insurer, and in some cases your employer. This one-time payment may be made in place of your weekly compensation checks and certain other benefits. In accepting a settlement, you give up certain rights, so you must carefully consider whether or not settling your case is in your own best interest. No one is entitled to a lump sum; you and the insurance company must agree to it.
We have Lump Sum Brochures further explaining your rights; if you can not download it from our website, please call, or e-mail, our Public Information Office to have one sent to you through regular mail or e-mail. 617-727-4900, ext. 470, or email@example.com