# How can I ask my insurance company for a contract buyout? **URL:** \ **Category:** Disability Insurance\ **Created:** [May 15, 2018, 5:43pm UTC](https://forum.resolutelegal.ca/t/how-can-i-ask-my-insurance-company-for-a-contract-buyout/1292 "2018-05-15T17:43:30Z")\ **Posts on this page:** 1\ **Showing post:** 4
**Author:** ![allyoops](https://avatars.discourse-cdn.com/v4/letter/a/919ad9/32.png) [@allyoops](https://forum.resolutelegal.ca/u/allyoops)\ **Post date:** [May 15, 2018, 7:08pm UTC](https://forum.resolutelegal.ca/t/how-can-i-ask-my-insurance-company-for-a-contract-buyout/1292/4 "2018-05-15T19:08:56Z")
> [@LTD Buyout Queries](https://forum.resolutelegal.ca/t/ltd-buyout-queries/84): > > Hi David, I have read your blog post on “LUMP-SUM BUYOUT OF A DISABILITY INSURANCE POLICY:3 THINGS YOU MUST KNOW BEFORE YOU ASK YOUR INSURER” and queries and your responses. It was very informative and has been very helpful. Thanks very much for taking time - to share your knowledge and responding to queries. My LTD history so far: I have been on employer sponsored LTD since early 2011. Have been receiving CPP-D since 2012 and LTD monthly payment has been offset to account for CPP-D monthly p… I think many long term disability insurers will not be prepared to consider a buy-out request, and if they are, they may not be prepared to pay an amount that would be acceptable. Insurers would be suspicious regarding the motivation for such a request when monthly benefits are being paid, and will usually only consider paying out the claim for a significantly discounted amount. Perhaps there are other options that you could look into to get money…or if debt…maybe speak to a trustee. I think asking for a buy-out is asking for trouble. Some circumstances may warrant such a request…but be careful… --- _[View the full topic](https://forum.resolutelegal.ca/t/how-can-i-ask-my-insurance-company-for-a-contract-buyout/1292)._