After your claim has been reviewed and approved for payment, an offer is sent in the form of a release. When you accept the offer, the release must be signed and returned to the Trust by either:
- Electronic Signature Process
- Uploading the signed Release via Trust Online
- Mailing the signed Release to the Trust for processing
When the Trust receives the release back it is reviewed for deficiencies. A Payment is typically sent within 1-2 months.
Your payment will depend primarily on the claim option you choose:
The Expedited Review Process option is paid the current Payment Percentage of the Scheduled Value for each Disease Level as outlined in the Asbestos PI TDP. Expedited Review is also intended to provide qualifying claimants a fixed and certain claim payment.
The Individual Review Process option is paid the current Payment Percentage of the gross settlement value and may be either greater or less than the Scheduled Value for the relevant Disease Level as outlined in the Asbestos PI TDP.NEXT LESSON