Testosterone lawsuit loans are loans offered to plaintiffs who are pursuing a lawsuit pertaining to an endocrine disorder, usually based on an HRT (hormone replacement therapy) injury. Typically, the loans are short-term in nature with the intent of helping a plaintiff to raise funds for his or her medical expenses. Loan amounts range from a few hundred dollars to several thousands of dollars and the payment term ranges from six months to six years. In some cases, plaintiffs are able to refinance their loans after the initial settlement to pay down their debts faster. However, the majority of plaintiffs are unable to obtain refinancing at any time during the life of the loan.
The purpose behind testosterone lawsuit loans is to assist plaintiffs in securing the monetary compensation that they are entitled to due to an endocrine injury resulting from a traumatic event such as repeated sexual or genital trauma. Ordinarily, when a plaintiff has sustained this type of injury due to another person’s negligence or recklessness, that individual’s insurer will settle the claim with the plaintiff through arbitration or mediation. In recent years, however, insurance companies have increasingly refused to provide adequate compensation to these individuals because of the excessive cost of litigation. For this reason, scores of plaintiffs are now taking advantage of the lawsuit loan provisions of life insurance policies. In addition to obtaining the monetary compensation that they are entitled to, these life insurance policyholders are also provided the opportunity to obtain a cash settlement to completely alleviate their life-altering injuries.
Life settlement loans, as well as testosterone lawsuit loans, are usually only provided to those who have sustained life-threatening injuries. These injuries may stem from an accident, a heart attack, a blow to the head, or even cancer treatment. In many instances, plaintiffs require months or years of care and rehabilitation. Because of this, life insurance carriers generally refuse to provide the funds required to make long-term living arrangements. In these instances, a life insurance settlement loan can help individuals who have suffered life-threatening injuries obtain the financial assistance that they need in order to afford care.
Unfortunately, many men do not realize that they are entitled to obtain a testosterone lawsuit loan before they have incurred such extraordinary injuries that prevent them from functioning normally on a day-to-day basis. Unfortunately, it is also not uncommon for life insurance carriers to deny coverage to individuals who have sustained injuries like these. When this occurs, the life of a man can be disrupted. He may be forced to live at home with his parents, he may not be able to work in the same field that he did before his injury, and he may have to forfeit his whole life savings. As a result, many injured individuals who have been denied a settlement for medical expenses choose to utilize the lawsuit loan provisions of their life insurance policy. It is not uncommon for plaintiffs to receive up to five times the face value of their settlement if they are successful in their lawsuits.
Of course, obtaining a testosterone lawsuit loan does require that you have sustained your injuries in an accident or illness that has caused your life to be disrupted. Therefore, it is imperative that you contact a highly reputable life insurance agent or broker as soon as possible following your accident in order to determine whether or not your life insurance policy will provide you with the funding that you need to hire a lawyer and pursue a lawsuit. Because testosterone damages have been proven to occur in many different circumstances, there are numerous different types of cases that could be eligible for a lawsuit loan. Therefore, if you have sustained an injury that has caused you to suffer serious impairment in your ability to engage in the type of employment that you have chosen, your life insurance company may provide you with the monetary assistance that you need in order to hire a lawyer and pursue a lawsuit.
Unfortunately, life insurance companies often refuse to provide you with the lawsuit funding that you need in such traumatic circumstances. Nevertheless, if you are not covered by health insurance coverage, you may wish to discuss your options with your life insurance agent or broker. For the most part, life insurance policies do not provide you with the ability to obtain lawsuit funding. Therefore, it is imperative that you discuss your options with an experienced attorney as soon as possible following your accident. Additionally, it is crucial that you select an attorney that will work diligently on your behalf, regardless of the fact that you are unable to pay for legal fees out of pocket.
