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Originally Posted by Okotokian
Maybe I have this wrong, but is the "disgusting" treatment of veterans that they are offered the option of taking a lump sum or continuining with regular benefits/insurance payments? It's up to the soldier to decide. Is that it? Do I have that right?
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You no longer get a Veterans Affairs Canada disability pension for life, you get a one time lump sum payment but you have a choice of getting it all at once or in monthly installments until it is gone.
For less severe injuries like hearing loss without being deaf most people chose to take a $10K cashout. I don't know what would be the best choice for someone that loses a limb, eyesight, etc, and I would confide in a financial planner about what to do about a 6 figure settlement. Generally speaking, older Veterans that develope disabilities attributed to their service like the cash settlement the most and younger Veterans like it the least.