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  • Posted on 2/27/2015 What the insurance companies don’t want you to know about your perm-total award.

    If you are receiving an award of workers’ compensation benefits from either a settlement or a hearing award you need to read and understand what I am about to tell you. If you learn nothing else this year take the time to learn what I am about to share.



    Here is what every Iowa workers’ compensation injured worker needs to know: The value of your lump sum settlement is about to get halved.



    Here is why – INTEREST RATES ARE GOING TO RISE, THEY HAVE TO BECAUSE THEY ARE AT HISTORIC LOWS AND CAN’T STAY THERE FOREVER. When the rates rise the value of your lump sum settlement goes down. In other words, as interest rates rise what you can get paid in one lump sum decreases.



    Many widows, widowers and other workers’ compensation recipients with lifetime or even long-term benefits are about to get a lesson in what it means when interest rates rise.



    Short Answer: The higher interest rates go the lower the value of any lump sum settlement. In Iowa a lump sum settlement is known as a commutation of your benefits. It is a way of turning a stream of benefit income into one lump sum payment. In finance they refer to this as capitalizing the income stream. For lay people it simply means you are about to get taken to the cleaners.



    Let me give you an example. I will need to assume you, Joe or Shirley Schmmo is receiving lifetime weekly compensation under the Iowa workers compensation benefits system and you would like a lump sum to cash out and stop the insurance company and its lawyers from following you around (surveillance) and asking your neighbors what you do when they aren’t around. You will need a lawyer and so you meet with one (Lombardi Law Firm) to find out how much you can get in a lump sum. If that meeting took place in a year from now that would mean a lump sum amount would likely be determine two years from now. In two years the interest rates (constant treasury today is .2%) is likely to be a lot higher. However much higher it gets will matter to you then because the dollars you receive then will be a lot less than they are today. (See the chart below.)



    Caveat Emptor: If you don’t understand what I am trying to explain then you have an option. Call my office (515-222-1110 or sdlombardi@aol.com) and schedule an appointment so I can explain to you what the insurance companies don’t want you to know and what they won’t let the adjusters tell you. Acting before interest rates rise can make your settlement worth hundreds of thousands of dollars more. See below!



    And if you are receiving lifetime benefits and intend to get married call me now! Don’t wait because it will cost you more money than you can make in ten years. I mean it! Call now! I will not charge you just to find out what it is I am talking about in this blog.



    LET US SEE JUST HOW RISING INTEREST RATES REDUCE YOUR LUMP SUM SETTLEMENT



    Let me make some assumptions for the purpose of proving my point. Assume the worker who either died or is currently receiving a life-time weekly benefit is 49 years old and is a man. Let’s assume his weekly benefit amount is $475.00. And then let’s assume a normal life expectancy. Now let’s see what happens to the value of that lump sum award as the interest rates rise.




























    Interest Rate



    2.2% Currently



    4.2%



    6.2%



    8.2%



    Lump Sum Value



    $581,716.21



    $442,129.10



    $347,443.10



    $281,369.32



    Loss



    $0.00



    -$139,587.11



    -$234,273.11



    -$300,346.89





    Do you hear the sound of water circling the drain? That sucking sound is money being drained out of your pocket and into the insurance company’s float account. Steve Lombardi, Attorney




    And why does this make any difference to you? It makes a difference because you can control the investment rather than a simple weekly workers’ compensation check. You can take the money and go buy an annuity or invest in the financial markets with long term bonds and mix in some stocks while leaving something to your heirs. If you die while receiving workers’ compensation benefits the weekly check stops. But if you settle and purchase an annuity it will continue to pay your children or significant other even if you pass on. There are many options you should consider if you have long-term weekly benefits under Iowa’s workers’ compensation system. And don’t expect the insurance industry to treat your fairly because from their standpoint it has nothing to do with fairness.



    Don't let the insurance industry take your case to the cleaners, call now! 515-222-1110 Iowa Workers' Compensation Lawyer



    2009 United States Life Tables, 2009, National Vital Statistics Reports, Volume 62, Number 7

  • Posted on 2/26/2015 What is Cardpool and is it legitimate?

    Quick Answer: Great idea, questionable execution (due to negative reviews) and the jury is still out on whether it will last.



    Cardpool is a website that buys and sells gift cards. You can buy cards for up to 35% off or you can sell gift cards for cash. Keep in mind you will be selling also at a discount. When someone gives you a gift card that you can’t or won’t use this is an alternative to letting it simply expire or allowing the value to set without being used.



    My soon-to-be son-in-law uses it regularly for Home Depot purchases. His one reservation is that the seller of the card, (the previous gift card owner) has the numbers on the card and therefore, according to Nick, can use the card without your knowledge, thereby robbing you of the gift card value. I wondered if that were true so I went to Cardpool to see if there was any sort of a guarantee. There is and here is the guarantee.




    Cardpool is committed to making our customers happy by offering the highest level of service possible. If you are not satisfied with your Cardpool purchase for any reason, you may return your unused gift card for a full refund*. If you purchase any gift card from Cardpool, we guarantee it will be valid at the merchant and to the dollar amount specified on your order. We make such guarantees for up to 100 days from the date of your purchase, up to a maximum of $1000 per customer.




    You can even sell any gift card for an Amazon gift card.




    How it Works



    Have unused gift cards? Cardpool gives you an easy way to trade them in for Amazon.com Gift Cards, cash, or other valuable items.



    Step 1: Get Offers

    Tell us which gift cards you'd like to exchange.



    Step 2: Transfer Gift Cards

    Sell your gift cards electronically - no mailing required, or mail your gift cards using our FREE USPS SHIPPING LABEL.



    Step 3: Get Amazon.com Gift Card

    We'll email you a new Amazon.com Gift Card within 1 business day of receiving your gift cards.




    You can find the reviews on Cardpool at Reviewopedia and also at Reseller Ratings. Like any web offering, do your own research before you dive in.



    Reviewpedia has a general description which below I have quoted and some of the reseller rating comments are scathing. Others are glowing. Nick didn’t have anything bad to say about the service and seems quite happy with it.




    Cardpool.com, established in 2009, allows people to buy or sell gift cards in one of the largest and fastest growing gift card exchanges on the internet today.



    Unlike other gift card exchanges, Cardpool buys gift cards directly from you, which gives them the ability to verify the balance and authenticity of the card, and then holds it until someone wishes to purchase it from them.



    They purchase gift cards at up to 92% of their value, and sellers will receive their payment within 24 hours of when Cardpool.com receives the gift card.



    Those looking to buy cards from Cardpool.com will find a large variety available at up to 35% off. All gift cards are shipped USPS first class and arrive within 3-7 days. Electronic gift cards will be emailed within 24 hours of purchase.



    Cardpool.com does not charge any taxes, fees, or shipping costs, so the advertised price of the card is the only price you pay.




    Do you have any experience with Cardpool.com? If so, please leave a comment below.

  • Posted on 2/25/2015 OtisKnee Surgery Tools Receiving Massive Criticism

    OtisMed Corporation began creating surgical tools, or rather "guides," that were intended to assist surgeons in conducting more precise and efficient knee replacements.  The OtisKnee guides were marketed by the company directly to physicians and hospitals - bypassing FDA regulations and making claims about the efficacy of the devices that were not approved by the FDA.  The company claimed the OtisKnee was a Class I medical device - meaning that it did not require premarket review by the FDA as it was a low risk device.  Classification of devices is voluntarily made by medical manufacturers, meaning that there is opportunity for companies to mis-classify and bypass FDA regulation.  The FDA was tipped off to the OtisKnee misclassification in 2008 when Stryker planned to purchase OtisMed for $100 million.  The FDA notified the company that the OtisKnee guides were a Class III device, requiring extensive testing to ensure they were safe for consumers.  The OtisKnee had already been distributed, however, and more were shipped to physicians even after the FDA stepped in.  Some phyisicians noticed malfunctions early on when they began using the OtisKnee, while others contended that the guides allowed them to provide custom knee replacements with faster recoveries and less pain.  Several lawsuits have been filed against OtisMed and physicians who used the devices.  It is unknown how many patients were negatively affected by the OtisKnee guides.

Des Moines Accident Attorney Serving All of Iowa And Answering Questions About Personal Injury Accidents

Straight talk when you need it most.

Exploring Recent Personal Injury News From Around the State of Iowa

What's my case worth? What should I do right after the accident? Why is the case manager working against me? These are all questions we are often asked and the answers can be found right here at the Iowa Injury Law Center. If you have a question that isn't answered or just want to talk to a personal injury lawyer, contact Steve or Katrina by dialing 515-222-1110 or writing to sdlombardi@aol.com or katrina.schaefer8@gmail.com. They look forward to speaking with you.

Personal injury law is our business and for the past 30+ years Steve Lombardi has assisted over two thousand clients with personal injury. Clients come from all over Iowa, we do travel and have handled cases in most of Iowa's 99 counties. Steve has handled cases in Montana, Nebraska, Minnesota, Missouri, California, Florida and Texas just to name a few. Let us help you or at least help you get to the right attorney. Currently the worst personal injury cases come from interstate highway accidents, drunk driving collisions, rollover accidents, work related injuries, explosions, electrocutions, falls and spinal chord injuries. We've handled most every type of personal injury case in Iowa and would like to evaluate your case. So call us before you talk with the insurance adjuster.  




Free Legal Questions


http://www.lawguru.com

We pride ourselves on telling you what you need to hear, not necessarily what you want to hear.

Accidents.  They happen anywhere, anytime.  You cut your finger with a knife in the kitchen.  You spill your morning cup of coffee.  You slip on a patch of ice and fall.  Accidents at home are painful and perhaps embarrassing but certainly manageable.  When they happen on the road or on the job, however, they can become a real challenge to putting food on the table and paying the bills. The insurance industry is not there to treat you fairly, because what is fair to you may not be considered fair to them and their insured. You need good representation; someone to help you understand how to win. Keep in mind the insurance industry wants you to lose.

Whether you’re involved in a serious car wreck, an accident with a truck, or hurt on the job, you’ll find yourself potentially out of work and out of money.  What if you lose your eyesight or a limb?  Your bills will pile up, especially those never ending medical bills that can result in your insurance company raising rates or worse yet, refusing to cover you.

Even though you’re the victim, it will seem as if nobody wants to help you and everyone who is supposed to be helping you, wants to blame you. Trying to handle the situation without professional assistance can be just as terrifying as the injury itself.  

At these times, personal injury attorney Steve Lombardi and Katrina Schaefer can help.  With over thirty years of experience representing personal injury clients in central Iowa, Steve knows the law and can help you to achieve THE BEST result.   His practice includes personal injury cases; car, truck, motorcycle, and boat accidents; major injury cases including brain damage, loss of limbs, loss of eyesight, death and surgical cases; workers’ compensation; professional malpractice; and a limited number of divorce cases in which significant and valuable property must be divided.

Lombardi Law Firm is located in West Des Moines, Iowa, and serves clients from Polk, Dallas, Madison, Warren, Clarke, Cerro Gordo, Jasper, Linn, Wapello, Clinton, Scott, Pottawattamie, Muscatine, Lee, and Johnson counties, including accidents occurring along the interstate highways I-80, I-35, I-235, and I-380.

Steve Lombardi is the kind of lawyer who cares deeply about his clients.  Just like many of his clients, he too has experienced the breakdown of the health-care system.  When he was thirteen, his father died of lung cancer. For two years before his father’s death, the primary care physician diagnosed a pulled muscle. No x-ray was taken. Had this simple test been ordered the lung cancer may have been diagnosed and his life saved. He died two years after a specialist ordered an x-ray. Before going to law school he had never been in a lawyer’s office, because his family couldn’t afford legal services. Today he is there for his clients.

From those experiences, he draws a great desire to help his clients win their cases involving any type of malpractice, and serious injury, a desire to help his clients find some justice in an imperfect world.  He prides himself on always telling clients what they need to hear not just what they want to hear.

In the pursuit of justice, Steve Lombardi believes his clients are necessary partners in building the evidence that will be used in court:  active, responsive clients with some understanding of the process have the best chance of success.  He is passionate about the work he does and enjoys working closely with his clients to collect the evidence supported by the legal theory.  He believes there are no small issues in a case because every detail could turn a case in the client’s favor. 

Steve Lombardi works very hard to positively impact his clients’ lives.  And while he recognizes that not every case can be won, he simply hates to lose.  Justice delayed is justice denied. You can be sure Steve Lombardi will use all of the legal tools available to fight for you, and to win your case.

So call us and let us HELP YOU TO HELP YOURSELF!

Adventure Travel

The adventure travel business is big in the United States and for that matter all over the world.  In the year 2000 the estimated worldwide revenue was $154 billion and was growing at a 20% annual growth rate.  See Adventure Travel Industry Growth Statistics, Christina Heyniger, Xola Consulting. This industry is unregulated and the certifications the guides obtain are of limited comfort because the associations regulating those guiding services have no enforcement mechanism. The release documents the adventure travel customers sign completely relieves the guiding service of any wrongdoing these Generation X "kid" guides do on the trip. I've travelled all over the world and have some observations from my experience. I invite others to join in with comments and if you write to me I'll respect your privacy, if you want me to, and will use your experiences, both good and bad to make everyone aware of the pitfalls. So come join us with Adventure Travel.

Ag-Law Farm Accidents

Iowa farm families when suffering accidental injury can count on the Lombardi Law Firm to assist them in handling their insurance claims. If you need assistance with an insurance claim give us a call. We handle accidental rollover cases, highway collisions, injuries by equipment, grain dust cases, grain bin suffocation cases, explosions, burns from explosions and electric shock, electrocutions and chemical poisonings. If your accident isn't in this list, call us to see if we can assist you. For 30 years we've helped Iowans just like you to recover fairly. Call us at 515-222-1110 or write to Attorney Lombardi at sdlombardi@aol.com

Boating Accidents

Boating safety is a major concern for those who own or operate a boat on Iowa's lakes and rivers. On this site we focus on boating safety and how boaters get themselves in "hot water" with liability. If you're hurt while on the water you should immediately contact a quallified attorney and seek legal advice about how to gather and preserve the evidence you may later need to protect your rights.

Campus and School Accidents

Going to college is an exciting time in a young adult's life. But the college life is one where freedom causes those not yet ready for responsibility to experiment with the bounds of reason leading to unique ways people are injured. Join us at Lombardi Law Firm as we catalogue the university milieu and personal injury in America.

Car and Tractor Trailer Accidents

Although tractor trailers are a vital part of the American economy, their presence on the roads presents a significant problem while car drivers fail to respect them. The accidents are often severe, resulting in spilled products, bad wrecks, and possible death. If you are injured in an accident involving a tractor trailer along the highways of central Iowa, Steve Lombardi of the Lombardi Law Firm in Des Moines can help you handle these troubling times. Call 515.222.1110 for a free consultation.

Car Damage Property Accident Lawyer

With over 30 years of Iowa property damage and personal injury accident law we provide the law experience you need to maximize your personal injury recovery in any property damage case. If you have questions about property damage here are the answers to your questions. Due in part to the number of questions we get about property damage and how to settle the property claim after an accident the Lombardi Law Firm has created this page with a list of commonly asked questions. If your suit has significant personal injury or death claims we invite you to contact us about your case, but due to the time involved in answering questions (and the fact we still have to pay the bills around here) we do not allow non-client questions for just property damage. Clients may contact us at 515-222-1110 or 800-383-0331 or sdlombardi@aol.com.

Client Trial-Deposition Preparation

Lombardi Law Firm believes in trial preparation. We don't rely on luck to win your case. Instead we prepare you from the first moment we talk with you. What we do is listen to how you talk, think and most importantly answer questions. You can be successful if you are prepared correctly. Not all attorneys take the time to properly prepare their clients. We do.

Construction Site Personal Injury Accidents

Construction Site Personal Injury Accidents - Despite attempts to improve safety at construction sites by updating the regulations about equipment and producing detailed safety information, construction sites remain one of the most dangerous workplaces. If you are injured while working on a construction site, contact personal injury attorney Steve Lombardi as soon as possible to help with getting the relief you’re owed.

Criminal Law

Criminal law in Iowa is an interesting exercise in police power and the State of Iowa flexing it's muscle to collect fines and police the state. If we can help you find the right legal counsel to defend you against criminal charges contact Attorney Steve Lombardi at sdlombardi@aol.com or 515-222-1110. 

Dog Bite Accident Lawyer

With over 30 years of Iowa personal injury accident law we provide the law experience you need to maximize your personal injury recovery in any dog bite case.

Drunk Driving Iowa Personal Injury Accidents

Drunk Driving, Alcohol and Personal Injury and Wrongful Death Accidents in Iowa

Guns & Handgun Rights

If you want to carry or (buy) acquire a handgun, rifle, or revolver and you’re running into obstacles, the Lombardi Law Firm is here to help.  Based in Polk County, Iowa, lawyers Steve Lombardi and Katrina Schaefer practice statewide and are prepared to guide you through the getting, keeping, or renewing your permit to acquire or permit to carry weapons. And if you are a gun owner and need legal help we are here to help you with your legal problems.

Here are some of the services we can provide:

  • We can help you apply for a permit to acquire.  If you don’t already have a permit to carry, then you need to get a permit to acquire if you want to get a pistol or revolver. This is a fairly simple process.
  • We can help you apply for a permit to carry.  If you want to carry a loaded firearm in public in Iowa, you need a permit to carry.   We can help you apply.  Need help becoming eligible?  We can help.  Need to know what rights your permit to carry gives you?  We can help you there too. We can also direct you to where to take the concealed or carry permit instruction course.
  • We can defend you if you’ve brought your gun somewhere you shouldn’t have.  Did you bring your gun into a business that has a policy against guns?  Are you facing a trespass charge for being ready to defend yourself?  Need to know whether your firearm needs to be concealed or whether you can carry it openly?   Come to us to and we can help you protect your gun rights.
  • We can help you if your permit has been denied, suspended or revoked.  Maybe you’ve run into trouble with the application process, or maybe you just received notice that an annual background check has placed your right to bear arms in danger.  You can appeal any decision to deny, suspend or revoke your permit to acquire or permit to carry.  And we can help.

Hip & Knee Implants

Hip and knee replacement devices have come under increasing scrutiny in the last few years, as manufacturers began to recall certain types of these implants. One type of hip implant, and perhaps the most controversial at this time, is called a metal-on-metal bearing. With knees we're starting to see Zimmer's NexGen CR-Flex Porous Femoral component product questions.

I-35 I-80 I-235 I-380 Collisions/Accidents

Interstate highways 80, 35 and 235 personal injury lawyer teams up with lawyers from Minnesota, Iowa, Oklahoma, Illinois, Texas and all other states to provide information to those injured or the families of those killed in accidents and crashes with semi-trucks, motorcycles, cars, SUV's, mini-vans and those working on the highways (State Troopers, highway workers, DOT maintenance workers and others. ) Contact any of these firms for assistance. Steve Lombardi, 1300 – 37th Street, Suite 6, West Des Moines, Iowa 50266 (515)222-1110.

Large Damage, Major-Serious Injury and Death Cases

Damage cases involing death, brain injury, traumatic head injury, spinal injuries, loss of a limb or eyesight or hearing. Most law firms shoe every horse that comes into the barn. We won't and don't. We say no to most cases. We say "yes" to large damage cases so we can focus on getting you the best result.

Motorcycle, Bike and ATV Accident Lawyer

With over 30 years of Iowa personal injury accident law we provide the law experience you need to maximize your personal injury recovery.

Lottery, Gaming and Games of Chance

Winning the Lottery is more than Just Dumb Luck. - You can’t win a lottery without turning in a ticket.

As much as you may want to think this is about fairness, it’s not; it’s about playing by the rules you agreed to when you bought a lottery ticket that is later picked as having the winning numbers.

Don’t fool yourself into thinking you won the lottery when you can’t produce the winning ticket. To win the lottery you have to do several things.

  1. Be old enough to legally play the game.
  2. Buy the winning ticket.
  3. Buy the ticket during the time period when the game is active.
  4. Possess the winning ticket. (Can be by gift or other legitimate means. Just not stolen.)
  5. Sign the winning ticket.
  6. Turn the ticket in by the deadline for validation.
  7. Actually turn the ticket into the Iowa lottery.
  8. Have the ticket be validated by the lottery’s machinery.
  9. Don’t engage in fraud or theft to possess the winning ticket.
  10. Don’t wait to turn in the winning ticket if the economy is in down market because the value of the winning prize will probably decline.

The Iowa Lottery recently had a drawing named Hot Lotto that was sold at a Des Moines convenience store with the winning number being drawn on December 29, 2010. That meant the winning number had to be turned in on or before December 29, 2011. It was, but barely.

Pedestrian Collisions Causing Injury and Death

Pedestrian accidents can have many causes. Pedestrian accidents are caused by inattentive drivers, crossing in the wrong place, listening to an iPod or other MP3 device, the weather or a whole assortment of other facts. Lombardi Law Firm explores the many facets of pedestrian accidents. Come join us. Clients may contact us at 515-222-1110 or sdlombardi@aol.com.

Professional Licensure Defense for Doctors, Dentists, Pharmacists, Nurse Practitioners and Nurses

We assist the medical, dental, pharmacist, nurses and veterinary professionals with defense in civil matters having to do with the Iowa Board of Medicine and all other licensing boards. Call for a consultation.

Property or Real Estate related Injuries leading to Serious Injury or Death

If you’re injury or death case happened (caused) on property (real estate) you need to get a qualified legal opinion that will result in a successful insurance claim and lawsuit settlement or verdict. You need a lawyer on your side that is licensed as a lawyer and licensed as a real estate broker. As a lawyer with a client, but who doesn’t practice in this area full time you need direction and a lawyer who can act as co-counsel. We handle referral work all over Iowa and pay thousands of dollars in referral fees to Iowa’s rural practice lawyers. If you’re not sure there is a case call or email Attorney Lombardi and find out; this consultation is usually free of charge. 515-222-1110 or sdlombardi@aol.com

 

OWI-CDL Lawyers

Without a CDL you can operate. As a truck driver in Iowa an OWI can cost you dearly. Call these OWI-CDL Lawyers for HELP.

Unemployment Benefits in Iowa

If you’re unemployed or partially unemployed and are looking for an attorney to help you get the unemployment compensation you need, the Lombardi Law Firm is here to help.  Based in Polk County, Iowa, lawyers Stephen Lombardi and Katrina Schaefer practice statewide and are prepared to guide you through the difficult process of getting unemployment insurance benefits.

Where can you find legal help with your Iowa unemployment insurance claim? The Lombardi Law Firm is here for you. Call Steve and Katrina at 515-222-1110. 

Whistleblowers / Financially Ripped Off?

Financial crime has increased in America. The amount of retirement funds saved along with government fostering a gambling mentality has creating an environment where greed seems acceptable. Working people, honest people, young adults and the elderly need to be on the lookout to save their hard earned savings and to protect their futures. Join us with the Lombardi Law Firm as we create depository of blog posts that are all about financial rip-off stories that are in the news.

Workers' Compensation

If an individual is injured while on the job, he or she is entitled to worker’s compensation to pay the medical expenses and help cover a percentage of lost pay from mandatory time off. Although the process is relatively simple, getting the full value of your claim is a time-consuming and potentially complicated issue.

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Steve Lombardi
Iowa civil trial, workers' compensation and personal injury lawyer