I'm a staunch defender of the PFD, but I would agree to a complete buy out-IF it's a fair deal. They want to cap the PFD at $1k, then pay everyone $1k per year based on life expectancy. In the US, males to age 76 and females to age 81. I'm 42, write me a check for $34 grand and we'll part company. (This is a standard procedure when dealing with Medicaid/Medicare/estate planning etc., and it should work fine here.)