What would happen if an unforeseeable illness or injury prevents you from working today? How would it affect your bill payments? Do you have enough savings to cover your mortgage and utility bills until you get well?

 ill to work

The answers to these questions is hiding in the fine print of your superannuation.

Many workers are unaware that most super funds include an insurance policy, which will cover them in case they areunable to work. 

This policy is known as superannuation disability benefits.

You can lodge a claim in the event of an accident or illnessthat stops you from working. Depending on your circumstances, there are two types of claims you can make – a Total Permanent Disability (TPD) or a temporary disability (also known as income protection) claim.

What is TPD payment?

This type of insurance provides a lump sum payment in circumstances where you have not worked for 6 months or more.

The amount you receive depends on the nature of your cover.

Do I have TPD insurance cover?

It is now compulsory for all superfunds in Australia to provide TPD insurance. We can make sure you receive your full amount or as close to your full amount as possible. Often funds will challenge your claim so having experienced lawyers to gather evidence and negotiate your claim can mean walking away with thousands more.

It is also important to remember that even if you do haveTPD insurance cover, the amount varies and depending on your capacity the insurer will fight hard to pay you as less as possible.

A decision will be made based on your application we put together for you.

To help make sure you receive everything that you are entitled to, apply via a specialist who understands the process.

What options do I have if my claim is rejected?

If you feel your claim has been unfairly rejected, you can ask your super fund to review their decision.

However, your best option is to get strong legal advice from the get go, particularly from professionals who offer their services on a no win no fee basis.