If you are unable to work due to an illness or disability, you may be entitled to a lump sum insurance payout from your superannuation. Our team will examine your policy and fight for every benefit you're owed.
If you have had an insurance claim rejected, your benefits not paid in full, or you're having difficulty with your insurer, the team at Optimum are here to help you claim what is yours. We will fight to ensure you receive all your illness, accident and unforeseen occurrence benefits.
If you are unable to work due to an illness or disability, you may be able to claim a lump sum insurance payout from your superannuation. This is in addition to your account balance, and your illness or injury does not have to be work-related.
The team at Optimum will examine your policy and help you obtain TPD benefits, income protection benefits, terminal illness benefits, and death benefits.
TPD is payable for permanent disability, whereas Income Protection covers you for temporary disability — if you are unable to work for a short period such as after surgery or a serious illness. In most cases Income Protection only lasts for two years and will not be paid if your condition makes it unlikely you will ever return to work. That is where TPD comes in.
In most cases you cannot receive Income Protection and TPD (there are some exceptions depending on your super fund).
Anyone who has TPD insurance and is unable to return to work by reason of illness or injury can make a claim. You can claim with any type of injury or illness — it does not have to have been caused through the negligence of a third party or be work related.
The decision to pay a TPD benefit is based upon evidence that you will never return to work in any job for which you have the education, training or experience. This means that you will be unable to return to any role that you have worked in the past. For example, if you have been a labourer all your life but due to an injury or illness are now only able to work in an office role, you may still be entitled to a TPD benefit.
The process involves completion of various claim forms and documents which are lodged with the Insurer for assessment of your claim. The forms are supported by certificates / reports from your treating doctor / medical specialists. In some cases it may be necessary to have you examined by an independent medical specialist for a further opinion in support of your claim.
Most claims take between 6 to 9 months to complete but this is dependent on the insurer. The exact length of a claim will vary depending upon the complexities of each individual case.
Contact us today for a free, confidential consultation — strict time limits apply.
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