When you die, your superannuation account balance – together with any death insurance benefit that is part of your super – will be paid to your dependents. However, as a recent case in the media has demonstrated, this does not always occur.
Category: Superannuation
What is a Procedural Fairness Letter?
When an insurer intends on declining your TPD claim or Income Protection claim, they will send you a Procedural Fairness letter. But what should you do when you receive a Procedural Fairness letter?
Early release of superannuation in response to COVID-19 FAQs
In response to the significant impact and financial stress caused by the COVID-19 pandemic, the government has recently announced changes to accessing superannuation. What do these changes mean?
What is Superannuation?
Superannuation is more than just money paid by your employer to a fund for you to live off when you retire. It also includes insurances that can help you if you’re injured and unable to work.
What is Income Protection?
Income Protection – also known as Salary Continuance benefits – refers to a type of insurance which provides you with an income stream for a defined period if you are unable to work due to illness or injury.
I have an injury/illness – Can I access my super?
The financial impact of having an illness or injury can be devastating for you and your family. Did you know that you may be able to relieve some of that financial stress through your super?
Cancellation of Superannuation TPD Insurance on Inactive Accounts
If you are unable to work due to injury or illness you may be able to claim for TPD insurance through your superannuation fund. But be careful to check your account is still active.