TPD & Income Protection
Many people these days have TPD (Total and Permanent Disability) or income protection insurance by virtue of their employer-funded superannuation scheme. If you have suffered a severe incapacity, you may well be able to secure either weekly payments from your superannuation company or a lump sum payment for a total and permanent disability. Check your insurance and try and establish just what cover you have.
We have found many instances where people have either not know that they have insurance company or if they did have been harshly treated by the insurer and have had difficulties making a claim. The law on these areas can be complex and we strongly recommend you get legal advice if you doubt what the insurance company is saying to you.
Make A Free Enquiry
Call us now on 07 5598 3266 or click on the “enquire now” tab on the right-hand side of this page and we will be delighted to help you.
Frequently Asked Questions
But the insurer says I haven’t got a permanent disability?
Medical evidence is important. Sometimes it is necessary to get your own independent medical evidence. We have many instances where insurance companies have declined the claim and we have been able to establish a valid claim by gathering the correct evidence.
How do I know if I have got insurance cover?
Firstly check your superannuation. Many policies have a disability or income protection component.
Is it simple to get paid out?
Unfortunately many claims seem to have difficulties with the insurers rejecting the applications filed. In these instances it is important to carefully consider the policy and to follow the necessary procedures and obtain the necessary evidence to support your claim for a successful conclusion.
Is it worth commencing Court proceedings?
This question has to be answered on a case by case basis. If we think that the expenses involved in pursuing a claim outweigh the benefits that can be obtained, we will advise you. As stated above, three questions must be asked and weighed up before committing to Court proceedings:
- How much am I seeking to recover?
- What will it cost me?
- What are my realistic chances of success?
The decision on whether to proceed or not is a balanced consideration of these three questions.
Is it expensive to issue a claim?
If we believe your prospects of success are good, there is a high probability we will agree to act on the basis that our professional costs are not paid until the successful conclusion of your matter. If in your first consultation we advise you that your prospects of success are not good and you did not want to proceed with the matter, we will not charge you for our time.