Superannuation and TPD Case Studies

CLIENT PAID TRAUMA COVER

Elton is a 40-year-old underground miner.

In June 2015 his life was turned upside down when he was diagnosed with a brain tumour and underwent emergency surgery leaving him unable to return to work.

Elton had applied for trauma benefit cover outside his superannuation policy through a financial advisor.  His policy was worth a six-figure sum and would ensure that he would be relieved of any financial stress in the unfortunate event that he was required to bring a claim.

After undergoing surgery Elton contacted his financial advisor who advised him that he would be lucky to receive 10% of his benefit and advised that it was not worth bringing a claim.  While laying in his hospital bed Elton saw our ad on the television and decided to get in touch to see if we could assist.

We were able to obtain medical evidence to support Elton’s claim and provide him with assistance in completing the complicated lengthy claim forms requested by the insurance company.  After lodging the claim within two months the trauma benefit was approved and payment was made in full.


DECLARED NEVER TO WORK AGAIN

John is a 62-year-old self-employed builder.

Three years ago, he underwent a routine operation for the treatment of atrial fibrillation.  Following a poor outcome from the surgery John was unable to return to work.

John had always been a believer in having adequate insurance protection for himself and many years before the operation he had worked with his financial adviser and had taken out a comprehensive insurance plan.

John had a TPD policy worth a six-figure sum with an ‘any occupation’ definition. Relatively soon after his operation, he received medical advice he could never again work and proceeded to lodge a claim with his fund.

Unfortunately, despite his best efforts two years later he had not made much head way with the claim and found the fund to be hard to deal with.

John then contacted our office to assist.

After thoroughly reviewing his file, obtaining further evidence and liaising with the fund on his behalf the TPD benefit was approved, and the payment made.

Although his condition prevented him from retiring on his own terms, the payment funded all his medical and rehabilitation bills.

 


BUS DRIVER UNAWARE OF TPD COVER

Steve is a 51-year-old bus driver.

Three years ago, he was involved in a motor vehicle accident leaving him with significant injuries.

Steve had a TPD policy with an ‘any occupation’ definition. It was not until he engaged our firm to act on his behalf with respect to his CTP claim that he was aware he was entitled to bring a claim pursuant to the provisions of his superannuation policy.

After thoroughly reviewing his CTP file, obtaining evidence and liaising with the fund on his behalf the TPD benefit was approved, and the payment made.

Although his injuries have prevented him from retiring on his own terms, the payment has assisted him in planning for his future.