Insurance TPD payout from a superannuation claim
If you’ve suffered a total and permanent disablement and are unlikely to return to work, you may be eligible to lodge a TPD insurance claim through your superannuation fund.
Most superannuation funds will automatically provide life insurance cover, income protection, and TPD insurance cover. All of these covers are for a specified amount and are generally available without substantial medical checks. When TPD insurance claims are approved through a super account, a lump sum payment is paid into your existing super balance and is open for full withdrawal, partial withdrawal, or to remain in your account.
To make sure you don’t get caught out by your super’s TPD cover, make sure you check the stipulations of your unique policy to see how you are covered, how your super company defines TPD, and the amount you will be entitled to if you make a successful claim under your existing cover. If you need assistance checking your cover, don’t hesitate to get in touch with our lawyers, at no cost to you. We’ll help you identify your existing TPD cover and assess your eligibility to claim.
What is TPD insurance in super?
TPD through superannuation is an insurance cover that enables you to claim a payout if you suffer an extended injury or illness that stops you from working. Depending on the insurance cover that is found in your superannuation statements, you may even be able to make multiple claims. Check your superannuation member statements and policies to find out whether you’re currently covered to make a total and permanent disability superannuation claim, or ask us for help. With no cost and no obligations, we can help you assess your TPD cover.
How much will I get from my total permanent disability insurance payout?
The death and total permanent disability insurance superannuation payout you could receive depends on a multitude of different factors. These could include:
✔ Your TPD cover amount at the time of your illness or injury
✔ The stipulations of your unique policy
✔ The length of time you have been paying into your superannuation account
✔ The cost of your treatment and other fees
✔ The expected future impact of your TPD
✔ If you will ever be able to return to work
Without assessing your particular case, we are unable to gauge the compensation you are eligible for. Use our TPD compensation checker to get an idea if you can claim on your TPD, or get in contact with our team to discuss your claim further. We’re here to help you get the most out of your TPD insurance claim.
What is the difference between TPD insurance and life insurance?
Total and permanent disability (TPD) insurance cover and life cover are both types of insurance that can provide financial protection in the event of an unforeseen death or disability. TPD insurance, or total and permanent disability insurance, is designed to provide a lump sum payment if the policyholder is unable to work due to an injury or illness. Life insurance, on the other hand, pays out a death benefit to the policyholder’s beneficiaries in the event of their death or in the case of a terminal illness. Both life insurance products and TPD cover can be found through your superannuation fund.
Should I Make A TPD Superannuation Claim?
Making a successful TPD claim could provide you with the opportunity to pay for your medical fees, rehabilitation and ongoing treatment costs, and other fees such as your living expenses. As a TPD may leave you unable to ever return to work, making a claim could be crucial for your future.
If you decide to make a TPD insurance claim through your superannuation, follow these steps:
✔ Get an expert to help you complete the appropriate sections of the claim forms. When you are making a total and permanent disability insurance claim, it is important to ensure that you seek the appropriate compensation for your injuries or illness, and the effect it has and will have on your life and financial situation.
✔ Ensure all sections of the claim form are completed. Filling out claims forms is not a simple matter. You need to provide evidence of your injuries with supporting information to back it up. A legal professional who understands the process can be highly useful at every stage of your claim for compensation.
✔ Lodge the form to your existing superannuation fund. Ensure you provide all the evidence required under your existing policy to ensure your claim is processed as soon as possible.
Contact us for an initial consultation and share your evidence. We can assess your claim, how much cover you have, and the likely permanent disability insurance total payout you will receive, at no cost. We will advise you through so that when we commence legal proceedings you will understand the entire process.
Accident law no win no fee guarantee for your TPD insurance claim
You really have nothing to lose with our no win no fee guarantee. When we take on your case we pay for all outlays and associated claim expenses, meaning we get you access to the help you need quickly.
You are also covered by Queensland legislation, so if our fees were to somehow exceed the compensation amount, then we are obligated to reduce them. This means you can confidently pursue a legal claim without being left out of pocket.How much TPD compensation will I receive?
The amount of compensation you receive will be determined by calculating the monetary value of your injuries and their impact on your quality of life. Therefore, it’s tailored to your individual circumstances.
Our TPD claim check can help you start the process. The tool effectively acts as a TPD payout checker which will let you see if you can actually make a claim. However, it’s always best to speak with one of our Lawyers and get a free assessment which will give you a better understanding about your TPD claim.Accident law no win no fee guarantee for your TPD insurance claim
You really have nothing to lose with our no win no fee guarantee. When we take on your case we pay for all outlays and associated claim expenses, meaning we get you access to the help you need quickly.
You are also covered by Queensland legislation, so if our fees were to somehow exceed the compensation amount, then we are obligated to reduce them. This means you can confidently pursue a legal claim without being left out of pocket.How much TPD compensation will I receive?
The amount of compensation you receive will be determined by calculating the monetary value of your injuries and their impact on your quality of life. Therefore, it’s tailored to your individual circumstances.
Our TPD claim check can help you start the process. The tool effectively acts as a TPD payout checker which will let you see if you can actually make a claim. However, it’s always best to speak with one of our Lawyers and get a free assessment which will give you a better understanding about your TPD claim.TPD Lawyers Servicing Brisbane, Gold Coast and Queensland
If you have become permanently disabled or are suffering an illness and are no longer able to work, you may be eligible to claim for TPD. You truly have nothing to lose when you work with our team due to our no win no fee guarantee. As we help you with your case, we will pay for outlays and associated claim expenses, and get you the help you need, quickly. To speak with an experienced TPD lawyer about your claim through your superannuation fund, call us on 1800 958 498.
Queensland's Superannuation TPD Claim Experts
- Suffering from a total and permanent disability? Accident Law is the compensation lawyers Brisbane & Gold Coast clients trust to get the outcome they want.
- Queensland specialised and accredited injury and accident specialists are on hand to help get you the most compensation possible out of your claim.
- Since 1983 we have worked alongside our clients to help them get the compensation they are owed from car and motor vehicle accidents and workplace accidents.