Even with stars in our eyes and dreams in the air, circumstances beyond our control can twist our lives around where clouds can hide the stars, and the dreams merge into nightmares.
In my experience, hard times create resilience and character, but we all still have options, open-doors and, in most cases, protection.
We are protected by insurance policies, which usually come under our Superannuation Policies. These insurances can be:
or even removed.
Depending on your Superannuation Fund’s policy, these outcomes will have terms and conditions attached to them. Your age, pre-existing health, and contributions can alter or affect them. If you have more than one policy, you may be able to claim under each individual policy. For example, there may be waiting periods, limits on the cover, and the policy may only cover “your occupation” or “any occupation”.
It’s wise to regularly review your superannuation and insurance to ensure they will cover your changing needs.
What are these Insurances in my Superannuation Policy?
Those insurances can include:
Death Cover (aka Life Cover). This insurance pays out a lump sum or long-term income stream to your beneficiaries when you die or if you have a terminal illness. Usually, this ends at age 70.
Income Protection Insurance This insurance gives you a continued regular income for a specified period if you cannot work due to illness or a temporary disability.
TPD Insurance Total Permanent Disability Insuranceis the safeguard if you become injured or permanently disabled due to an accident or illness and cannot work in any capacity in any occupation based on your previous education, skills, training or experience. TPD pays out a benefit either as a lump sum or over a number of years, depending on your insurer.
This provides you with the best medical and rehabilitation treatments and also gives you and your family financial security so you can go on making the most of your life.
If, because of an injury or a severe illness you;
Have stopped work for at least six months (depending on your policy);
No longer have the capacity to work in any of your previous occupations or in a position in which you are suited (due to your education, training and experience); and
Are unlikely to work again.
Then you may be eligible for compensation to help cover the costs of medical expenses, rehabilitation and the cost of living.
If you or someone you care about has stopped work due to an injury or illness, contact your local Revolution Lawyer for a free, no-obligation chat. Your lawyer will review your case thoroughly and discuss the following steps to move forward and get on with your life’s ambitions. Often, a conversation is all you need to get your life back on track!
If Your TPD Injury Lawyer Does These 3 Things, Run Away
When you have been injured as a result of someone else’s negligence in a public place, on the road (whether you were driving, walking or cycling) or at work, you need to focus on two key things: First of all, you need to get better.
But secondly, you need to seek compensation for your injuries and loss of income sustained so that you have the time and space to get better, without having to worry about money and medical bills. After all, this accident and injury were not your fault – and if there is someone responsible, then they are the person or entity who should appropriately compensate you.
While no one understands the length and severity of your injuries quite as well as you do, we also know that self-representation in TPD personal injury cases is not a particularly good idea. It’s difficult to think and see objectively (as you need to do) when you’re in pain, and as your legal representation, we can understand the individual or company who you are seeking compensation from and can help to get the most appropriate amount of compensation possible.
While we at Revolution Law are experts in TPD personal injury law and in helping you seek compensation, there are other legal professionals that you should be wary of. We have created this short piece to show you what to be aware of in TPD personal injury law – and if your legal professional does any of these three things, run a mile in the other direction (and call us for comprehensive care and legal representation).
#1: Passes You Off to a Paralegal
Your personal injury was not your fault, and you’re grappling with the potential pain and change in living, as well as an upheaval in your life which you and your family need to work through. In seeking compensation, you want to know your claim is being handled by a professional lawyer. While we do have paralegals working within our firm, your personal injury claim is going to be handled by a qualified lawyer who has the experience and skill to get you the best possible outcome.
#2: Is Vague About Fees
We are 100% transparent about our fees. And in fact, when it comes to some of our personal injury cases, we offer a no win, no fee payment structure which means that your claim will be handled with no risk to you. We will assess your case before we take you on and will speak with you about the likelihood of success so that you know what to expect. If your legal professional is vague about how much you will be paying or doesn’t discuss the fee structure with you – get out of there!
#3: Promises a Quick Case
Ok, in some cases – not many, mind you – but some cases, your personal injury case will be settled relatively quickly. In the rest of the cases, a personal injury claim can take anywhere from 12 to 18 months to be settled, with medical negligence cases taking longer in many instances.
We don’t promise rapid resolution, but we do deliver realistic timeframes and ongoing support and updates. If your personal injury lawyer gives you a really short timeframe for resolution for your case, be sure to consider this carefully. Personal injury claims do take time because of the complicated and thorough nature of the information required and a promise of settlement in two or three months should be looked upon with caution.
While we recommend seeking legal advice as soon after your injury as possible, the claim itself needs to be approached in a thorough and precise manner. And while it’s important for injuries to be treated promptly, your compensation may take some time but we will be there to help you through the process, for as long as it takes.
Want legal advice from TPD personal injury experts who are on your side and with you every step of the way? We can help. Contact us now for a complimentary consultation where we can assess your claim, or call us on (07) 3416 4999 for a chat about your injuries and what you are looking to do moving forward.
Total and permanent disablement (TPD) insurance provides you with a lump sum benefit if you cannot work due to sickness or injury. Your insurer will define in your policy whether you can make a TPD claim as either when you can’t work again in any occupation, or you can’t work in your usual occupation. Making a TPD claim and receiving a lump sum payment will help you moving forward with your everyday living expenses, necessary rehabilitation and past debts. Previously you may have arranged for a private TPD insurance policy, if you haven’t then superannuation funds generally have a default TPD insurance attached to the policy. You may be able to make a claim on multiple insurance policies.
There is no singular TPD definition guideline. Each insurer has their own definition of what is considered as totally and permanently disabled. They also have their own policy on how a claimant is required to satisfy the definition. As such, you might have to reach a minimum level of disability, you might have to demonstrate your inability to perform daily living tasks or you might have to attend rehabilitation or seek advice from an independent specialist. The fine print of a TPD policy is seemingly endless and complicated.
The process of submitting a claim can be an extremely lengthy one if you don’t follow the necessary steps and meet the requirements as defined in the insurance policy. We frequently find that our clients will initially attempt to make a claim by themselves before referring to the experienced team at Revolution Law to ensure a successful outcome.
If you have submitted a TPD claim only to be denied by the insurance company for not satisfying the conditions of their policy then we may be able to help appeal this decision to obtain a favourable outcome. Self-litigating can not only extend the process but can significantly increase the chance of an unsuccessful claim particularly as the first attempt to claim is so important.
Should you wish to discuss your options then call today on 07 3416 4999 and chat with one of our friendly lawyers.
ASK ABOUT YOUR CLAIM TODAY
We offer a free meeting with one of our compensation lawyers on a no-obligation basis. We are confident in our expertise, client rapport, operating policy, and ability to get great results.