Published 04 Aug 2015
Many people are unaware that superannuation funds often contain policies to support members who become too sick, injured or disabled to work. In other words, if you're unable to return to your job because of an accident or illness, you could be entitled to benefits through a superannuation claim.
There are a number of different types of financial aid you may be eligible to receive, including income protection and critical illness cover. Compensation for total and permanent disabilities (TPDs) may also be available.
Your policy may even provide support for your loved ones through death benefits should the worst happen. This can provide much-needed assistance to your family and other dependents at a very difficult time.
However, understanding what your entitlements are under a superannuation policy can be tricky. As such, you should always get in touch with a specialist law firm who has experience dealing with such claims.
Why do I need a law firm?
Even though you may be eligible for benefits through your superannuation fund, your claim can still be rejected. Some people are often tempted to give up in these circumstances, particularly if the claims process has already been lengthy and stressful.
A dedicated lawyer can help you navigate the complex landscape involved when making a superannuation claim. After all, the benefits could be crucial to ensuring your financial security, both now and in the future.
For example, if you suffer from a TPD, you may require money for lost wages, medical costs and care expenses. Depending on the nature of the accident that caused the disability, you could also be eligible for compensation for pain and suffering.
It's not uncommon for TPD claims to result in payouts worth hundreds of thousands or even millions of dollars.
I think I'm eligible. What should I do?
Law firms such as Gerard Malouf & Partners have a long history of helping people pursue superannuation disputes when their fund or insurer has rejected a claim.
We even have a dedicated website designed specifically to cater to our clients who require this specialist service. Our no-win, no-fee structure also means you won't have to cover legal expenses until you're awarded a settlement.
If you would like to discuss your case, we offer a free no-obligation consultation, in which we can tell you the best way to proceed. You can contact Gerard Malouf & Partners on 1800 004 878 or visit www.superannuationdispute.com.au for more information.