By 1 December 2019, super funds have to notify members with small accounts that their death and disability insurance cover will be cut off on 1 April 2020, unless they tell the fund they want it to continue.
Read More
As a result of a spike in TPD claims from around 2011 to 2013, many insurers in recent years have changed and tightened their definitions of TPD to make claims harder to win. One very notable change is the introduction of re-training clauses.
Read More
In the last 5 years, there is a worrying trend creeping into Total and Permanent Disability insurance benefits of imposing a much harsher ‘Activities of Daily Living’ (ADL) test.
Read More
Usually your super, which includes your account balance and any superannuation death benefits will be paid to your dependents when you die. But not always!
Read More
Many people think that life insurance policies will not pay out when death is caused by suicide. This is not always the case.
Read More
Significant changes to insurance in super from July this year sees any inactive account with continuing insurance cover, having that insurance switched off on 1 July 2019 unless...
Read More