Many Australians have been forced to cancel travel to China or are reconsidering travel to other locations all over the world to avoid exposure to the virus. So how will this affect any travel insurance in place?
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Some superannuation funds, but not all, allow you to access some of your super prior to retirement. REST Super has now changed its rules on early access to super.
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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.
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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.
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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.
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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!
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