Super TPD and death insurance cut off 1 April 2020
Many superannuation fund members will have valuable TPD and death insurance switched off on 1 April 2020 unless they tell their fund they want to continue the cover.
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06 March 2020 -
Does travel insurance cover coronavirus (Covid-19)?
28 February 2020 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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REST Super and early access to funds
02 January 2020 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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Is your Superannuation insurance cover getting cut off?
03 December 2019 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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Retraining Clauses in TPD insurance policies
20 November 2019 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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Activities of Daily Living creeping into TPD insurance policy definitions
25 October 2019 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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