CLAIMS ASSISTANCE VS SOLICITORS

There is an increasing trend for solicitors and lawyers to offer their services for insurance claims. The question is why seek our help instead of a law firm. As we work in the insurance industry we have strong relationships with insurance companies. We know...

RECEIVING A CLAIM BENEFIT FROM SUPERANNUATION

When a TPD claim is paid into superannuation and the benefit is withdrawn from superannuation the benefit amount may be subject to tax. Before a benefit it paid it is worthwhile considering how much money is needed, and seeking advice for this. ​Seeking this advice...

INCOME PROTECTION – OFFSET CLAUSE

Some income protection policies have an offset clause, where the insurer will offset any other income against the potential claim, and some insurers will let you nominate when the income protection benefit will start from. Being able to negotiate and nominate these...

DEATH BENEFITS FROM INCOME PROTECTION POLICIES

Some income protection policies provide for a death benefit. This is normally six times the insured value and is capped at a certain amount. ​Different insurers and policies provide for different features, and these benefits. Income protection policies within...

TERMINAL ILLNESS

Life insurance policies often prove a terminal illness benefit. If the insured has a terminal illness they will have the option to access the sum insured before they pass away. There are requirements which need to be met to ensure this payment is made. There have been...

BT DECLINES IN REVIEW

BT – a subsidiary of Westpac – recently were reported as having the worst record out of all insurers for declining Total and Permanent Disability Claims. They have subsequently passed all of the TPD claims that were declined over the last 3 years to an...