MLC Life has paid a $1.4 million total and permanent disability (TPD) insurance claim to former AFL player Shaun Smith for brain damage caused by match concussions. In a statement, the insurer says it received Mr Smith’s TPD claim in April. “Following our assessment of his medical and employment circumstances we were pleased to admit [...]
When Queensland stonemason Garry Moratti was diagnosed with silicosis in 2017, the message from his doctor was clear – either give up work or die. So Mr Moratti was forced to abandon the career he had enjoyed from the age of 15 as he battled the lethal lung disease, which has left him with a [...]
ASIC found that TPD insurance isn't delivering for mental health claimants Need to know A recent ASIC report has found people claiming total and permanent disability (TPD) insurance for mental health conditions through their superannuation faced poor outcomes Those working in the field say it's extremely difficult for a mental health claimant to succeed where [...]
There’s been a lot of bad press recently surrounding total and permanent disability (TPD) cover with some products offered by insurers less likely to bring payouts to sufferers. This is the case whether they have TPD injuries to their back, neck, or shoulders working as pickers or packers, or in warehouses; those with cleaning [...]
On 1st July 2019 you could lose your cover and benefits within your superfunds. If your superannuation fund hasn't received a contribution for 16 months, that membership will become inactive and you will not be covered for benefits such as total and permanent disability and income protection. The new rule was made to protect funds [...]
