Life can become very difficult if you cannot work because of an injury or illness. Without a constant source of income, you might find it challenging even to meet the necessities.
And that is why most companies have a superannuation fund policy. It is a pension program that keeps growing until retirement without involving taxation. Also known as a company pension plan, it’s an effective way of saving money.
When you are injured, or ill, you can make a total and permanent disability (TPD) claim through the superannuation fund. You could contact Attwood Marshall Lawyers or a similar law firm to help you with the process.
But why do you need an attorney to help you with the claims process when you could manage it yourself? How can they help you, and why should you consider hiring one? Read on to find out.
How can a lawyer help you for Filing a TPD Claim?
You should consider hiring a lawyer to claim benefits for the reasons mentioned below.
The process can be complicated
Even though claiming a benefit sounds pretty straightforward, it involves plenty of complexities you might have been unaware of previously. You will need legal expertise and knowledge to help you out in those circumstances.
For example, what happens if your insurer decides to reject your application? Or do they delay it unjustifiably for some reason? What options are you left with in those situations?
Terms and conditions might vary
If you didn’t already know, the terms and conditions related to TPD benefits would vary between companies’ insurance policies. An experienced superannuation lawyer will offer expert legal advice on your right to an insurance benefit payout.
Proving your illness
Before your insurer provides you with the benefits, they will ask you to prove your illness or disability. Your lawyer will determine if your medical condition or inability to work meets the TPD policy.
You can depend on your attorney to collect evidence, provide submissions on your behalf, and keep constant track of the claim’s progress. They will help you understand the insurance policies you have and their benefits.
For example, if you make an Insurance Protection Claim or salary continuance payment, you are entitled to receive 75% of your total income for a specific period (which is as less as two years or till your retirement age).
Most lawyers believe it is better to seek legal advice early rather than later when things get complicated and technical complications to arise. However, they will ensure you receive the benefits you are entitled to.
Types of superannuation and insurance
If an injury or illness makes you incapable of doing any work, you are entitled to different kinds of permanent disability benefits besides TPD like Income Protection Insurance, Life Insurance or Death, Trauma, or Early Release of Superannuation.
The time limit for making the claim
TPD benefits don’t usually have a time limit, but most lawyers agree and are unanimous about the benefits of filing one soon after an accident. If your insurer has rejected an application, you must challenge the decision within a fixed time.
How much would an attorney charge you?
Lawyers have a specific fee structure according to which they provide their services. It is better to look for those who offer a no-win, no-fee service, which means they receive their fees only after you get your benefits.
Contacting Attwood Marshall Lawyers or a similar law firm will help you receive the TPD or other benefits. They will offer you legal advice, contact your insurer on your behalf, provide submissions, and ensure you get the compensation you deserve.