Insurance & Superannuation
Insurance & Superannuation
Superannuation contributions are preserved until you retire. However, in some circumstances, you can make a claim to get early access to your super fund.
Many Australian superannuation policies, allow for monetary compensation for their members if they become sick, injured, or in the worst case, pass away. However, often, members don’t realise that their superannuation fund offers this type of cover. If you have recently become injured or sick, resulting in a loss of income, it may be worth seeking legal advice to understand better your superannuation options.
How to Withdraw Your Superannuation Early
Here at JD Legal, we understand that the laws surrounding superannuation can prove to be involved, but we’re here to help navigate you through your insurance entitlements. Our team ensures your confidence and comfort when making your superannuation claim, to help you gain access to your monies in your time of need.
You may be able to gain early access to your insurance payout from your superannuation due to an illness or disability. However, there are time limits for such claims, so you must seek professional legal assistance quickly.
What Are You Entitled To?
Your superannuation entitlements may include a lump sum payout or ongoing financial benefits. Both can help ease the financial strain of not being able to work, for you and your family. You may also be entitled to continuing financial assistance or a lump sum from an insurance policy such as income protection, sickness, or accident insurance. Our team will work with you to assess your needs, working with you to make any additional claims to compensation you may have.
Depending on your superannuation policy, you could be entitled to the following:
- Your employer was paying compulsory superannuation, and you have suffered a work-related injury or illness that has prevented you from working for six consecutive months.
- You have entered into your own private contract of insurance for income protection or disability insurance
- A person or relatives, such as a parent or partner) passes away and you wish to claim benefits from the deceased’s superannuation fund or private insurer
- You are under 65 years of age (depending on your policy)
At JD Legal, we understand the importance of efficient filing of insurance and superannuation claims. We take the time to ensure that you are well aware of all your benefits and rights. We have helped hundreds of South Australian’s claim significant settlements from every large Australian insurer. And we are proud to offer our clients specialist experience and knowledge, to ensure a successful outcome.
Our team can represent you during the assessment process, ensuring that your superannuation claim is handled fairly and reasonably. Alternatively, if you are already in dispute with your insurer or superfund, we can help you with your entitlement requests.