Terminal Illness in Superannuation

Understanding Terminal Illness Claims Within Superannuation

Facing a terminal illness is an emotionally challenging experience, and understanding the financial support available through superannuation can provide essential relief. Claimsplus Lawyers offers a comprehensive guide to help you navigate terminal illness claims within the context of superannuation.

Key Insights into Terminal Illness Claims

Purpose and Definition

A terminal illness claim in superannuation enables members to access their funds early if diagnosed with a terminal medical condition expected to result in death within 24 months.

Medical Certification Requirements

To qualify for a terminal illness claim, you must obtain:

• Certification from two registered medical practitioners, one of whom must specialize in the relevant medical field.

• Documentation confirming the terminal nature of the condition and its expected progression.

Critical Considerations for Terminal Illness Claims

Aim for Financial Relief

These claims provide vital financial support during challenging times, enabling members to:

• Cover medical expenses.

• Settle outstanding debts.

• Provide financial assistance to loved ones.

Tax Implications

Funds accessed through a terminal illness claim are generally tax-free, ensuring the full benefit is available to support the member.

Insurance Impact

Making a terminal illness claim may affect related insurance policies, such as:

• Life Insurance: Claiming super may reduce or cancel associated life insurance cover.

• TPD Cover: Total and Permanent Disability benefits may no longer be available.

Guidance from Claimsplus Lawyers

Navigating the complexities of a terminal illness superannuation claim can be daunting. Claimsplus Lawyers specialises in superannuation claims and provides:

• Expert advice tailored to your situation.

• Compassionate and clear guidance through the claim process.

Whether you’re considering a terminal illness claim or seeking answers to related questions, our team is here to support you.

Contact Claimsplus Lawyers for Assistance

For expert guidance on superannuation claims and entitlements, contact us today:

For any inquiries or additional support regarding terminal illness claims in superannuation, contact Claimsplus Lawyers directly. Our experienced team can:

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