Death Benefit Claims
If your family member was working, had an up to date superannuation account, they nominated you as their next of kin and they pass away then the chances are they may have Death insurance as part of their Superannuation policy and YOU may be entitled to their full Death compensation payments.
What is a Death Benefit Claim?
Death Benefit claim is a type of Life Insurance benefit that many Australians have as part of their Superannuation policy however they are unaware of it. It allows eligible family member(s) to make a lump sum compensation claim for the death of their family members.
In simple terms, if someone has Death Insurance then upon their death, the beneficiaries may be entitled to death benefit compensation amount.
How would I know if my family member has a Death Insurance Cover?
The simple way is to contact their Superannuation provider and confirm whether they had Death Insurance Cover as part of their Life Insurance Policy.
You can also check on their annual Superannuation statements whether they were covered under this policy or not.
How much will I get paid from the deceased Death Insurance Claim?
This depends on their death insurance policy, member’s age, profession and salary. Every eligible member will be covered for a different amount.
You can check your member’s insurance coverage by checking with their Superannuation provider or again it will be declared on the annual Superannuation statement.
The Death benefit may also differ depending on the “Date of Claim” ie; date of deceased death.
Which family member will receive the Death Benefit payment?
This depends if the deceased member nominated a member as their beneficiary. If a beneficiary is nominated then they will get paid the lump sum amount.
If no beneficiary is nominated then the benefit will be paid to one or more of the dependants who relied on the beneficiary for financial support.
If you want to know whether you were the nominated beneficiary for your family member then get in touch with us and we will be able to assist you.
How do I make a claim for Death Insurance Cover
Every Life Insurer has different procedure as to how someone can make a death claim.
They have specific policies and guidelines confirming who can and cannot get a Death Insurance Claim. It is important to understand the Insurance policy and review the policy yourself or get help from a lawyer.
The policies can be complex and difficult to understand. Hence if someone is covered for Death Insurance, it doesn’t automatically mean the beneficiary will always get the Death claim payment.
How much will it cost to make a Death Insurance claim if I hire a lawyer?
We offer a No Win, No Fee* arrangement for all Death Benefit claims because we believe anyone with a claim deserves access to legal representation, no matter their financial circumstances.
This means you don’t have to pay our legal fees unless your claim is successful.
For more information on our guarantee to you, don’t hesitate to contact us for a confidential and obligation-free discussion.
Are there any time limits to making a Death Benefit Claim?
Strictly speaking, no time limit applies. However, we suggest making your claim as soon as possible to avoid any delay
To maximise the chance of a successful claim, you should seek legal advice from our experienced lawyers as soon as possible.
