Any sudden disability or injury can be a devastating time for anyone, especially if you have a family relying on your income to pay for bills.
There are just so many expenses to manage, whether it be food, rent, mortgage, utilities, and the list is endless. Add to that the unexpected medical bills that may not be covered by Medicare. You may need to pay for extra physiotherapy sessions or long-term rehabilitation support. Perhaps you’ve had a family member or spouse take time off work to care for you which can further reduce your total income.
You’re already in a difficult situation with your injury and all of the financial problems may just be adding to the stress.
But hold on.
You’ve been working hard all your adult life. Surely there must be some help you can receive. Have you considered whether you could be eligible for some type of compensation?
You’ve probably heard about income protection and TPD, but what’s the difference between income protection and TPD? Which one is relevant to you?
What’s income protection?
Income protection is designed to maintain your existing lifestyle to some extent in the event that you lose the ability to work for an extended period of time because of an ongoing illness or injury. But you will not receive enough to replace your full income. It’s more of a temporary solution to support you in the short term, not for permanent and total disability
So, what is TPD? It sounds confusing
TPD is Total Permanent Disability. If you can no longer work the type of jobs you have done previously because of an ongoing permanent injury or illness, you may be eligible for a Total Permanent Disability Claim. This will be claimed through your Superannuation fund.
Specific criteria can vary depending on your Superannuation fund and your medical conditions. Most people are assessed to determine whether it is likely that they will ever return to work or if the injuries are significant enough to be classed as permanent. This requires you to prove with medical documents that you are unlikely to return to work within your education, training or experience.
That’s why it’s essential for you to visit your doctor and keep records of your injury or disability.
However, making a TPD claim can be a lengthy and complicated process. You can call us on (02) 9854 5552 and discuss your matter with us. Don’t worry, we understand your frustration, so we have decided not to charge you any money for your phone call.
So, pick up your phone and just call us. We will take care of the rest for you!
We understand your situation and will support you each step of the way.
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