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Claude

Claude is a publisher and finance journalist for finder.com.au. Although she can't provide personal advice, she aims to advocate the importance of having life insurance as a safety net. She loves cats.

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Hi M, If you are an Australian resident working overseas, you may be covered by your life insurance provider. However, it is important that the nature of your employment is known by your provider at the time of application. Different providers will have different terms and conditions in regards to cover for Australian expats. So, it is worth checking with your insurance provider to have a clear understanding of what your options might be. Hope this helps. Let me know if you have any other questions.

Commented on Can Non-Australian Residents and Australians Overseas Buy Life Insurance?

Hi Matthew, Thank you for your enquiry. Unfortunately, we are not a representative of TAL Life Insurance as Life Insurance Finder is a financial comparison service website. You may wish to get in touch with the TAL's support team to obtain more information on your life insurance policy. You can contact them on 1300 209 088, Monday to Friday from 8.30am to 5.30pm. Hope this helps.

Commented on TAL Superannuation and Accelerated Protection Life Insurance

Glad we can help, Godfrey!

Commented on When Can I Access My Super?

Hi Godfrey, Thank you for your enquiry. There are strict rules in place if you are looking to access your superannuation benefits early. To be eligible for an early release of your super, you must satisfy a condition of release, which could be either of the following:

  • You are retiring, after your preservation age that is currently set at 55 years of age (which may increase to 60, depending on your birth date);
  • You are turning 65 years of age and taking a transition to retirement; or
  • You are suffering from a severe a financial hardship, which does not apply for individuals living outside of Australia.
Taking into consideration your current situation, you may only be able to get your super early if you can provide documentation to declare that you have retired, even if you are able to prove that you are no longer living and employed in Australia. It is important to also contact Australia's Department of Human Services to get more information tailored to your situation. Hope this helps. Let us know if you have any other questions.

Commented on When Can I Access My Super?

Hi Dianne, Life Insurance Finder is a financial comparison service website and unfortunately, we are not a representative of Colonial Mutual or Commonwealth Bank. I've sent some details to your inbox that can help you get in touch with the support team of Commonwealth Bank directly. All the best.

Commented on CommInsure Life Insurance – Compare Life Insurance and Income Protection from Comminsure

Hi ZB, I am very sorry to hear that! Unfortunately, Life Insurance Finder is a financial services comparison website and we are not representatives of TAL. Income protection policies obtained through superannuation generally do not offer cover when you are made redundant. You may wish to get in touch with super fund to discuss options that may be available to you for support at this difficult time. Your super fund may allow you to suspend your cover while you are looking for a new employment, however this will vary between funds. So it is important to contact your super fund for additional information. We wish you all the best and good luck in securing your next employment!

Commented on TAL Income Protection

Hi Hatterville, Thank you for your question. Unfortunately, I am not in position to provide a tailored advice on superannuation and TPD based on your circumstances. You may wish to speak to a lawyer or authorised super fund representatives to provide tailored recommendation on your next steps. Generally speaking, you may still be able to obtain TPD cover, however, you will be required to complete a medical assessment due to your pre-existing medical condition and a loading may be applicable on your premiums. We apologise for not being able to be of assistance at this time. All the best.

Commented on TPD Claims – Steps to a Successful Claim for Total and Permanent Disablement Cover

Hi Louise, Thank you for your enquiry. Life Insurance Finder is a financial comparison service website and we are not a representative of AMP. From my own personal experience in rolling over my existing super to another super fund in the past, I was also asked to provide certified copy of my identification (in which I provided a copy of my passport to show the DOB). This is usually required so that the super fund representatives are able to process your rollover knowing that you are the authorised person to do and as an added layer of security against fraud. It might not be very convenient, however, I took solace that at least there was a system in place to make sure that my super balance is safe! We wish you all the best with the rollover - let us know if you have anymore questions.

Commented on AMP Flexible Lifetime – Super

Hi Linda and Rogin, Unfortunately, Life Insurance Finder is not a representative of CommInsure. I have sent some details to your inbox that can help you get in touch with the support team of Commonwealth Bank. All the best.

Commented on CommInsure Life Insurance – Compare Life Insurance and Income Protection from Comminsure

Hi Simone, Your original nominated cover amount is the amount that you would like to be covered for at the time of application. So, for example, if you applied for $500,000 TPD cover, this will be the amount that will be payable upon a successful claim. However, should you decide to reduce your cover to $250,000 while your policy is in force and the new amount has been approved by the insurer, then this will be the amount that is payable when your claim is accepted. If you have more questions, don't hesitate to ask!

Commented on TPD Claims – Steps to a Successful Claim for Total and Permanent Disablement Cover

Hi there, Have you checked whether you also have income protection cover through your super? It might worth looking into as your condition may also warrant a basis of claim for income protection. Consider speaking to your super fund's representative directly to get to the bottom on why they continue to send you incorrect forms. Speaking to a lawyer might also help you to know what your options are. All the best and let us know how you go.

Commented on TPD Claims – Steps to a Successful Claim for Total and Permanent Disablement Cover

Hi Simone, While the time to process a TPD claim will generally vary between providers, due to the nature of the claim itself, the agreement of both you and the insurance provider on the sum-insured will be honoured. This means, no matter how long the claim assessment takes, the original nominated cover amount will remain the amount that is paid by the provider once the claim is settled. However, it is important to note that should you increase or decrease your benefit amount while your policy is in force and the new sum-insured has been accepted by the provider, this new amount will be the basis of the payout when you submit your claim. Let us know if you have anymore questions.

Commented on TPD Claims – Steps to a Successful Claim for Total and Permanent Disablement Cover

Hi Simone, Thank you for your question. Upon a successful TPD claim, the policyholder is entitled to the benefit amount as nominated at the time of application. Hope this helps.

Commented on TPD Claims – Steps to a Successful Claim for Total and Permanent Disablement Cover

Hi Jeff, We are very sorry to hear that and we wish you a very speedy recovery. Have you considered speaking to an insurance adviser? They can provide tailored advice and recommendation on policies that may be suitable to your needs and situation. Most importantly, you also have the option to compare quotes from multiple providers. You may still be required to complete a medical questionnaire and examination though, and additional loading may still be applicable due to PTSD and the medication you are on. It is important to note that some insurers may still consider your application, so don't give up just yet! You can get a free advice by speaking to one of our insurance advisers - you can contact us directly on 1300 736 092 or submit your details through the enquiry form here. All the best Jeff!

Commented on Life Insurance for Diseases and Medical Conditions

Hi Adam, Will you be able to clarify your question? Thank you.

Commented on Can You Get Income Protection Insurance for Redundancy in Australia?

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