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My husband had a motorbike accident & he got TPD & IPP insurance payouts out of 3 of his supers. He has 12.
Going forward we need to roll remainding supers into one account.
But need to find someone who can find us a new superannuation provider who will cover him incase of anything in the future (he is only 38) and won't wipe him because he has had previous claims?
Please help!
Thanks
Ms S Robbo
Responses
Hi Sam, I'm sorry to hear about your husband's case. I'm glad you were able to access TPD payouts though.
The difficult part of finding new cover is going to be his previous claims. No doubt they were very serious, especially being able to claim a TPD policy.
Without knowing the details of his previous conditions, it's hard to give specific direction. However, there are a couple of things you can do.
1. Call a major industry fund such as Australian Super (largest around) or another industry fund, and ask the question: 'with the automatic acceptance cover, does it cover "pre-existing conditions" '. The customer service person 'should' know. But always request the PDS and search it anyway.
2. You could consider an 'accident only' type policy, which, as the name suggests, only covers for accidents. This type of protection doesn't take into account previous medical conditions (in general), but a previous claim may impact on the ability to get this cover depending on what it was.
But I would suggest trying point 1 first and hopefully that should be able to help you.
I hope your husband is getting better.
Thank you so much!