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Income protection insurance

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Tallis, 6th Jun, 2014.

  1. Tallis

    Tallis Member

    Joined:
    8th Oct, 2013
    Posts:
    10
    Location:
    Melbourne
    Good morning, having accessed my income support insurance due to a cancer diagnosis, payments have ceased due to the 2 year time limit covered by my plan.
    Should I be expected to continue paying the monthly premiums automatically taken out of my super account?
    I don't believe I can access income protection again, I am on a disability pension now, is it the norm to continue paying for an insurance I will not be able to access again?
     
  2. Christianrenel

    Christianrenel Active Member

    Joined:
    13th Jan, 2015
    Posts:
    31
    Location:
    Sydney
    Making a Claim

    Hi Tallis,

    If your income protection is still in force, you may be able to claim underneath the policy with regards to different injury.

    e.g. From your post you had cancer and you have made the maxmium claim against the policy. You may be able to make a claim under a unrelated disease such broken arm.

    Kind Regards


    Christianrenel


    christianrenel@pricefinancial.com.au