If you are no longer able to work and no longer able to perform all duties of your usual occupation full time, you may be entitled to a significant lump sum benefit in addition to any workers compensation or weekly or monthly superannuation payments being paid to you already.

Everyone knows these days that their employer is required to make compulsory contributions to a superannuation fund on their behalf. What many people don’t realise is that in addition to their own account balance that they have built up over time they may have very valuable insurance cover as well for total and permanent disablement (TPD). If you look at your Membership Benefit Statement (before you ceased work) you will see the amount of TPD cover you have listed separately to your account balance.

If you can't work because of injury or illness then you could be entitled to claim this lump sum amount for TPD. That is in addition to your account balance and in addition to any other benefits you may have already received at, for example, workers compensation.