Reply With QuoteThat should be correct. Except, death benefits usually only pay on death, not TPD.
If the policy as you have stated, covers death benefit & TPD, then yes.
It's all in the wording of the policy.
Superannuation question
Really simple superannuation question, and just want to confirm I've understood the situation correctly.
Hypothetical: $100,000 in super account. $50,000 death or total permanent disabled benefit. At preservation age, $100,000 is paid. But if you die or become TPD'ed, beneficiaries get $100,000 + $50,000, correct?
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That should be correct. Except, death benefits usually only pay on death, not TPD.
If the policy as you have stated, covers death benefit & TPD, then yes.
It's all in the wording of the policy.
Cheers, Tiny
"You can lead a person to knowledge, but you can't make them think? If you're not part of the solution, you're part of the problem.
The information is out there; you just have to let it in."
mitaux8030 (31-05-19)
Seriously, it is all in the wording of the policy. If you are not sure, it would be worth getting professional advice i.e. legal advice. Because we, here, could be way off the mark without actually seeing the policy as written,
I'm out of my mind, but feel free to leave a message...
Tiny (31-05-19)
The question is Mitaux, are you planning on killing or just hurting yourself for the cash?
I got a similar problem. I just haven't worked out how to be dead and collect my money.
Yes I am an agent of Satan, but my duties are largely ceremonial.
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