Retail & Direct Life Insurance Claims

Retail Insurance Claims Support

Retail insurance is a personal policy between the life insured and the insurer, typically arranged through a financial advisor. These policies—covering life, income protection, and trauma—often offer broader coverage and fewer restrictions compared to super insurance policies.

If you’re looking to make a retail insurance claim but feel overwhelmed by the complexity, or if you want to maximize your claim’s success and payout, expert guidance can make all the difference.

Expert Life Insurance Claims Lawyers

Navigating a life insurance claim can be complex and overwhelming. Having a dedicated life insurance claims lawyer by your side ensures you get the support and expertise you need during difficult times.

Why Choose YourTPD Lawyers for Your Life Insurance Claim?

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Specialised Expertise:

Our team consists of life insurance claim lawyers who have a deep understanding of the insurance industry and the intricacies involved in life insurance claims. This expertise ensures that your case is handled with the knowledge and attention it deserves.

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Comprehensive Support:

From the initial consultation to the resolution of your claim, our life insurance claims lawyer is with you every step. We strive to provide comprehensive support, making the process straightforward and stress-free.

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Maximised Claim Potential:

With a lawyer for life insurance claims from YourTPD Lawyers, you benefit from professional advice aimed at maximising your claim’s potential. Our goal is to secure the best possible outcome for you, ensuring your rights and interests are protected.

Our Life Insurance Claim Services

At YourTPD Lawyers, our services cover every aspect of the life insurance claim process. Whether you’re dealing with a contested claim, require assistance in understanding your policy’s fine print, or need representation in negotiations with insurance companies, our life insurance claims lawyers can provide the assistance you need.

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Policy Review and Advice:

Understand the scope of your coverage and any potential issues with our policy review service. Our lawyers will explain the terms of your policy and provide clear, actionable advice.

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Claim Preparation and Submission:

Preparing and submitting a life insurance claim can be daunting. Our team ensures your claim is accurately prepared and submitted, adhering to all policy and legal requirements.

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Dispute Resolution:

If your claim is disputed or denied, our life insurance claim lawyers possess the negotiation skills and legal expertise necessary to challenge the insurer’s decision effectively.

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More ownership options

Retail insurance provides a range of ownership options, including individual, joint, SMSF, and superannuation trustee ownership. This flexibility allows for strategic tax planning and the ability to adapt as your personal circumstances evolve.

Unlike group insurance—typically owned by an employer or superannuation trustee—retail insurance gives you greater control over your policy, ensuring it aligns with your needs and financial goals.

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Renewable contracts

Insurance through super is typically arranged between the employer or superannuation provider and the insurer, with contract terms periodically renegotiated or re-tendered. This means coverage terms may change over time—sometimes unfavorably.

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Premium flexibility

Most superannuation-based insurance policies only offer age-based or stepped premiums, which increase over time. In contrast, retail insurance provides greater flexibility, allowing you to choose between

Retail life insurance policies are typically more expensive than superannuation-based insurance. However, this higher cost reflects the superior quality and benefits of retail policies, including

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Income protection definitions

Most insurance through super uses a narrow definition for benefit eligibility, focusing only on your ability to perform income-generating duties. This can make it harder to qualify for a payout.

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YourTPD definitions

When it comes to Total and Permanent Disability (YourTPD) insurance, retail policies provide broader and more flexible definitions compared to superannuation-based insurance

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Direct life insurance

You can buy life insurance directly from insurance providers. However, it’s important to understand that you have very little negotiating power as an individual with insurance companies. As a result, you may pay higher premiums than you would with either super or retail life insurance policies.

Direct life insurance policies may also have more exclusions built into them and may not require you to undergo a medical assessment until you make a claim. For example, any pre-existing conditions may exclude you from making a successful claim. Retail life insurance policies, on the other hand, usually require you to undergo a medical assessment as part of the application process. Once you are approved, you will have peace of mind knowing that you will be able to claim if necessary.

It’s important to do thorough research if you want to take out direct life insurance. However, this can be time-consuming and confusing to do. A large range of insurers and life insurance products is available in the Australian market. Even a tiny difference in policy terms and conditions can significantly affect the extent of cover you can get and the premiums you will pay.

Indexed Cover: Protecting Your Insurance Against Inflation

Most superannuation-based insurance provides age-based (unitised) cover, which decreases as you get older. This means your level of protection may decline just when you need it most.

Explore Our Specialist Services at YourTPD Lawyers

At YourTPD Lawyers, we provide expert legal services designed to help you navigate the complexities of insurance and superannuation claims. Our team of super insurance lawyers and life insurance claim specialists is committed to delivering comprehensive support across various claims.

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Claiming Income Protection Through Super:

At YourTPD Lawyers, our knowledgeable team is here to guide you through the process of accessing your income protection benefits via your superannuation fund. We understand the complexities involved and are committed to ensuring you receive the financial support you need during times of illness or injury.

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Total and Permanent Disability Superannuation Claim:

Filing a Total and Permanent Disability (YourTPD) claim can feel overwhelming, but you don’t have to go through it alone. At YourTPD Lawyers, our super insurance lawyers specialize in securing YourTPD benefits for our clients, offering expert guidance and strong representation to ensure you achieve the best possible outcome.

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Life Insurance Claim Lawyers:

Navigating a life insurance claim can be overwhelming, but you don’t have to face it alone. At YourTPD Lawyers, our life insurance claims lawyers provide expert legal assistance to ensure your rights are protected and your claim is resolved successfully.

Get in Touch with YourTPD Lawyers Today

Facing a life insurance claim can be emotionally taxing and complex, but you don’t have to go through it alone. With the support of a YourTPD Lawyers life insurance claims lawyer, you can navigate the process with confidence and peace of mind.

Start your free claim check

Top 5 Australian life insurers:

TAL Life Limited

27%

Market Share

95.8%

Accepted Claims Rate

AIA Australia Limited

18.9%

Market Share

96.8%

Accepted Claims Rate

Zurich

14.1%

Market Share

98.3%

Accepted Claims Rate

MLC Limited

10.9%

Market Share

96.8%

Accepted Claims Rate

Resolution Life Australia

8.4%

Market Share

97.1%

Accepted Claims Rate

Source – APRA Life Insurance Claims and disputes statistics