Navigating Total and Permanent Disablement (TPD) Claims: A Compassionate and Cost-Effective Approach

At Newcastle Advisors, we're committed to supporting Australians through their most challenging times, especially when it comes to making a Total and Permanent Disablement (TPD) claim. We understand the frustration and vulnerability that comes with navigating this process, and we're here to offer a more compassionate and cost-effective alternative to high legal fees.

The Problem with Legal Fees

It's disheartening to see vulnerable Australians, already struggling with conditions like PTSD, depression, anxiety, and cognitive impairments, being burdened with exorbitant legal fees. Some lawyers charge a fixed fee of $25,000 just to complete and submit a claim form to the insurance company or super fund. This fee can increase by 25% if the insurance payout is successful. On top of that, these lawyers often prioritize their payment above the client's financial well-being, even charging interest at 2% above the RBA cash rate for unpaid bills. This approach can leave clients in a worse financial position than before.

A Better Alternative: Financial Planners

Financial planners offer a comprehensive and more affordable solution. Here’s how we can help you through the TPD claim process and beyond:

1. Claims Management We have established relationships with super funds and insurance providers and are experienced in managing claims. We ensure your claim form is correctly completed and submitted, without the exorbitant fees.

2. Ongoing Support: Our assistance doesn't end with the submission of your claim. We help you navigate the tax implications of accessing your TPD insurance from your superannuation fund, ensuring your super fund applies the tax-free uplift where possible.

3. Financial Planning: We provide personalized financial advice, helping you understand the impact of withdrawing money from your super or starting a pension with a regular income stream. We also consider how this will affect any other benefits you may be receiving, like workers' compensation or a disability support pension.

4. Investment Advice: We assist in constructing an investment portfolio tailored to supplement your disability support pension, ensuring your capital lasts as long as possible.

5. Living Arrangements and Cashflow: Whether you're considering renting or purchasing a home, we help you understand the financial implications and plan accordingly.

6. Estate Planning: We ensure that your wishes are honored and that the funds from your insurance payout are distributed in the most tax-effective manner possible.

A Holistic Approach

At Newcastle Advisors, our holistic approach ensures that you’re not just getting help with a claim form, but comprehensive support for your entire financial journey. Our services cost significantly less than what a lawyer would charge for just submitting a claim, and we offer the peace of mind that comes from knowing you have a dedicated team supporting you through every step of the process.

Reach Out to Us

If you or a loved one are struggling with a TPD claim and need professional, compassionate support, don't hesitate to contact Newcastle Advisors. We've successfully supported clients with TPD claims across WA, Canberra, the Sunshine Coast, Sydney, and Newcastle. Let us help you navigate this challenging time with the expertise and care you deserve.

Contact Newcastle Advisors Today

Reach out to us to learn more about how we can support you through your TPD claim and beyond. Together, we can ensure that you receive the financial support and peace of mind you need to move forward with confidence.