Super and Life insurance
Hello Pink sisters, I have had some days really down but other days very proactive. I never wake knowing which one is going to happen.
I spent hours on the phone this morning (telling myself it’s do or die and bloody ask the difficult questions) have been sacred to ask questions up until now, so I phoned my life insurance company TAL (hopeless) and then my work superannuation which is GESB.
Once again I was on the end of a phone call from someone who understood my questions and gave me so much information I am very grateful.
Stage four is terminal but we all know we can be alive and kicking in 10 years from now. Insurance companies do not care so all you have to do is get two signatures one being GP and one being oncologist to say it’s terminal on the form. Don’t forget you have paid the premiums for many many years.
I think once diagnosed with Stage 4 in the long run and could be years or even decades I die of it one must arm up and understand what is available. Stage four is terminal, I am divorced and have 5 wonderful children and my goal always in my life has been to provide for my children.
I don’t have much but it could be well used as a kick start for a deposit to buying a house or something on those lines for each child. I am just suggesting that everyone takes a spoonful of courage and addresses what is available for you in monetary terms with a cancer.
Even in this day and age with technology and resources from a key board this area I feel is not clear and many women may be going without as they are not informed of their rights once cancer stage 4 is established.
Or many women are still not understanding what maybe attached to their work super fund. Any questions please ask.
There are life insurance companies that release a portion of cover just to recover from cancer. It’s worth a phone call.
All the best Sarah54
Comments
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Dear Sarah,
It’s Lisa from the Policy Team. Thanks so much for posting about your experiences accessing your superannuation. It’s great that you shared this information with other women on the Online Network who may wish to do so too.
As you said, women living with secondary breast cancer may be eligible to receive their lump sum superannuation tax free. We have developed the fact sheet Tax-free superannuation payments for people with a terminal illness, which provides information for women who may wish to explore accessing their superannuation early.
There is also an article about accessing superannuation early in Issue 32 of The Inside Story, which provides more information as well.
Warm regards,
Lisa0 -
Dear Sarah,
It’s Lisa from the Policy Team. Thanks so much for posting about your experiences accessing your superannuation. It’s great that you shared this information with other women on the Online Network who may wish to do so too.
As you said, women living with secondary breast cancer may be eligible to receive their lump sum superannuation tax free. We have developed the fact sheet Tax-free superannuation payments for people with a terminal illness, which provides information for women who may wish to explore accessing their superannuation early.
There is also an article about accessing superannuation early in Issue 32 of The Inside Story, which provides more information as well.
Warm regards,
Lisa0
