When a person passes away, a “death benefit” is often payable from their superannuation.

This comprises contributions made to the fund during their time working, as well as applicable payment from any policies associated with their super account.

Who can make a claim?

There are a number of people who may be eligible to make a claim, including:

• The person nominated as a beneficiary of the super fund by the deceased
• A person dependent on the deceased, such as a child or partner.

It is also possible for the person themselves to make a claim in cases where they have been diagnosed with a terminal condition and have a life expectancy of less than two years.  This situation can apply to many different health conditions and the person will require supporting documentation from their medical practitioner.  This can be an extremely challenging time, and having access to superannuation can help relieve financial stress and hardship at a time when there are other things to be worrying about.

Benefits

Typically, a death benefit payment will include:

• The person’s superannuation contributions
• If applicable, a payment from the insurance fund attached to the account.

There may be an option to receive this as a lump sum or income stream if you were a dependent of the person.

We are very aware that this is a highly emotional time and are committed to making the process as smooth and stress-free as possible.  We’re experienced in dealing with these types of death benefit claims and can help you get the best possible outcome with a minimum of fuss.