Related Claim Stories
Part 2
After six years of living with MS Sandra’s health had worsened and she was no longer able to work as a consultant. With the help of her financial adviser a claim was submitted for TPD and was successful based on the fact that due to her medical condition Sandra was no longer able to work in her usual occupation. The $1.5m payment was used for modifications to the family home to allow Sandra to continue living there. An amount was invested for future medical costs. Andrew was also able to take six months off work to help them at this difficult time.
Sandra’s symptoms increased in severity over the next few years and her mobility became impaired. Sandra and Andrew agreed she would need to move into full time care. The funds that had been invested from her TPD claim two years earlier were vital in helping make that decision. Facilities for young Australians with long-term 'high care' needs are costly and rare. Fortunately, with the payment Andrew was able to secure a place for Sandra in suitable accommodation, and ensure Sandra had the 24/7 care she required on an ongoing basis.
Due to the severity of her condition, Sandra was also able to access
her super savings as a lump sum. Combined with the money invested
from their TPD payment, Sandra and Andrew used this to purchase
a second property - an apartment for Andrew closer to where Sandra
was being cared for. As well as moving nearby, the financial flexibility
allowed Andrew to take an extended leave of absence from work over
the transitional period into full time care.
This financial security meant they were not forced to sell their family home. Andrew now lives within walking distance and visits her every day.
Disclaimer
This information is current as of 21 September 2007. It has been prepared without taking into account your objectives, financial situation or needs. Before making a decision based on this material, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs.
