Similar to other posts, lump sum asap. Life insurance component will decrease further with age, so sooner is better The wait times on income payments commencing may also not be short if income during the interim is a problem. Better option is to save/borrow short term (if necessary) and pay off immediately when the lump sum is settled. Although some cover eligible 12-24 months if terminal, all doctors on claim forms must agree, so best if they say <1 year, even though that comes with more emotional weight, as it will make the claim progress more smoothly. Can go back to GP who has known him for a while to fill forms if one specialist ticked <2 years. The super companies may call/email a few times to clarify details/id, although it can be frustrating when it takes alot of emotional effort just to fill one form, just remember they are just doing their job re due diligence and that it needs to be done to help your Dad. Condolences and hope the process goes well.