Page 3 - ACI World Wide Salary Continuance Insurance

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Salary Continuance Insurance

ACI Worldwide offers Salary Continuance Insurance as part of the Employee
Benefits Package. Which means, premiums are paid by your employer.
Salary Continuance provides a replacement income in the event of an
illness or injury that prevents you from being able to perform your usual
occupation. The plan provides full protection whether you are working or
not, with coverage 24 hours per day, 7 days a week, worldwide.

ACI Worldwide has improved features within the policy effective 1st January 2019. Cover is also now
automatically extended to include all full-time and part-time employees. Membership of ACI’s MLC
superannuation plan is no longer required to participate.

What is the benefit? How does the plan work?
75% of monthly pre-tax income (plus a 10% If you become Totally or Partially Disabled, in
employer superannuation contribution benefit) paid accordance with the terms and conditions of the
after a 90 day wait to age 65. policy and as a result of injury or sickness, you will
become eligible to receive benefits under the policy.
Who is eligible?
• all current full-time and part-time employees What is Total Disability?
(working 15 hours or more per week)
You will be considered for ‘Total Disability’ if, due to
• employees who are Australian residents upon
injury or sickness, you are:
acceptance (unless agreed by MLC Life)
• unable to perform your Occupation; and
• employees aged under 65 years
• not otherwise gainfully employed; and
• under the regular care of a doctor
When does cover commence?

Immediately upon commencement of service for new
What is Partial Disability?
employees - subject to the Automatic Acceptance
Level (AAL) applicable to this plan and eligibility You will be considered for ‘Partial Disability’ if:
criteria above. • employment resumes after 14 consecutive days
of ‘Total Disability’
• a reduced monthly income continues to be
What is an Automatic Acceptance Level
received as a result of the injury or sickness
(AAL)?
i.e. employment is resumed:
An Automatic Acceptance Level (AAL) means
- on a restricted basis in the usual occupation, or
the maximum amount of benefit specified in the
- in a different occupation
schedule for which the insurer does not require
evidence of an insured person’s state of health.
The AAL applicable to this policy has been increased
to $12,000 per month ($144,000 per annum).