Page 3 - Harrison Manufacturing Salary Continuance Insurance

SALARY CONTINUANCE

INSURANCE

Harrison Manufacturing 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.

WHAT IS THE BENEFIT? WHAT IS AN AUTOMATIC ACCEPTANCE
75% of monthly base salary (plus a 9.5% LEVEL (AAL)?
employer superannuation contribution benefit*) An AAL means the maximum amount of benefit
paid after a 90 day wait to age 65. specified in the schedule for which the insurer
*Participants based in New Zealand are not eligible to access the 9.5% does not require evidence of an insured person’s
employer superannuation contribution benefit state of health. The AAL applicable to this policy
is $10,000 per month ($120,000 per annum).
WHO IS ELIGIBLE?

• all current full-time and part-time employees HOW DOES THE PLAN WORK?
(working 15 hours or more per week) If you become Totally or Partially Disabled, in

• employees aged under 65 years accordance with the terms and conditions of the
• all salaried staff (excluding factory workers policy and as a result of injury or sickness, you
will become eligible to receive benefits under the
in manual occupations as determined by the policy.
insurer)

IS COVER AVAILABLE FOR PRE-EXISTING
WHEN DOES COVER COMMENCE? SICKNESS OR INJURY?
Immediately upon commencement of service Yes, all pre-existing conditions are covered in the
for new employees - subject to the Automatic group policy up to the Automatic Acceptance
Acceptance Level (AAL) applicable to this plan Limit of $10,000 per month.
and eligibility criteria above. Cover is automatic
– no requirement for you to complete forms.

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