Page 14 - Axicom Salary Continuance Insurance - Executives
P. 14

When do benefits start?                           How much is payable via the benefit?

            A ‘Waiting Period’ occurs before payments commence.   25% of base salary x years to age 65.  Payable after a 183
            This is the number of consecutive days for which an   day wait, up to the Automatic Acceptance Limit (AAL) of
            insured member must be disabled,before the Total and   $1,250,000.
            Permanent Disablement benefit is payable
                                                              If according to the formula your benefit amount is
            The Waiting Period applicable to this policy is 183   calculated as being more than $1,250,000, you will need
            consecutive days.                                 to provide health and medical history information via
                                                              OnePath’s underwriting process to apply for increased
                                                              cover.  As a recipient of Axicom’s Executive insurance
            Is cover available for pre-existing               benefits, the option to apply to increase cover through
            sickness or injury?                               the policy is available to you.  Axicom will continue to

            Yes, all pre-existing conditions are covered in the   cover the premium for any increase in benefits.  PSK
            group policy up to the Automatic Acceptance Limit of   Financial Services is available to provide you with
            $1,250,000.                                       assistance and guidance throughout the underwriting
                                                              process.
   9   10   11   12   13   14   15   16   17   18