Page 14 - Axicom Salary Continuance Insurance - Executives
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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.