Page 3 - AS Harrison & Co Salary Continuance Insurance

Salary Continuance Insurance

A S Harrison & Co offers Salary Continuance Insurance as part of the Employee

Benefits Package. This 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 Level (AAL)?

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

Who is eligible? How does the plan work?

• all current full-time and part-time employees If you become Totally or Partially Disabled, in
(working 15 hours or more per week) accordance with the terms and conditions of the
• employees aged under 65 years policy and as a result of injury or sickness, you will
become eligible to receive benefits under the policy.
• all salaried staff (excluding factory workers
in manual occupations as determined by
the insurer) Is cover available for pre-existing sickness
or injury?

When does cover commence? Yes, all pre-existing conditions are covered in the
group policy up to the Automatic Acceptance Limit
Immediately upon commencement of service of $10,000 per month.
for new employees - subject to the Automatic
Acceptance Level (AAL) applicable to this plan and
eligibility criteria above. Cover is automatic –
no requirement for you to complete forms.

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