The amount We will reimburse under the Childcare Support Benefit is the lesser of: • The actual additional childcare costs; or • $800 per month per dependent child under the age of fourteen (14). This Childcare Support Benefit is payable until the earlier of: • The Life Assured no longer being Disabled ; or • Six (6) monthly Childcare Assistance Benefit payments have been made; or • The Benefit Period ends.
You will need to provide evidence satisfactory to Us each month of the additional childcare fees that have been paid before We will
make a payment under the Childcare Support Benefit . This payment is additional to the monthly Benefit .
WAITING PERIOD REDUCTION
27
If this Loss of Earnings Premier Benefit has a Waiting Period of 26, 52 or 104 weeks the Life Assured can reduce this Waiting Period , without providing any further medical evidence, if the Life Assured’s Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover is cancelled due to the Life Assured no longer being Actively Involved in the business or the business is sold or the business is no longer Actively Trading . The Waiting Period for this Loss of Earnings Premier Benefit will reduce to align with the Waiting Period on the cancelled Cover . The reduced Waiting Period on this Loss of Earnings Premier Benefit will apply to the lesser of: the monthly benefit for the Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover at the time it was cancelled; or the monthly Benefit for this Loss of Earnings Premier Benefit . For example: A Life Assured has the following: • Loss of Earnings Premier Benefit with a $2,500 per month Benefit and a 52 week Waiting Period ; and • New to Business Cover with a $1,000 per month Benefit with a 13 week Waiting Period . When New to Business Cover is cancelled the Loss of Earnings Premier Benefit Waiting Period would be reduced to a: • 13 week Waiting Period with a $1,000 per month benefit; and • 52 week Waiting Period with a $1,500 per month benefit. within sixty (60) days of the cancellation of cover the Life Assured must notify Us in writing, with supporting evidence that they are no longer Actively Involved in the business or their business has been sold or is no longer Actively Trading ; • the Life Assured must be no longer Actively Involved in the business due to reasons other than retirement, redundancy, ill health or incapacity; The following conditions apply: •
PC-IP LOE Premier- 05/2026
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