C BIRTH of a Child of the Life Assured A copy of the Birth Certificate showing the relationship to the Life Assured must be provided to Us . D ADOPTION by the Life Assured A copy of the Adoption papers showing the relationship to the Life Assured must be provided to Us . E SALARY INCREASE for the Life Assured Evidence of the increase in wage or salary of the Life Assured must be provided in a form that is acceptable to Us . This option is not available if the Life Assured is a controlling director, self- employed or if the Life Assured can control their level of wage or salary. F TAKING FULL-TIME CARE OF A DEPENDANT of the Life Assured The Life Assured becoming responsible for the Full-Time Care of a relative who is the mother, father, brother, sister, son, daughter, grandfather or grandmother of the Life Assured . Evidence must be provided that is acceptable to Us . G TERTIARY EDUCATION of a Child of the Life Assured The commencement of a first course of full-time tertiary education by a Child of the Life Assured . The course must commence within three (3) years of the Child leaving secondary education, and must be of at least twelve (12) months duration. The course must directly lead to a qualification that is approved by the New Zealand Ministry of Education, and must take place at a tertiary education institution approved by the New Zealand Ministry of Education within New Zealand. Supporting evidence must be provided that is acceptable to Us . H MORTGAGE The taking out or increasing of a mortgage for the purchase of, or making extensions to, a residential property or residential
investment property, a vacation home, or bare block of land zoned as residential to be owned by the Life Assured , or Child of the Life Assured where the Life Assured is acting as a guarantor for the mortgage. A copy of the appropriate mortgage documentation must be provided to Us . CHILD OF THE LIFE ASSURED STARTING SECONDARY EDUCATION The commencement of secondary school for the first time by a Child of the Life Assured . A copy of the Child’s birth certificate and enrolment form must be provided to Us . DEATH OF SPOUSE OR PARTNER Death of spouse or partner of the Life Assured as defined in the Property (Relationships) Act 1976. A copy of the death certificate for the Life Assured’s spouse or partner must be provided to Us . Upon receiving written notification acceptable to Us that the Life Assured has died, We will immediately pay the lower of: • The Life Cover Benefit ; or • $25,000. This Funeral Benefit will be treated as an early payment of the Life Cover Benefit . The Life Cover Benefit will then be reduced by the amount paid. If You have more than one (1) Life Cover Benefit the Funeral Benefit payment will only be paid on one (1) of those Life Cover Benefits . Payment of the Funeral Benefit does not indicate Our acceptance of the claim on the Life Cover Policy .
I
J
FUNERAL BENEFIT 11
PC-LC-05/2026
Page 10 of 14
Powered by FlippingBook