Any heart (or heart-related) condition if the original claim was for a heart condition or a stroke, except where the claim in respect of the reinstated Comprehensive Living Assurance Benefit is for heart valve surgery or pulmonary hypertension, and these conditions have not previously been claimed for and are not considered by an appropriate specialist as likely to be secondary or directly resulting from the original condition . Stroke, or any condition directly resulting from a stroke, if the original claim was for a heart (or heart- related) condition , except where the original claim was for heart valve surgery or pulmonary hypertension.
Comprehensive Living Assurance Benefit or $2,000,000.
Example 1: Original benefit = $100,000 Original benefit x 5 = $500,000 Cover available after the use of this Facility cannot exceed $500,000 Total increase under this Facility cannot exceed $400,000 Example 2: Original benefit = $500,000 Original benefit x 5 = $2,500,000 Cover available after the use of this Facility cannot exceed $2,000,000 Total increase under this Facility cannot exceed $1,500,000 The Comprehensive Living Assurance Benefit for a life assured under this policy after the use of this Facility cannot exceed the Life Cover Benefit for that life assured . After the use of this Facility, the Comprehensive Living Assurance Benefit for a life assured under this policy plus any other living assurance type cover held on the life assured with any insurer cannot exceed $2,000,000. The Optional Business Safeguard Facility cannot be exercised within six months of the risk commencement date .
Any exclusion which applied to the original Comprehensive Living Assurance Benefit.
In the event of a claim in respect of the reinstated Optional Early Cancer Upgrade Benefit, no claim will be paid for: The same cancer condition for which Sovereign has paid a claim under a Comprehensive Living Assurance Benefit for the life assured . The same cancer condition shall include any cancer that is either: − of the same organ system as the original cancer; − considered by the treating oncologist as likely to be a secondary cancer of the original cancer; or
a related cancer .
−
In the event of a claim in respect of the reinstated Optional Children’s and Maternity Benefit, no claim will be paid for:
In any 12 month period you can make only two increases under this Facility.
The Children’s Critical Conditions Benefit where you have already received a claim payment for the same child under the original Children’s Critical Conditions Benefit; The Children’s Congenital Conditions Benefit where you have already received a claim payment for the same child under the original Children’s Congenital Conditions Benefit; or
You must make the request within three months of the relevant business event.
To apply for the increase in cover, you need to write to Sovereign to satisfy us that the value of the life assured 's financial interest is at least equal to the requested increase to the amount of cover. You must include: - a valuation of the business or valuation of the life assured to the business (as provided by an independent qualified accountant or business valuer); and/or
Any exclusion which applied to the original Optional Children’s and Maternity Benefit.
17. Optional Business Safeguard Facility
- evidence of the loan guarantee, and any other contractual or financial evidence we may request.
The Optional Business Safeguard Facility applies only if shown in the schedule and if you have selected an accelerated Comprehensive Living Assurance Benefit. On each occasion that the financial interests of a life assured in the business increases, or their loan guarantee increases, or their value to the business increases, you may write to Sovereign asking us to increase the Comprehensive Living Assurance Benefit for that life assured without the need to provide medical evidence, subject to the following conditions: The Comprehensive Living Assurance Benefit for a life assured under this policy after the use of this Facility cannot exceed the lesser of five times the original
Any increase is subject to approval by Sovereign.
The method chosen to value the business or life assured must be in accordance with established business valuation practice for the industry. The independent qualified accountant or business valuer cannot be a family member, business partner, employee or employer of you or the life assured . The method of valuation and valuer must be satisfactory to Sovereign.
In the first six months following an increase, the life assured will only be covered for the amount of the
852 TCB-LAC version 19 Effective 12 May 2026
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