9. Key terms
KiwiSaver scheme
A registered KiwiSaver scheme as defined in the KiwiSaver Act 2006 (as amended or replaced). An individual, employer, company, partnership, association, organisation or trust. A Sovereign TotalCare Max Disability Income Protection Benefit, Loss of Earnings Benefit or Mortgage and Income Protection Benefit appendix under which the life assured is also a life assured. As a result of a change in legislation or New Zealand Inland Revenue Department’s interpretation of existing legislation, Sovereign changes its understanding of the tax treatment of claim payments under agreed value disability protection insurance, and notifies you accordingly. Has the meaning set out in the applicable appendix for the Sovereign Personal disability income policy .
person
Sovereign Personal disability income policy
tax change
totally disabled
you/your
The 'Policy Owner' named in the schedule .
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813 TCP-RP version 3 Effective 19 October 2015
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