7. Special Events Total Permanent Disablement (TPD)/Trauma Facility
If, at any time before you seek to exercise the Facility, a claim for the life assured had been accepted by us or notified to us, Sovereign will have discretion in determining whether the Facility can be exercised. In exercising discretion, we will consider whether the life assured represents an increased risk of claim for the benefit being added under this Facility. At the time of adding an accelerated Total Permanent Disablement Benefit under this Facility, the life assured must be employed in an occupation that is eligible for this benefit under Sovereign’s underwriting guidelines at that time. To use the Special Events TPD/Trauma Facility, you must provide written advice to Sovereign within 60 days either side of the special event and provide Sovereign with suitable evidence of the occurrence of the special event. Premiums will be adjusted to reflect the cover added using the Special Events TPD/Trauma Facility. The added cover begins on the date we issue the new cover to the policy owner, and is subject to payment of the additional premium .
What is the Special Events TPD/Trauma Facility?
On a special event occurring for a life assured (as listed in earlier Special Events Increase Facility section on page 2), you can choose to add any one of the following:
An accelerated Living Assurance Benefit (Comprehensive or Essential);
An accelerated Progressive Care Benefit; or
An accelerated Any Occupation Total Permanent Disablement Benefit with an expiry age of age 65, to the Life Cover for that life assured, without providing further medical evidence. This Facility can be exercised in combination with the Life Cover Special Events Increase Facility for a given special event or this Facility can be exercised by itself.
What is the maximum cover that can be added?
When will Sovereign not pay a claim under this Facility?
The maximum cover allowed will be the lower of:
After the Special Events TPD/Trauma Facility has been exercised, Sovereign will not pay a benefit under the added benefit, if, at any time before the Facility was exercised, or within six months of the Facility being exercised, the life assured: Suffers any claim event for anything other than an accident under the benefit, or Has any symptoms or signs leading to a claim event (whether or not a registered medical practitioner has been consulted) that may result in a claim for anything other than an accident under the benefit.
50% of the original Life Cover Benefit for that life assured; or
$100,000.
The following maximum sum assured limits also apply across all Sovereign policies for each life assured: $2,000,000 for Comprehensive Living Assurance, Essential Living Assurance and Progressive Care and similar benefits (combined), including cover added under this Facility; $5,000,000 for Total Permanent Disablement and similar benefits, including cover added under this Facility; and $5,000,000 for Comprehensive Living Assurance, Essential Living Assurance, Progressive Care, Total Permanent Disablement and similar benefits (combined), including cover added under this Facility. This Facility can only be exercised once per life assured in respect of all Life Cover and/or similar benefits for that life assured across all Sovereign policies .
8. Financial and Legal Advice Benefit
If Sovereign pays a claim under the Life Cover Benefit, the Specified Terminal Conditions Benefit, or the Terminal Illness Benefit then Sovereign will reimburse you for fees incurred up to $2,500 including GST (in total) that you pay for financial planning you receive from an accredited Adviser or legal advice received from a legal professional approved by Sovereign, subject to the following conditions: You must pay for the financial planning or legal advice within the 12 months following Sovereign paying the Life Cover Benefit claim. Sovereign will only pay one Financial and Legal Advice Benefit per life assured across all Sovereign policies . This is in addition to the sum assured.
What are the other conditions applying to this Facility?
The Special Events TPD/Trauma Facility is not available in any of the following circumstances:
If the Special Events TPD/Trauma Facility has previously been exercised for the life assured;
If the life assured is aged 50 or over;
9. Repatriation Benefit
If the Life Cover Benefit was issued at other than standard rates or with exclusions;
If the life assured dies, Sovereign will reimburse the policy owner(s) for the costs of returning the life assured’s body to New Zealand or their home country upon receipt of evidence acceptable to Sovereign. If the life assured is the sole policy owner, Sovereign will reimburse the person that has paid for the costs of repatriation upon receipt of evidence acceptable to
If TPD, Living Assurance, or Progressive Care or similar benefits have previously been applied for in respect of the life assured and Sovereign’s underwriting decision was to decline cover or to offer cover at non-standard rates or with exclusions.
801 TCP-LIFE version 12 Effective 12 May 2026
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