Family Support Benefit Sample Clauses

Family Support Benefit. The Family Support Benefit will be payable if, due to Total Disability that continues beyond the end of the Waiting Period, you are totally dependent upon an Immediate Family Member for your essential everyday Home Care Needs to enable you to live at home, and as a result that Immediate Family Member’s income is reduced. What benefit will be paid? The lesser of the following will be paid to you each month for a maximum of three months: ■ the reduction in the pre-tax Monthly Income of the Immediate Family Member net of their expenses incurred in earning that income, compared with the average pre-tax Monthly Income for the 12 months before they began caring for you; or ■ 50% of the total of the Monthly Benefit and any Super Continuance Monthly Benefit. When will we pay the benefit? The Family Support Benefit starts to accrue from the first day you qualify for the benefit after the Waiting Period has ended and is paid monthly in arrears. This benefit will only be paid while we are paying the Total Disability Benefit. When does the benefit end? The Family Support Benefit will end on the first of: ■ when you are no longer Totally Disabled; ■ the benefit has been paid for three months; ■ the Policy Expiry Date; ■ the end of the Benefit Period; or ■ your death.
Sample 1
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Related to Family Support Benefit

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