RECURRENCE OF SAME OR RELATED PROTECTED EVENTS. If the same type of Protected Event occurs again within 1 year after You have recovered or returned to Active Employment, We will treat this as one Protected Event subject to the initial Protected Event’s terms and conditions, including, but not limited to the maximum number of cancellations for the initial Protected Event. No additional benefits will be activated once You have reached any of the initial Protected Event’s maximums. For Disability, this only applies if You suffer a Disability due to the same condition. TAX IMPLICATIONS. You may be subject to federal, state, and local taxes on the amount of Your cancelled Protected Payment or Protected Balance. You should consult Your tax advisor. We or Our Administrator will not provide You with guidance on the tax implications, if any, of a cancelled debt.
RECURRENCE OF SAME OR RELATED PROTECTED EVENTS. If You submit a Protection Activation notice for the same type of Protected Event again within one (1) year after You have recovered or returned to Full-Time Employment, We will consider this a continuation of the prior event. For Disability, however, this only applies if You are disabled due to the same condition. This means that the maximum number of cancellations per occurrence for the prior event will still apply; if that maximum was already reached, no benefits will be issued. If You submit a Protection Activation notice for the same type of Protected Event again more than one (1) year after You have recovered or returned to Full-Time Employment, We will consider this a new event, and the terms and conditions of the Plan will apply as if no prior event occurred. This provision applies whether You return to work full-time with the same or different employer.
RECURRENCE OF SAME OR RELATED PROTECTED EVENTS. If the same type of protected event occurs again within one (1) year after You have recovered from the qualifying event, We will treat this as one protected event subject to the initial protected event’s terms and conditions, including, but not limited to the maximum number of Protected Payments for the initial protected event. No additional benefits will be activated once You have reached any of the initial protected event’s maximums.
