Contents 01 Protect yourself and

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1 Insurance handbook for Cbus Industry Super Auth. No September 2014 The information in this document forms part of the Product Disclosure Statement for Cbus Industry Super of 8 September Contents 01 Protect yourself and your family with Cbus insurance 3 02 Insurance cover snapshot 4 03 Default insurance cover 6 04 About Death and TPD cover 8 05 Changing or increasing your cover When does your cover stop? Restarting cover after it s been cancelled or expired Making an insurance claim Insurance definitions Need help to sort out your insurance? Other questions about your super? /14

2 Auth. No In this Product Disclosure Statement: refers to incorporated by reference materials refers to important information for you to note Cbus Trustee: United Super Pty Ltd ABN AFSL Cbus ABN MySuper authorisation This Product Disclosure Statement (PDS) is a summary of significant information about Cbus and contains a number of references to important information (each of which forms part of this PDS). Information marked with a is important for you to note. You should consider this information before making a decision. The information provided is general information only and does not take into account your financial situation or needs. You should obtain financial advice tailored to your own personal circumstances. If you want a printed copy of the PDS or any material incorporated by reference call our Service Centre on or visit Please note the information in this PDS is current as at 8 September 2014 and is subject to change between the time you read it and when you join Cbus. For updated information visit our website or call our Service Centre. with Cbus 3 Together we ll look after your future Our members work in some of the toughest conditions of any industry. That s why we believe insurance is essential to make sure your income and your family s welfare are protected 24 hours a day, seven days a week. This handbook tells you all about insurance through Cbus Industry Super. When you join Cbus Industry Super, you may receive cover automatically for Death and Total and Permanent Disablement (TPD). If you need more information or help, contact us on or cbusenq@cbusmail.com.au Important information The information in this Insurance Handbook is current at the time of printing but may be subject to change due to amendments to legislation, Fund rules or other causes. You can access the most up-to-date information at or call the Service Centre on A copy of this information will be provided to you on request free of charge. You will be advised of any change to the information that is materially adverse through the Fund s member magazine Cbus News or via a new Insurance Handbook or Product Disclosure Statement (PDS). This Insurance Handbook sets out the main features and benefits of insurance in Cbus Industry Super. Please read it thoroughly. This Insurance Handbook has been prepared and issued on 8 September 2014 by Cbus Trustee: United Super Pty Ltd. ABN AFSL Cbus ABN This document replaces the previous insurance information provided in the Insurance handbook for Cbus Industry Super dated 1 July All insurance is issued under the insurance policy terms and conditions and is subject to Cbus and the Insurer s approval. The Fund s Insurer is Hannover Life Re of Australasia Ltd ABN General advice warning This information is about Cbus. It doesn t take into account your specific needs, so you should look at your own financial position, objectives and requirements before making any financial decisions. Read the Industry Super Product Disclosure Statement to decide whether Cbus is right for you. To obtain a copy or if you require referral to a professional Financial Planner who does not charge commissions, please call Privacy Your information is private. Cbus takes the utmost care with your personal information. Cbus collects personal information to manage memberships, claims and benefit payments. You can access a copy of our Privacy Policy and Personal Information Collection Statements at or by calling our Service Centre on The information in this document forms part of the Product Disclosure Statement for Cbus Industry Super of 8 September Join Cbus Industry Super Product Disclosure Statement: 8 September cbusenq@cbusmail.com.au Contents 01 About Cbus 2 02 How super works 2 03 Benefits of investing 04 Risks of super 3 05 How we invest your money 4 06 Fees and costs 4 07 How super is taxed 5 08 Insurance in your super 6 09 How to open an account 8 10 Other information /14

3 01 Protect yourself and your family with Cbus insurance Insurance is one of the best ways you can protect your future. It s about looking after yourself and your family if illness or an accident stops you from working. That s why Cbus believes insurance is essential for all our members. Affordable insurance, around the clock. You re covered 24 hours a day, seven days a week Easy to set up Affordable Premiums (costs) are paid out of your super, not your bank account You can choose the type and amount of cover you need Cover designed for Cbus members You can check your cover online anywhere, anytime Whether you re at work or at home, you ll be protected If you re eligible, you get cover when you join Cbus and you don t have to show proof of your health to get it Because we buy our insurance as a group, costs are generally lower than for insurance you buy as an individual Your super covers the cost of your insurance so you don t need to find room in your budget Because everyone s needs are different, you can tailor your cover to suit your needs Depending on what work you do, Cbus offers three different scales to cover the risks in different occupations Register for our online member SuperSite to see your insurance cover whenever you need to. To register: Call us on for your password When you have it, log in to Insurance handbook for Cbus Industry Super 3

4 02 Insurance cover snapshot What types of cover can I get through Cbus Industry Super? You can get two types of cover: Death cover Total and Permanent Disablement (TPD) cover Insurance FAQs Death cover provides a lump sum payment (on top of your account balance) if you die or you are diagnosed with a terminal illness that is likely to result in your death within 12 months of obtaining certification. TPD cover provides a lump sum payment (on top of your account balance) if you can never work again due to Illness or Injury and you meet the TPD definition under the Cbus Insurance Policy. TPD cover does not cover you if you are temporarily or partially disabled. This means it won t cover you if you have to stop work due to an Illness or Injury, but can later return to work in your job or any other job which you are reasonably qualified to do based on your education, training and experience. How much cover can I have? The amount and type of cover you can have will depend on your age, the number of insurance units you choose and your occupation category. How do I get insurance cover? Default cover (see page 6) The first time you join Cbus Industry Super, you may be eligible to receive Death and TPD insurance cover without having to provide any health evidence. This is called Default cover. You can apply to change your Default cover at any time after you join (see page 16 for details). When does my cover start? Your Default cover will start automatically when Cbus receives the first On-Time Employer Contribution for you, as long as: Cbus accepts you as a member of Cbus Industry Super, and you are eligible for insurance cover (see page 6) Who pays for my cover? You pay the cost ( premium ) of your cover out of your super account balance each month, as long as your cover hasn t stopped for one of the reasons outlined on page 21. How are the premiums calculated? The total premium amount (cost) you pay will depend on how many insurance cover units you choose, the type of cover you receive and your occupation category. How much cover do I need? The Default cover you receive when you join Cbus may not be enough to cover your needs. If it isn t, you can apply to change it (see Changing or increasing your cover on page 14). Before you choose how much cover you want, think carefully about what financial support you or your family would need if you died before you retire or could never work again. Think about: income how much you earn today (and what you could be earning in the future) dependants do you have children or other financial dependants? debts do you have a mortgage, loan or other debts? assets do you own any property or shares? How to work out your cover needs Count how many years until you retire and multiply that by how much you earn. If you lost your income, this is a simple calculation of the amount you can no longer provide. To your family this means food, clothes, education, mortgage repayments and being able to afford day-to-day living. If you were permanently disabled, add in expenses including medical bills or needing a full time carer. Income Protection Cover You cannot apply for Income Protection (IP) cover through Cbus Industry Super, but you can apply for it through the Cbus Income Continuance Portfolio *. IP cover can give you a regular income if you can t work because you have had an accident or become ill. Because IP cover is provided outside of Cbus, the insurance costs (premiums) are paid by you directly to the insurer (not from your Cbus account). For more information call Cbus Income Continuance Portfolio on * The Insurer of this product is Wesfarmers General Insurance Ltd ABN AFSL , trading as Lumley Insurance. 4 Insurance handbook for Cbus Industry Super

5 Insurance terms: how to find out what they mean When you see an insurance term written in bold italics like this: On-Time you can find its meaning in the insurance definitions section on pages Need help to choose your cover? Cbus can help you work out how much, or what type, of cover can meet your needs. You can: Try our handy insurance calculator at calculators for a snapshot of what you might need. Call our Service Centre on and speak to the Cbus Advice Team. If you need more detailed personal advice, we can refer you to an accredited financial planner who does not charge commissions and who can give you an upfront, obligation free quote if you want a full financial plan. Insurance handbook for Cbus Industry Super 5

6 03 Default insurance cover When you turn 21 What is Default cover? Default cover is the level and type of cover you automatically receive when you first become a Cbus Industry Super member (as long as you re eligible). You ll receive Default cover under the Manual scale (see page 10). The number of Default units you receive depends on your age as shown below: Default insurance cover as at 1July 2014* Age Units Cost of Default insurance cover years years 65 but less than 70 2 units of Manual Death and TPD 4 units of Manual Death and TPD 4 units of Manual Death only $7.16 per week ($3.58 per unit) $14.32 per week ($3.58 per unit) $5.32 per week ($1.33 per unit) * Existing members may have different cover as the Default levels have changed over time. How much is your Default cover worth? The table below shows the amount of money (benefit) your Default cover may pay based on your age next birthday (ANB). Your age next birthday is the age you are today plus one. For example if your current age is 45, your age next birthday is = 46. Manual Default Cover Age Next Birthday Death TPD Age Next Birthday Death TPD $104,000 $52, $92,000 $46, $208,000 $104, $84,000 $42, $192,000 $96, $76,000 $38, $176,000 $88, $68,000 $34, $158,000 $79, $60,000 $30, $140,000 $70, $50,000 $0 56 $132,000 $66, $40,000 $0 57 $124,000 $62, $32,000 $0 58 $116,000 $58, $24,000 $0 59 $108,000 $54, $24,000 $0 60 $100,000 $50,000 Default cover for members under age 21 If you are under 21 when you first join Cbus You ll automatically get 2 units of Default (Manual) insurance cover (as long as you re eligible). Your cover will automatically be increased to 4 units, unless you have: already applied for 4 or more units before your 21st birthday, or told Cbus you wish to stay on 2 units after your 21st birthday, or decreased your cover to 1 unit before your 21st birthday, or cancelled your cover. Am I eligible for Default cover? You must meet some conditions to be eligible for Default cover through Cbus Industry Super. You ll receive cover if: Cbus receives an On-Time Employer Contribution for you, and Cbus accepts you as a member of Cbus Industry Super, and you meet all the eligibility criteria for cover set out below. If you haven t filled in a Membership Application form, you ll still receive Default cover as long as your employer gives Cbus your full name, address and date of birth when they make an On-Time Employer Contribution on your behalf. Important note: Your eligibility for cover will be checked when you make an insurance claim, and your benefit payment may change or be denied if you did not give correct details when you joined Cbus Industry Super. You ll receive Default Death and TPD cover as long as you are: Age 15 or over and under age 65 for TPD cover under age 70 for Death cover; and Not currently applying for, eligible to receive or have not been paid a benefit for terminal illness from any super fund or insurance policy; and Not currently applying for, eligible to receive or have not been paid a benefit for TPD from any super fund or insurance policy; and In Active Employment on the date your cover starts. If you are under age 15 * or over age 70, you will not be eligible for any insurance cover. If you are aged between 65 and 70, you will only be eligible for Death cover. If you don t meet this condition, you will not be eligible for any insurance cover. If you don t meet this condition, you will only be eligible for Death cover. If you don t meet this condition, you will only receive Death and New Events TPD cover until you are in Active Employment, at which time you will receive TPD cover for all events. * You are not eligible to join Cbus or eligible for any insurance cover if you are under age Insurance handbook for Cbus Industry Super

7 Can I decrease or cancel my Default cover? Cbus believes members should have insurance cover to protect themselves and their family. However, you can decrease or cancel your Default cover if it doesn t meet your needs. You can only decrease or cancel your cover by completing an Application to decrease or cancel insurance cover (or call for a copy). You can choose to cancel all your cover, or to cancel your TPD and keep your Death cover. You cannot have TPD cover without Death cover. Until we receive your request to decrease or cancel your cover, any Default cover you receive when you join will stay in place (as long as your cover doesn t stop for another reason see page 21). You should know that if you later change your mind and want cover, you ll need to complete an Application to Increase Insurance Cover form applicable to your occupation category and provide information about your health. Any increase in your cover will be subject to the Insurer and Cbus accepting your application. Not sure if you have Default cover? You can check how much cover you have on your most recent Cbus Annual Benefit Statement, online or call our Service Centre on We strongly suggest you speak to Cbus on before you decide to decrease or cancel your cover. Insurance handbook for Cbus Industry Super 7

8 04 About Death and TPD cover How much cover can Death & TPD insurance give you? Before you work out how many units of cover you want, you need to know how much money each one is worth. This will depend on: your age, and which occupation category you get cover under. The tables on the following pages will help you work out how much Death and TPD insurance is right for you and your family. Occupation categories As part of the Membership Application form, we ask you some questions about your job. Your answers determine which of the following occupation categories you can be covered under. Each category has its own insurance scale which tells you how much each unit of cover is worth. Some categories have a different premium rate or cover expiry age. To see how much each unit of cover is worth under the different occupation categories, check the insurance scales on page You can apply to change your occupation category later on see page 19 for details. Insurance occupation category Manual Non-Manual Electech Description This category applies if you confirm that you: perform any manual (physical) work duties, or spend more than 20% of your working time outside of an office environment. Examples Carpenter, Plasterer, Bricklayer, Electrician, Plumber Note: If you don t answer the occupation questions on the Membership Application form, you ll be covered under the Manual occupation category. This category applies if you confirm that you: perform work of a clerical/ administrative/ management/ professional nature, and perform a minimum of 80% of work entirely in an office environment, and do not perform any manual (physical) work. Examples Accountant, Bookkeeper, Quantity Surveyor, Architect This category applies if you confirm you are currently employed within the electrical and communications industries (as defined within the National Electrical, Electronic and Communications Contracting Industry Award 1998). Note: if you work in this industry, you can also choose cover under the Manual or Non-Manual insurance category (as long as you re eligible). Cover Period Death (age next birthday) (age next birthday) (age next birthday) Cover Period TPD (age next birthday) (age next birthday) (age next birthday) Death and TPD premiums per unit per week Death only premiums per unit per week TPD only premiums per unit per week (See Extra TPD units for Manual members on page 14 for more information)* $3.58 $3.58 $2.62 $1.33 $1.55 $1.13 $2.25* N/A N/A 8 Insurance handbook for Cbus Industry Super

9 Insurance scales How to read the scales Look up your age next birthday on the table that matches your Insurance occupation category (from page 8). The more units of cover you have, the higher the amount you could receive if you make a claim. However, that amount will reduce as you get older. The weekly premium (cost) also increases with the number of units you choose, so this will come out of your account balance. Insurance handbook for Cbus Industry Super 9

10 04 About Death and TPD cover (continued) Manual scale This is your scale if you: perform manual (physical) work, or spend more than 20% of your working time outside an office environment. You ll get Manual cover as your Default cover, unless you answer the occupation questions on the Membership Application form and ask to be covered, and are eligible for cover, under the Non-Manual or Electech occupation categories. Age next birthday 1 Unit 2 Units 3 Units 4 Units 5 Units $3.58 a week $7.16 a week $10.74 a week $14.32 a week $17.90 a week Death TPD Death TPD Death TPD Death TPD Death TPD $52,000 $26,000 $104,000 $52,000 $156,000 $78,000 $208,000 $104,000 $260,000 $130, $48,000 $24,000 $96,000 $48,000 $144,000 $72,000 $192,000 $96,000 $240,000 $120, $44,000 $22,000 $88,000 $44,000 $132,000 $66,000 $176,000 $88,000 $220,000 $110, $39,500 $19,750 $79,000 $39,500 $118,500 $59,250 $158,000 $79,000 $197,500 $98, $35,000 $17,500 $70,000 $35,000 $105,000 $52,500 $140,000 $70,000 $175,000 $87, $33,000 $16,500 $66,000 $33,000 $99,000 $49,500 $132,000 $66,000 $165,000 $82, $31,000 $15,500 $62,000 $31,000 $93,000 $46,500 $124,000 $62,000 $155,000 $77, $29,000 $14,500 $58,000 $29,000 $87,000 $43,500 $116,000 $58,000 $145,000 $72, $27,000 $13,500 $54,000 $27,000 $81,000 $40,500 $108,000 $54,000 $135,000 $67, $25,000 $12,500 $50,000 $25,000 $75,000 $37,500 $100,000 $50,000 $125,000 $62, $23,000 $11,500 $46,000 $23,000 $69,000 $34,500 $92,000 $46,000 $115,000 $57, $21,000 $10,500 $42,000 $21,000 $63,000 $31,500 $84,000 $42,000 $105,000 $52, $19,000 $9,500 $38,000 $19,000 $57,000 $28,500 $76,000 $38,000 $95,000 $47, $17,000 $8,500 $34,000 $17,000 $51,000 $25,500 $68,000 $34,000 $85,000 $42, $15,000 $7,500 $30,000 $15,000 $45,000 $22,500 $60,000 $30,000 $75,000 $37, $12,500 $ - $25,000 $ - $37,500 $ - $50,000 $ - $62,500 $ - 67 $10,000 $ - $20,000 $ - $30,000 $ - $40,000 $ - $50,000 $ - 68 $8,000 $ - $16,000 $ - $24,000 $ - $32,000 $ - $40,000 $ $6,000 $ - $12,000 $ - $18,000 $ - $24,000 $ - $30,000 $ - Age next birthday 6 Units 7 Units 8 Units 9 Units 10 Units $21.48 a week $25.06 a week $28.64 a week $32.22 a week $35.80 a week Death TPD Death TPD Death TPD Death TPD Death TPD $312,000 $156,000 $364,000 $182,000 $416,000 $208,000 $468,000 $234,000 $520,000 $260, $288,000 $144,000 $336,000 $168,000 $384,000 $192,000 $432,000 $216,000 $480,000 $240, $264,000 $132,000 $308,000 $154,000 $352,000 $176,000 $396,000 $198,000 $440,000 $220, $237,000 $118,500 $276,500 $138,250 $316,000 $158,000 $355,500 $177,750 $395,000 $197, $210,000 $105,000 $245,000 $122,500 $280,000 $140,000 $315,000 $157,500 $350,000 $175, $198,000 $99,000 $231,000 $115,500 $264,000 $132,000 $297,000 $148,500 $330,000 $165, $186,000 $93,000 $217,000 $108,500 $248,000 $124,000 $279,000 $139,500 $310,000 $155, $174,000 $87,000 $203,000 $101,500 $232,000 $116,000 $261,000 $130,500 $290,000 $145, $162,000 $81,000 $189,000 $94,500 $216,000 $108,000 $243,000 $121,500 $270,000 $135, $150,000 $75,000 $175,000 $87,500 $200,000 $100,000 $225,000 $112,500 $250,000 $125, $138,000 $69,000 $161,000 $80,500 $184,000 $92,000 $207,000 $103,500 $230,000 $115, $126,000 $63,000 $147,000 $73,500 $168,000 $84,000 $189,000 $94,500 $210,000 $105, $114,000 $57,000 $133,000 $66,500 $152,000 $76,000 $171,000 $85,500 $190,000 $95, $102,000 $51,000 $119,000 $59,500 $136,000 $68,000 $153,000 $76,500 $170,000 $85, $90,000 $45,000 $105,000 $52,500 $120,000 $60,000 $135,000 $67,500 $150,000 $75, $75,000 $ - $87,500 $ - $100,000 $ - $112,500 $ - $125,000 $ - 67 $60,000 $ - $70,000 $ - $80,000 $ - $90,000 $ - $100,000 $ - 68 $48,000 $ - $56,000 $ - $64,000 $ - $72,000 $ - $80,000 $ $36,000 $ - $42,000 $ - $48,000 $ - $54,000 $ - $60,000 $ - Death only cover $1.33 a week per unit TPD only cover $2.25 a week per unit * * You can only have TPD cover with Death cover see Extra TPD cover for Manual members on page 14 for details. 10 Insurance handbook for Cbus Industry Super

11 Non-Manual scale This is your scale if you: perform work of a clerical/administrative/management/professional nature, and perform a minimum of 80% of work entirely in an office environment, and do not perform any manual (physical) work. You ll be covered under this scale if you choose the Non-Manual cover option on your Membership Application form and your application has been accepted by the Insurer or you have completed an Application to change occupation category - Industry Super form which has been accepted by the Insurer. Age next birthday 1 Unit 2 Units 3 Units 4 Units 5 Units $3.58 a week $7.16 a week $10.74 a week $14.32 a week $17.90 a week Death TPD Death TPD Death TPD Death TPD Death TPD $122,500 $122,500 $245,000 $245,000 $367,500 $367,500 $490,000 $490,000 $612,500 $612, $119,400 $119,400 $238,800 $238,800 $358,200 $358,200 $477,600 $477,600 $597,000 $597, $116,100 $116,100 $232,200 $232,200 $348,300 $348,300 $464,400 $464,400 $580,500 $580, $112,900 $112,900 $225,800 $225,800 $338,700 $338,700 $451,600 $451,600 $564,500 $564, $109,400 $109,400 $218,800 $218,800 $328,200 $328,200 $437,600 $437,600 $547,000 $547, $105,700 $105,700 $211,400 $211,400 $317,100 $317,100 $422,800 $422,800 $528,500 $528, $102,000 $102,000 $204,000 $204,000 $306,000 $306,000 $408,000 $408,000 $510,000 $510, $96,700 $96,700 $193,400 $193,400 $290,100 $290,100 $386,800 $386,800 $483,500 $483, $91,500 $91,500 $183,000 $183,000 $274,500 $274,500 $366,000 $366,000 $457,500 $457, $86,200 $86,200 $172,400 $172,400 $258,600 $258,600 $344,800 $344,800 $431,000 $431, $81,000 $81,000 $162,000 $162,000 $243,000 $243,000 $324,000 $324,000 $405,000 $405, $75,500 $75,500 $151,000 $151,000 $226,500 $226,500 $302,000 $302,000 $377,500 $377, $72,400 $72,400 $144,800 $144,800 $217,200 $217,200 $289,600 $289,600 $362,000 $362, $69,300 $69,300 $138,600 $138,600 $207,900 $207,900 $277,200 $277,200 $346,500 $346, $66,200 $66,200 $132,400 $132,400 $198,600 $198,600 $264,800 $264,800 $331,000 $331, $63,200 $63,200 $126,400 $126,400 $189,600 $189,600 $252,800 $252,800 $316,000 $316, $61,500 $61,500 $123,000 $123,000 $184,500 $184,500 $246,000 $246,000 $307,500 $307, $61,000 $61,000 $122,000 $122,000 $183,000 $183,000 $244,000 $244,000 $305,000 $305, $60,400 $60,400 $120,800 $120,800 $181,200 $181,200 $241,600 $241,600 $302,000 $302, $60,200 $60,200 $120,400 $120,400 $180,600 $180,600 $240,800 $240,800 $301,000 $301, $60,100 $60,100 $120,200 $120,200 $180,300 $180,300 $240,400 $240,400 $300,500 $300, $59,800 $47,300 $119,600 $94,600 $179,400 $141,900 $239,200 $189,200 $299,000 $236, $55,300 $43,500 $110,600 $87,000 $165,900 $130,500 $221,200 $174,000 $276,500 $217, $50,800 $39,700 $101,600 $79,400 $152,400 $119,100 $203,200 $158,800 $254,000 $198, $45,700 $33,900 $91,400 $67,800 $137,100 $101,700 $182,800 $135,600 $228,500 $169, $42,200 $26,500 $84,400 $53,000 $126,600 $79,500 $168,800 $106,000 $211,000 $132, $39,600 $26,500 $79,200 $53,000 $118,800 $79,500 $158,400 $106,000 $198,000 $132, $37,000 $23,800 $74,000 $47,600 $111,000 $71,400 $148,000 $95,200 $185,000 $119, $34,400 $21,100 $68,800 $42,200 $103,200 $63,300 $137,600 $84,400 $172,000 $105, $31,600 $18,500 $63,200 $37,000 $94,800 $55,500 $126,400 $74,000 $158,000 $92, $29,000 $15,800 $58,000 $31,600 $87,000 $47,400 $116,000 $63,200 $145,000 $79, $26,600 $13,300 $53,200 $26,600 $79,800 $39,900 $106,400 $53,200 $133,000 $66, $24,200 $12,100 $48,400 $24,200 $72,600 $36,300 $96,800 $48,400 $121,000 $60, $22,000 $11,000 $44,000 $22,000 $66,000 $33,000 $88,000 $44,000 $110,000 $55, $20,500 $10,250 $41,000 $20,500 $61,500 $30,750 $82,000 $41,000 $102,500 $51, $20,500 $10,250 $41,000 $20,500 $61,500 $30,750 $82,000 $41,000 $102,500 $51, $14,400 $ - $28,800 $ - $43,200 $ - $57,600 $ - $72,000 $ - 67 $11,500 $ - $23,000 $ - $34,500 $ - $46,000 $ - $57,500 $ - 68 $9,400 $ - $18,800 $ - $28,200 $ - $37,600 $ - $47,000 $ $8,200 $ - $16,400 $ - $24,600 $ - $32,800 $ - $41,000 $ - Death only cover $1.55 a week per unit Insurance handbook for Cbus Industry Super 11

12 04 About Death and TPD cover (continued) Non-Manual scale continued Age next birthday 6 Units 7 Units 8 Units 9 Units 10 Units $21.48 a week $25.06 a week $28.64 a week $32.22 a week $35.80 a week Death TPD Death TPD Death TPD Death TPD Death TPD $735,000 $735,000 $857,500 $857,500 $980,000 $980,000 $1,102,500 $1,102,500 $1,225,000 $1,225, $716,400 $716,400 $835,800 $835,800 $955,200 $955,200 $1,074,600 $1,074,600 $1,194,000 $1,194, $696,600 $696,600 $812,700 $812,700 $928,800 $928,800 $1,044,900 $1,044,900 $1,161,000 $1,161, $677,400 $677,400 $790,300 $790,300 $903,200 $903,200 $1,016,100 $1,016,100 $1,129,000 $1,129, $656,400 $656,400 $765,800 $765,800 $875,200 $875,200 $984,600 $984,600 $1,094,000 $1,094, $634,200 $634,200 $739,900 $739,900 $845,600 $845,600 $951,300 $951,300 $1,057,000 $1,057, $612,000 $612,000 $714,000 $714,000 $816,000 $816,000 $918,000 $918,000 $1,020,000 $1,020, $580,200 $580,200 $676,900 $676,900 $773,600 $773,600 $870,300 $870,300 $967,000 $967, $549,000 $549,000 $640,500 $640,500 $732,000 $732,000 $823,500 $823,500 $915,000 $915, $517,200 $517,200 $603,400 $603,400 $689,600 $689,600 $775,800 $775,800 $862,000 $862, $486,000 $486,000 $567,000 $567,000 $648,000 $648,000 $729,000 $729,000 $810,000 $810, $453,000 $453,000 $528,500 $528,500 $604,000 $604,000 $679,500 $679,500 $755,000 $755, $434,400 $434,400 $506,800 $506,800 $579,200 $579,200 $651,600 $651,600 $724,000 $724, $415,800 $415,800 $485,100 $485,100 $554,400 $554,400 $623,700 $623,700 $693,000 $693, $397,200 $397,200 $463,400 $463,400 $529,600 $529,600 $595,800 $595,800 $662,000 $662, $379,200 $379,200 $442,400 $442,400 $505,600 $505,600 $568,800 $568,800 $632,000 $632, $369,000 $369,000 $430,500 $430,500 $492,000 $492,000 $553,500 $553,500 $615,000 $615, $366,000 $366,000 $427,000 $427,000 $488,000 $488,000 $549,000 $549,000 $610,000 $610, $362,400 $362,400 $422,800 $422,800 $483,200 $483,200 $543,600 $543,600 $604,000 $604, $361,200 $361,200 $421,400 $421,400 $481,600 $481,600 $541,800 $541,800 $602,000 $602, $360,600 $360,600 $420,700 $420,700 $480,800 $480,800 $540,900 $540,900 $601,000 $601, $358,800 $283,800 $418,600 $331,100 $478,400 $378,400 $538,200 $425,700 $598,000 $473, $331,800 $261,000 $387,100 $304,500 $442,400 $348,000 $497,700 $391,500 $553,000 $435, $304,800 $238,200 $355,600 $277,900 $406,400 $317,600 $457,200 $357,300 $508,000 $397, $274,200 $203,400 $319,900 $237,300 $365,600 $271,200 $411,300 $305,100 $457,000 $339, $253,200 $159,000 $295,400 $185,500 $337,600 $212,000 $379,800 $238,500 $422,000 $265, $237,600 $159,000 $277,200 $185,500 $316,800 $212,000 $356,400 $238,500 $396,000 $265, $222,000 $142,800 $259,000 $166,600 $296,000 $190,400 $333,000 $214,200 $370,000 $238, $206,400 $126,600 $240,800 $147,700 $275,200 $168,800 $309,600 $189,900 $344,000 $211, $189,600 $111,000 $221,200 $129,500 $252,800 $148,000 $284,400 $166,500 $316,000 $185, $174,000 $94,800 $203,000 $110,600 $232,000 $126,400 $261,000 $142,200 $290,000 $158, $159,600 $79,800 $186,200 $93,100 $212,800 $106,400 $239,400 $119,700 $266,000 $133, $145,200 $72,600 $169,400 $84,700 $193,600 $96,800 $217,800 $108,900 $242,000 $121, $132,000 $66,000 $154,000 $77,000 $176,000 $88,000 $198,000 $99,000 $220,000 $110, $123,000 $61,500 $143,500 $71,750 $164,000 $82,000 $184,500 $92,250 $205,000 $102, $123,000 $61,500 $143,500 $71,750 $164,000 $82,000 $184,500 $92,250 $205,000 $102, $86,400 $ - $100,800 $ - $115,200 $ - $129,600 $ - $144,000 $ - 67 $69,000 $ - $80,500 $ - $92,000 $ - $103,500 $ - $115,000 $ - 68 $56,400 $ - $65,800 $ - $75,200 $ - $84,600 $ - $94,000 $ $49,200 $ - $57,400 $ - $65,600 $ - $73,800 $ - $82,000 $ - Death only cover $1.55 a week per unit 12 Insurance handbook for Cbus Industry Super

13 Electech scale This is your scale if you work in the electrical and communications industry (as defined within the National Electrical, Electronic and Communications Contracting Industry Award 1998). You ll be covered under this scale if you choose the Electech cover option on your Membership Application form and your application has been accepted by the Insurer or you have completed an Application to change occupation category - Industry Super form which has been accepted by the Insurer. Age next birthday 1 Unit 2 Units 3 Units 4 Units 5 Units $2.62 a week $5.24 a week $7.86 a week $10.48 a week $13.10 a week Death TPD Death TPD Death TPD Death TPD Death TPD $50,000 $50,000 $100,000 $100,000 $150,000 $150,000 $200,000 $200,000 $250,000 $250, $50,000 $46,000 $100,000 $92,000 $150,000 $138,000 $200,000 $184,000 $250,000 $230, $50,000 $42,000 $100,000 $84,000 $150,000 $126,000 $200,000 $168,000 $250,000 $210, $50,000 $37,500 $100,000 $75,000 $150,000 $112,500 $200,000 $150,000 $250,000 $187, $50,000 $33,000 $100,000 $66,000 $150,000 $99,000 $200,000 $132,000 $250,000 $165, $50,000 $28,500 $100,000 $57,000 $150,000 $85,500 $200,000 $114,000 $250,000 $142, $50,000 $24,000 $100,000 $48,000 $150,000 $72,000 $200,000 $96,000 $250,000 $120, $50,000 $19,500 $100,000 $39,000 $150,000 $58,500 $200,000 $78,000 $250,000 $97, $50,000 $15,000 $100,000 $30,000 $150,000 $45,000 $200,000 $60,000 $250,000 $75, $50,000 $10,500 $100,000 $21,000 $150,000 $31,500 $200,000 $42,000 $250,000 $52, $50,000 $5,000 $100,000 $10,000 $150,000 $15,000 $200,000 $20,000 $250,000 $25, $10,000 $5,000 $20,000 $10,000 $30,000 $15,000 $40,000 $20,000 $50,000 $25,000 Age next birthday 6 Units 7 Units 8 Units 9 Units 10 Units $15.72 a week $18.34 a week $20.96 a week $23.58 a week $26.20 a week Death TPD Death TPD Death TPD Death TPD Death TPD $300,000 $300,000 $350,000 $350,000 $400,000 $400,000 $450,000 $450,000 $500,000 $500, $300,000 $276,000 $350,000 $322,000 $400,000 $368,000 $450,000 $414,000 $500,000 $460, $300,000 $252,000 $350,000 $294,000 $400,000 $336,000 $450,000 $378,000 $500,000 $420, $300,000 $225,000 $350,000 $262,500 $400,000 $300,000 $450,000 $337,500 $500,000 $375, $300,000 $198,000 $350,000 $231,000 $400,000 $264,000 $450,000 $297,000 $500,000 $330, $300,000 $171,000 $350,000 $199,500 $400,000 $228,000 $450,000 $256,500 $500,000 $285, $300,000 $144,000 $350,000 $168,000 $400,000 $192,000 $450,000 $216,000 $500,000 $240, $300,000 $117,000 $350,000 $136,500 $400,000 $156,000 $450,000 $175,500 $500,000 $195, $300,000 $90,000 $350,000 $105,000 $400,000 $120,000 $450,000 $135,000 $500,000 $150, $300,000 $63,000 $350,000 $73,500 $400,000 $84,000 $450,000 $94,500 $500,000 $105, $300,000 $30,000 $350,000 $35,000 $400,000 $40,000 $450,000 $45,000 $500,000 $50, $60,000 $30,000 $70,000 $35,000 $80,000 $40,000 $90,000 $45,000 $100,000 $50,000 Death only cover $1.13 a week per unit Insurance handbook for Cbus Industry Super 13

14 05 Changing or increasing your cover You can apply to change how much and what type of Death and TPD cover you have with Cbus Industry Super. Some changes you can choose without health evidence only when you first join Cbus. Others you can choose at any other time. Any change or increase in your cover will: depend on Cbus and the Insurer accepting your application, and start from the date your application is accepted (as long as you have already started to receive On-Time Employer Contributions into your Cbus account). Applying to change your cover when you join Am I eligible to change my cover when I join? If we receive your completed Industry Super Membership Application form within 6 months of becoming First Eligible, you can apply to change your cover within certain limits without providing health information. You are First Eligible from the date you started working with the first employer that pays contributions for you into Cbus. Other conditions you need to meet As well as sending in your Membership Application form so that it s received within 6 months of becoming First Eligible, you will also need to meet the following conditions to receive any extra cover. You ll receive extra cover if: you re age 15 and over but under age 65 for TPD cover (or age 70 for Electech) or under age 70 for Death cover, and you re receiving On-Time Employer Contributions into Cbus, and you re not currently applying for, eligible to receive or have not been paid a benefit for terminal illness from any super fund or insurance policy. If you don t meet this condition, you are not eligible for any cover under Cbus Industry Super, and you re not currently applying for, eligible to receive or have not been paid a benefit for TPD from any super fund or insurance policy. If you don t meet this condition, you can only apply for additional Death cover, and you complete all insurance sections of the Industry Super Membership Application and sign and date the form, and your form is received by Cbus within 31 days after you complete and sign it. Important note: If you are not in Active Employment when you sign and send in your Membership Application form, any additional cover will be limited to Death and New Events TPD cover. You ll receive full TPD cover from the date you are in Active Employment. If you apply after six months of becoming first eligible If you send in your Membership Application form after six months of becoming First Eligible, you can only receive Default cover (see page 6). However, you may be eligible to transfer your Default Manual cover to another scale (which may mean you pay less for the same amount of cover). To find out more, read How to change your occupation category after you have joined on page 19. How much extra cover can you apply for when you join? The amount of cover you can apply for without supplying health information when you join within 6 months of becoming First Eligible depends on what occupation category you may be eligible for. Total amount of cover you can apply for when you join Occupation Type of cover category Death cover TPD cover Note Manual Non-Manual Electech Up to 6 units Up to 6 units* Up to 4 units** Up to 2 units Up to 12 units Up to 6 units* Up to 4 units** Up to 2 units Your TPD cover amount cannot be more than your Death cover amount. However, you can have TPD cover equal to or less than your Death cover amount. * If your annual taxable income (see page 15) is over $100,000 ** If your annual taxable income is under $100,000 To apply for more cover use the Application to increase cover (Electech) form at Extra TPD cover for Manual members If you re covered under the Manual category and you re under age 65: you ll receive TPD cover at all ages that equals 50% of your Death cover. This means if you have 4 units of Death and TPD, your Death cover will be exactly double your TPD cover, and you can buy extra units of TPD cover to match your Death cover (within limits). Each unit of TPD only cover costs $2.25 per week, and the amount of cover you can apply for with no health evidence when you join (see the table above) is different to the amount you can apply for later. If you apply later, you ll need to complete an Application to increase insurance cover for Manual occupations form and supply information about your health. See page 16 for more information on increasing your cover after you join. 14 Insurance handbook for Cbus Industry Super

15 Limits on extra cover for Non-Manual members * If you re applying for more than 4 units of cover under the Non-Manual category, you will need to prove your Annual Taxable Income for the last financial year. If you do not provide evidence with your Membership Application form, you will be limited to 4 units of Non-Manual cover. **Annual Taxable Income means: If you re an employee your gross annual salary for the last financial year, as shown on your PAYG Payment Summary or a total remuneration package provided by your employer. If you re self-employed your annual income for the last financial year before tax, but after business expenses were deducted. Evidence of Annual Taxable Income You ll need to supply one of the following as proof of your income: 1. a pay slip that shows your annual income. (A pay slip will not be accepted if it only shows the pay for a particular pay period. It must show your annual income), or 2. a copy of your employment contract, as long as the contract was made less than 3 years ago, and is still current, or 3. a copy of your PAYG Payment Summary from the previous financial year, or 4. a copy of your taxation return showing income earned during the previous financial year. Note: If you are self-employed, only the evidence listed in points 3 or 4 will be accepted. How to apply for extra cover when you join Complete and send to Cbus your Membership Application form within 6 months of becoming First Eligible and make sure you: answer all insurance eligibility and occupation questions, and choose the number of units you want to be covered for (up to the maximum amount for your occupation category), and supply any extra information needed to assess your application. When will my extra cover start? As long as you complete and we receive your Membership Application form within 6 months of becoming First Eligible and we accept it, your extra cover will start from the date you signed your form. Insurance handbook for Cbus Industry Super 15

16 05 Changing or increasing your cover (continued) Applying to change your cover after you join You can apply to increase your cover at any time by completing an Application to increase insurance cover form applicable to your occupation category. Increases to cover above the Default level depend on approval by Cbus Insurer. Limits on Death and TPD cover you can apply for There s a limit (maximum cover level) on the amount of Death and TPD cover you can apply for under Cbus Industry Super: if you are over age 15 and under 65, you can apply for up to $5 million Death cover and $2 million TPD cover. (Note: The maximum $2 million TPD cover applies to all cover you hold with any super fund or insurance policy, not just cover with Cbus) the level of your TPD cover cannot be more than the level of your Death cover if you re a Non-Manual member, the amount of TPD cover you can have is limited to 7 times your Annual Taxable Income. The insurer may not approve your application if the number of units you choose provides TPD cover that s more than 7 times your Annual Taxable Income. if you re a Manual member: - You can apply for equal Death and TPD cover up to a maximum of 10 units of Death and 20 units of TPD. For example, at age 40: 10 units of Death = $520,000 and 20 units of TPD = $520, You don t need to have equal Death and TPD cover if you don t want to. In fact you may apply to have any combination of Death and TPD cover you want (subject to the limits outlined above) provided that the dollar value of your TPD cover doesn t exceed that of your Death cover. For example, at age 40 you could choose to have 10 units of Death = $520,000 and 15 units of TPD = $390,000 if you wish. - If you need more than 10 units of Death cover and 20 units of TPD cover, then for each additional unit of Death cover you wish to apply for you may only apply for 1 additional unit of TPD cover - not 2 units. This means you cannot choose to have an equal dollar value of Death and TPD cover if you want more that 10 units of Death and 20 units of TPD cover Example For example at age 40; if you wanted to apply for 15 units of Death cover the maximum number of TPD units you could apply for would be 25 as shown in the following table: How the Insurer decides if you can increase your cover The Insurer may ask you to give more health information or to have medical tests to help them assess your application. Your increased cover will depend on the Insurer accepting your application. If they accept it, we ll let you know in writing what date your increased cover starts and the occupation category you re covered under. Duty of Disclosure and Non-Disclosure You need to read the important information in the Membership Application form about your Duty of Disclosure and what can happen on Non-Disclosure. The Insurer can refuse to pay a claim if you did not tell them on your application form about any issues you currently have, or have had in the past, relevant to your application. The Insurer will only consider your application if: you re age 15 or over and under age 65 for TPD cover (or under 70 for Electech members) or under age 70 for Death cover, and your account balance can cover your increased insurance (and administration fees) for at least 12 weeks, and you are in Active Employment, and you are not currently applying for, eligible to receive or have not been paid a benefit for terminal illness from any super fund or insurance policy. If you don t meet this condition, you are not eligible for any cover under Cbus Industry Super, and you are not currently applying for, eligible to receive or have not been paid a benefit for TPD from any super fund or insurance policy. If you don t meet this condition, you can only receive extra Death cover, and you complete all sections of the Application to increase insurance cover form applicable to your occupation category and supply any other information the Insurer asks for, and Cbus receives your application no later than 31 days after you have completed, signed and dated the form. Death cover 8 units = $416, units = $520, units = $572, units = $624, units = $676, units = $728, units = $780,000 TPD Cover 8 units x 2 = 16 units ($416,000) 10 units x 2 = 20 units ($520,000) 20 units + 1 = 21 units ($546,000) 20 units + 2 = 22 units ($572,000) 20 units + 3 = 23 units ($598,000) 20 units + 4 = 24 units ($624,000) 20 units + 5 = 25 units ($650,000) You can have equal Death and TPD cover up to 10 units of Death and 20 units of TPD. You can only apply for 1 additional unit of TPD cover for each unit of Death cover above 10. How to apply for more cover after you join Complete an Application to increase insurance cover form at (or call the Cbus Service Centre on for a copy) and make sure you: answer all insurance eligibility questions, and give information about your current and past health if the insurer asks for it, and Cbus receives your application within 31 days of you completing and signing the form. Your increased cover will start from the date the Insurer accepts your application. 16 Insurance handbook for Cbus Industry Super

17 Living Events cover offer Because your insurance needs change as your life changes, Cbus gives you an easy way to increase your cover. Under the Living Events cover option, you can increase your current insurance by 2 units without providing health evidence when certain life changing events happen. What is a Living Event? Living Events include: getting married, you or your Partner giving birth or adopting a child/children, taking out a mortgage of, or increasing an existing mortgage on your permanent residence by more than, $100,000, or taking out a business loan, or increasing an existing business loan by more than $100,000. Am I eligible for a Living Events cover increase? You may be eligible if you supply all the documents outlined in the evidence section on page 18, and when you apply you must meet all the following eligibility conditions: your nominated Living Event has happened within 60 days of the date we receive your application, and you are under 55 years of age at the date the Living Event occurred, and you are in Active Employment, on the date you complete and sign your form, and you have not previously been declined cover through Cbus, and your total cover is not more than $5 million for Death and $2 million for TPD (Note: the maximum of $2 million TPD cover applies to all cover you hold, not just cover with Cbus). if you are a Non-Manual member, your TPD cover must not be more than 7 times your pre-tax annual income, and if you are currently insured for Death only cover you can only increase your Death cover, and your cover increase will be under the same terms and conditions that apply to your current cover, and you have not already had an increase for the same Living Event (for example, you can t get an increase for the birth of your second child if you got one for your first child), and you are limited to a total of three Living Event increases, and you can only get one Living Event increase in a 12-month period, and you must not be applying for, eligible to receive or have been paid a benefit for TPD or terminal illness from any super fund or insurance policy. Insurance handbook for Cbus Industry Super 17

18 05 Changing or increasing your cover (continued) Living Events cover offer (continued) The following table outlines the evidence required for each Living Event. Living Event You got married You or your partner gave birth or adopted a child/children You took out a mortgage of over $100,000 or increased your existing mortgage by over $100,000 on your permanent residence You took out a new business loan of over $100,000 or increased an existing business loan by more than $100,000 Evidence Required A copy of the marriage certificate A copy of the child s birth certificate or adoption certificate Note: Your name must appear on the birth/adoption certificate Documents from your bank on letterhead proving you have taken out a mortgage for your permanent residence including the date the loan was established. If you increased your mortgage, your documents should include the value of the previous mortgage, the effective date of the increase and the new mortgage value, whether this is with your existing or a different mortgage provider. Note: Your name must appear on the loan documents as a party to the mortgaged permanent residence. Documents from your bank on letterhead proving you have taken out a business loan including the date the loan was taken. If you have increased your business loan, your documents should include the value of the previous loan, the effective date of the increase and the new loan value, whether this is with your existing or a different loan provider. Note: Your name must appear on the loan documents as a party to the business/enterprise. How to apply for a Living Events cover increase Complete an Application to increase cover due to a Living Event form at or call the Cbus Service Centre on for a copy, and make sure you: answer all insurance eligibility questions and provide evidence of your Living Event outlined in the above table. Cbus must receive your application within 60 days from when your Living Event occurred and within 31 days of you completing and signing the form. 18 Insurance handbook for Cbus Industry Super