YOUR LIFE IS ALL ABOUT THEIR FUTURE

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1 YOUR LIFE IS ALL ABOUT THEIR FUTURE Protect your family with Medibank Life Insurance LIFE INSURANCE In store medibank.com.au/life 1

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3 Why life insurance? There are some things in life you d probably rather not think about, even though you know they re important like life insurance. But look at it this way, having life insurance can help give you the peace of mind that even if something unexpected happens to you, your loved ones would be helped financially. If you were to add up the cost of all the things your partner or family would need to maintain their lifestyle if you weren t around, how much would it be? Chances are this sum will be far greater than you think, and could be more than any life insurance cover you may have. The good news is life insurance doesn t have to be expensive or complicated. So, whether you re considering life insurance for the first time or looking to top up an existing policy, you can feel confident that you re getting a cover that s great value too. Getting a quote only takes a couple of minutes. And if you decide to apply for a policy, it s a simple process just answer a few questions and there s no medicals or blood tests. How much cover do you need? It is estimated that an average Australian couple aged 40 with children require life insurance cover of approximately 10 times their annual earnings simply to repay debts and maintain current living standards. Source: Rice Warner Actuaries, December

4 About Medibank Life Insurance Options to suit your needs Medibank Life Insurance can offer you life cover benefits that make you feel secure about your family s future: Comprehensive Life cover of up to $1.5 million An advance payment to help with funeral expenses Early payment in the case of terminal illness Accidental injury benefits Choose to add optional benefits to your policy No medicals or blood tests to apply Guaranteed to be renewed for life Discounts on premiums for amounts over $500,000 10% saving for members with Medibank health cover Get all this and the peace of mind that comes from having affordable life insurance cover. With Medibank Life Insurance you can just take out life cover, or you can choose to combine one or more of the following options in one simple plan. Trauma cover Life is unpredictable and it s impossible to know in advance how certain events could affect your future. Trauma cover can provide some relief when you really need it most. If you suffer one of the covered conditions, including a heart attack or a stroke, you could receive a lump sum payment of up to $250,000. Permanently Unable to Work cover It s a scary thought that an illness or injury could permanently change your life. But you ll still want to enjoy the best life possible. The Permanently Unable to Work cover option can pay a lump sum benefit of up to $1.25 million if an accident or health condition means you ll never be able to work again. Children s Insurance cover If you re a parent you ll find it reassuring that you can get special insurance for your kids too. This cover option can provide a lump sum benefit of up to $50,000 if your child suffers a covered traumatic illness. This could be invaluable to help pay for things like ongoing specialist care or allowing a parent to take extended time off work to care for the child. 4

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7 How much cover could you get? Not sure how much cover you may need? You can choose the level of cover that best suits your lifestyle and budget. There are upper limits to the cover, which vary depending on your age when you take out the policy. Well, we ve made it easy to help you work this out. Just answer a few questions in the online insurance cover calculator at medibank.com.au/life Age at joining Total Maximum Life cover Total Life cover can include these options Maximum Trauma cover Maximum Permanently Unable to Work cover $1,500,000 $250,000 (from 18 yrs) $1,250, $1,000,000 $100,000 $750, $500,000 $50,000 $200, $500,000 If you make a claim under the Trauma or Permanently Unable to Work cover options, the Life cover amount will be reduced accordingly and your premium will be adjusted. Plus you can choose to cover the kids with Children s Insurance cover for either $50,000 or $25,000 per child. You can apply for Children s Insurance cover for children aged 2 to 18 years and cover can continue until they re 21. Once your application is accepted, you can relax knowing that your life cover will be renewed for the rest of your life. Even if your health or lifestyle changes, you ll still be covered as long as you continue to pay your premiums. Is your super cover enough? For those in the age range 25 to 45, default cover provides approximately half the basic life insurance needs for the average household but only about one third of needs for households with children. Source: Rice Warner Actuaries,

8 Affordable premiums When your needs change For something that could help make a big difference for you and your family, Medibank Life Insurance could be more affordable than you think. And it s even more affordable with a 10% discount on premiums for members with Medibank health cover. In case you want a rough idea of the cost, here are a few examples. The actual cost for you will depend on your own circumstances and certain health and lifestyle factors. Male Age at joining Life Cover Fortnightly premium 30 $350,000 $14.78 Over time, your lifestyle may change, and the cost of living is likely to increase. To protect the value of your cover, Medibank Life Insurance includes an automatic 5% annual increase to your life cover amount until you are 75. We ll tell you each year, and if you don t want your cover increased, you can simply let us know. If you want to increase your life cover because of certain life events, such as having a baby or taking out your first mortgage, this can be organised for you. Plus if you apply for this within 90 days of the life event, this will normally be done without asking you further health questions. 35 $350,000 $ $500,000 $ $500,000 $31.88 Female Age at joining Life Cover Fortnightly premium 30 $350,000 $ $350,000 $ $500,000 $ $500,000 $24.54 All premiums shown are for non-smokers. Premiums correct as at 1 December Medibank health cover members save 10% on our great rates. 8

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10 So who can apply? What to do next? You can apply for Medibank Life Insurance if you are an Australian resident aged 16 to 65. To apply for the Trauma Insurance option, you must be aged 18 to 60 and you can apply for Permanently Unable to Work cover if you are 16 to 60. And you don t need to be a Medibank health cover member to apply for Medibank Life Insurance. Get a quote! It only takes a few minutes to see exactly how affordable it could be. Simply get a quick quote face-to-face in a Medibank store, over the phone on , or online at medibank.com.au/life any time. We ve made it simple for you to organise your Medibank Life Insurance policy over the phone or online. You don t have to go through a complicated process to apply, and you don t need to have a medical or blood test. You ll just have to answer a few questions about your health and lifestyle. You ll generally get an answer straight away, so you could be covered immediately. And because Medibank Life Insurance is all about peace of mind, you can sign up today knowing you have a 30 day cooling off period to think it over. So if you don t make a claim, you can change your mind within 30 days and get a complete refund no questions asked. How much does it cost to raise children? The cost of raising two children at Government schools to year 12 and then 3 years of university is around $812,000. Source: AMP.NATSEM Income and Wealth Report Issue May

11 Some other things you ll want to know We ve made this guide as straight forward as possible, but naturally there is some more detail that you should look at before you take out a Medibank Life Insurance policy. The Product Disclosure Statement (PDS) contains the full policy terms and conditions. You also need to know about who provides the insurance services. This can be found below as well as in the combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG). The information in the brochure is general in nature and does not take into account your personal objectives, financial situation or needs. You should read the PDS for further details on Medibank Life Insurance in order to determine whether the product suits your personal needs before you purchase. If you d like a copy of the combined PDS and FSG, please ask in a Medibank store, phone or visit medibank.com.au/life Medibank Life Insurance is issued by Swiss Re Life & Health Australia Limited, (Swiss Re) ABN ; Australian Financial Services Licence (AFSL) No , Level 29, 363 George Street, Sydney NSW Medibank Private Limited (Medibank Private), ABN , authorised representative number , of Level 17, 700 Collins Street, Docklands, VIC 3008 acts as an authorised representative of Greenstone Financial Services Pty Ltd (GFS) ABN , AFSL of 58 Norwest Blvd, Bella Vista NSW GFS is providing distribution services and is not the insurer. This document contains general information only and does not take into account your objectives, financial situation or needs and because of that you should, before acting on it, consider the appropriateness of the information in this document having regard to those matters. You should obtain and consider the Product Disclosure Statement, available at medibank.com.au/life, before deciding whether to acquire, or to continue to hold, this product. In accordance with the Medibank Private Limited Privacy Policy, Medibank Private has not used your sensitive information to make Medibank Life Insurance available to you. Acceptance of your application is not guaranteed and Medibank Private has not considered your health status in sending you this communication. Neither Medibank Private nor any of its related entities, directors or officers guarantees the assessment or payment of claims under any policy issued by Swiss Re. 11

12 You can also get travel, pet, health and income protection insurance through Medibank. In store medibank.com.au/life Medibank Private Limited ABN MPL