Super for creative people. INSURANCE GUIDE. Issued 1 July 2014 MY SUPER AUTHORISED PRINT. MEDIA. ENTERTAINMENT. ARTS.

Transcription

1 Super for creative people. INSURANCE GUIDE Issued 1 July 2014 PRINT. MEDIA. ENTERTAINMENT. ARTS. MY SUPER AUTHORISED

2 CONTENTS 1. Protection when you need it most 3 Three types of cover available 3 Which type of member are you? 3 2. Death only and Death and Total & Permanent Disability (TPD) insurance 4 Automatic cover 4 Which cover will I receive? 5 What benefits are payable? 5 Premiums 7 Changing your cover Income Protection cover 11 Which cover will I receive? 11 What benefits are payable? 12 Premiums 13 Changing your cover Important information 14 Nominating a beneficiary 14 How to make a claim 14 Single insurance arrangement 14 Frequently asked questions Definitions 19 Death and Total and Permanent Disablement (Group Life) 19 Income Protection Stay in touch 21 This Insurance Guide was prepared on 1 July 2014 and issued by Media Super Limited, Level 15, 45 Clarence St, Sydney NSW 2000, ABN , AFSL (Trustee), the trustee of Media Super (ABN , SPIN PIN 0100AU, USI ). The information in this document forms part of the Media Super Member Guide Product Disclosure Statement (PDS) issued 1 July You should read this document in conjunction with the PDS before you make a decision about Media Super. The information in this document is general information only. It has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on the information, you should consider its appropriateness, having regard to your objectives, financial situation and needs. We recommend that you also consider obtaining financial advice from a licensed financial adviser. Information in the PDS and the additional information that forms part of the PDS (including this document) may change from time to time. We may update information that is not materially adverse via our website at mediasuper.com.au. A paper copy of any updated information is available without charge on request. Any statements given by third parties in this document have been given with their consent, which has not been withdrawn. Except as outlined in the PDS and the additional information that forms part of the PDS, we can change matters which are the subject of representations set out in these documents at any time without notice. Hannover Life Re of Australasia Ltd ABN (the Insurer) provides Death, Total & Permanent Disablement and Income Protection insurance under policies issued to Media Super. Cover is subject to acceptance and to the terms and conditions of the insurance policies issued by the Insurer. The information in this guide is a summary of the insurance terms and conditions. In the event of any inconsistency between those policies and this guide, the relevant policy terms will prevail. Definitions can be found on pages 19 to 20. If you would like a copy of the policies, call our Super Helpline on

3 Super for creative people Protection when you need it most Your health, family and your income-earning potential are amongst your most valuable personal assets. Protecting yourself against unexpected events, illness or accidents is a key part of personal financial security. At Media Super, we believe insurance is important, and offer eligible members automatic insurance with an option to increase your cover upon joining. Buying your insurance through your super fund can be one of the cheapest ways to get cover. Media Super provides insurance as a group or bulk policy, so we receive a discount and pass these savings on to you. You can tailor this cover to suit your needs. Three types of cover available 1. Death only Generally it pays: > a lump sum to your beneficiaries or Estate if you die; or > a lump sum if you are Terminally ill*. 2. Death and Total and Permanent Disablement (TPD) Generally it pays: > a lump sum to your beneficiaries or Estate if you die; or > a lump sum if you are Totally and Permanently Disabled*; or > a lump sum if you are Terminally ill*. 3. Income Protection Replaces a percentage of your salary, including superannuation contributions, if you are unable to work because of illness or injury and are either Totally Disabled* or Partially Disabled*. * These benefits will be paid to you subject to you also satisfying a condition of release for superannuation purposes, see Important information box below. Which type of member are you? Media Super has two types of members, and our insurance arrangements vary depending on the type of member you are. Employer-sponsored members are: > members whose employer has entered into an arrangement with Media Super to contribute to the Fund on the member s behalf; or > members who have entered into an arrangement with Media Super for their employer to contribute to the Fund on their behalf. And are generally eligible for # : > Death only and Death and TPD cover one of Standard Default cover, Employer-sponsored Default cover, or Limited standard Default cover. > Income Protection Personal account members are: > members who are self-employed or freelancers; or > members who have chosen to join the Fund. These members may make contributions on their own behalf. And are generally eligible for # : > Death only and Death and TPD cover - Restricted Standard Default cover > Income Protection. # Subject to meeting the applicable eligibility criteria set out in this document. IMPORTANT INFORMATION In addition to meeting the applicable insurance definitions in the policy, in order for the Trustee to release these benefits, the following definitions (as applicable) must be satisfied: Permanent incapacity means ill-health (whether physical or mental), where the Trustee is reasonably satisfied that you are unlikely, because of ill health, to engage in gainful employment for which you are reasonably qualified by education, training or experience. Also note that for this benefit to be concessionally taxed, it must satisfy the requirements set out in the section How super is taxed in the Additional information about your super guide available at mediasuper.com.au/resources, including certification by two medical practitioners. Temporary incapacity in relation to a member who has ceased to be gainfully employed (including a member who has ceased temporarily to receive any gain or reward under a continuing arrangement for the member to be gainfully employed), means ill-health (whether physical or mental) that caused the member to cease to be gainfully employed but does not constitute permanent incapacity. Terminal medical condition means that the following circumstances exist: > two registered medical practitioners have certified, jointly or separately, that the person suffers from an illness, or has incurred an injury, that is likely to result in the death of the person within 12 months of the date of the certification; > at least one of the registered medical practitioners is a specialist practising in an area related to the illness or injury suffered by the person; and > for each certificate, the 12-month period has not ended. For insured benefits to be paid directly to you, both the insurance definitions for your insurance cover and one of the above definitions (as applicable) must be satisfied. Refer to pages 19 to 20 for the current insurance definitions. Note: If your insurance cover with Media Super commenced prior to 1 July 2014 and you have continuously held the cover since, different insurance definitions may apply to your insurance cover.

4 Super for creative people Death only and Death and Total & Permanent Disability (TPD) insurance What would you do if you were no longer able to work? Would you survive financially? Death only and Death and TPD cover provides a lump sum payment to ease the financial burden placed on you at such a time. Automatic cover We automatically provide eligible new members with age-based Death only or Death and TPD cover when you join Media Super. Eligibility for Automatic Default cover In order to receive automatic Standard Default cover or Employer-selected Default cover: a. You must be employed by an Employer-sponsor and have joined the Fund within 180 days of being employed by the Employer-sponsor or your employer becoming an Employer-sponsor of the Fund, and sufficient minimum member details are received by the Fund within that time; and b. An employer contribution must be received by the Fund within 180 days of you being employed by the Employersponsor or your employer becoming an Employersponsor of the Fund; and c. You are not applying for, entitled to, or have been paid a total and permanent disablement benefit or terminal illness benefit from any superannuation fund or life insurance policy. In this instance, you are not eligible for an insured benefit; and d. You were At Work (see Definitions on page 19) on the date that cover commences. If you satisfy the above, your Default insurance cover will commence on the later of the date you first joined your Employer sponsor as an employee or your employer becoming an Employer-sponsor of the Fund. If you have Employer-selected Default cover, your automatic insurance cover will be the lesser of the cover selected by your employer and the Automatic Acceptance Level (AAL) set out in the table following. The AAL will be based on the number of insured employees at your place of employment and will be provided based on the type chosen by your employer. The table below shows the maximum level of cover that will be provided without you having to submit evidence of health. Should your employer select an insured benefit that results in a sum insured which is greater than the AAL that applies to your employer, your cover or the amount of cover in excess of the AAL will only be provided if the Insurer accepts your application for cover or additional cover, as the case may be. AUTOMATIC ACCEPTANCE LEVELS Number of insured employees Cover 1 4 Nil 5 9 $200, $350, $600, $800, Individual Consideration Media Super offers various styles of Death and TPD insurance: > Unit-based Cover: cover for a fixed number of insurance units. Whilst the premium payable per unit does not change over the life of the policy, the lump sum benefit provided per unit decreases as you get older. > Fixed-dollar Cover: cover is provided as a fixed dollar amount. The cost of insurance premiums increases as you get older. > Formula-based Cover (Employer-selected cover only): calculated as a percentage or multiple of salary. The cost of insurance premiums is based on the amount of cover and your age. You can only have Unit-based, Formula-based or Fixed-dollar cover not a combination of these options.

5 Super for creative people. 5 Which cover will I receive? Employer-sponsored members Standard Default cover You generally receive Standard Default cover automatically unless your employer chooses Employer-selected cover for you. Standard Default cover provides you with the default number of units applicable to your age next birthday without having to produce evidence of health, subject to eligibility conditions. The default number of units is tiered to increase with age, and will be updated annually on your birthday as shown in the table on page 7. Employer-selected Default cover This type of cover works on the basis that your employer selects the type of cover you may receive. With Employer-selected Default cover, there are three types of cover that your employer can choose from: > Unit-based cover > Fixed-dollar cover > Formula-based cover If Unit-based cover is selected by your employer, the default number of units provided to you (subject to eligibility conditions) will be selected by your employer, and may be different from the Standard Default number of units applicable to your age next birthday. If Formula-based cover is selected by your employer, there are two options your employer can choose from. These are: > Future service percentage of salary; or > Multiple of salary. Where Media Super is the default fund under Choice of Fund legislation, your employer cannot select insurance cover which is less than the legislative minimum. If your employer does not elect Employer-selected Default cover, you will generally receive Standard Default cover. Your employer and your Media Super welcome letter should advise you which of the above insurance options applies. Note: If you are an Employer-sponsored member aged between 11 and 14 and your employer has selected Employer-selected Default cover, you will be provided with Standard Default cover instead of the Employer-selected Default cover, subject to meeting the applicable eligibility conditions. Limited Standard Default cover Where you do not meet the At Work requirement or the 180 days timeframes set out at (a) and (b) for Standard Default cover or Employer-selected Default cover in Eligibility for Automatic Default cover on page 4, you will receive Limited Standard Default cover. You must still meet the requirements set out at (c). Limited Standard Default cover will either be based on the Standard Default cover or the Employer-selected Default cover (as applicable). However, you will only be eligible for: > Death only cover, or > Death and New Events Total and Permanent Disablement cover, which means that you are only insured against events that occurred on or after the date when your insurance first commenced. This limited cover will commence on the date you first join Media Super, and will extend: > where you do not meet the At Work requirement, until you are again At Work performing all your normal duties without limitation; and > where you have not met the 180 days timeframes, for 24 months, provided you are At Work at the end of that period. If at that date you are not At Work, you will retain limited cover until you are again At Work performing all normal duties without limitation. After such time, Limited Standard Default cover reverts to full Standard Default cover or the Employer-selected Default cover (as applicable). Personal account members Restricted standard default cover If you are a Personal account member, are eligible for insurance and within 180 days of joining the Fund, a contribution is paid into your account that is sufficient to cover the insurance premiums for that period, then you automatically receive Restricted Standard Default cover. Your cover will start on the first day that you join the Fund. Restricted Standard Default cover is subject to a Pre- Existing Conditions exclusion. You will receive the Standard Default number of units applicable to your age next birthday without having to produce evidence of health, subject to eligibility conditions. The Standard Default number of units is tiered to increase with age, and will be updated annually on your birthday as shown in the table on page 7. What benefits are payable? During your membership of the Fund, you can only receive one class of insured benefit in relation to your Death and TPD cover: a Death benefit, a Terminal Illness benefit, or a TPD benefit (except where you are eligible for a Terminal Illness benefit and your Death cover is greater than the $2.5 million limit that applies to Terminal Illness benefits see page 6 for details). Death benefit In the event of your death, your beneficiaries and/or legal personal representative(s) will receive the insured benefit as well as your super account balance. The insured benefit is determined as at the date of death. The insured benefit amount is paid into Media Super s Cash investment option, with effect from the date the insurance proceeds are received by the Fund. The maximum amount of cover offered is limited to $5 million for Death. For information about nominating a beneficiary, see page 14.

6 Super for creative people. 6 Total and Permanent Disablement (TPD) benefit To receive a TPD benefit, you must satisfy the definition of Total and Permanent Disablement. Members are covered for TPD benefits regardless of the number of hours worked. As an employee, if you work more than 15 hours per week, you can claim for TPD if you can satisfy one of parts 1-5 of the TPD definition on pages 19 to 20. If you work less than 15 hours per week, then you must satisfy one of parts 2-5 in the definition. If a TPD benefit is payable, you will receive the insured benefit (if applicable) together with your super account balance, subject to satisfying a condition of release. This can be paid to you as a lump sum, or kept in the Fund and/or paid as a Media Super pension. The maximum amount of cover offered is limited to $2 million for Total and Permanent Disablement. > ONCE I COMPARED THE INSURANCE PREMIUMS THROUGH MEDIA SUPER WITH WHAT I WAS PAYING ELSEWHERE, I QUICKLY MADE THE DECISION TO SWAP OVER. I M VERY HAPPY. ABI RICHARDSON, Director, ARC Films The date for determination of the amount of TPD benefit will vary under the definition of Total and Permanent Disablement (see Definitions pages 19 and 20 for more information). If your TPD claim is approved by the Insurer, the insured benefit amount will be allocated to Media Super s investment options per future contributions, with effect from the date when the insurance proceeds are received by the Fund. Release of the insured benefit amount to you together with your account balance as a lump sum is subject to you also satisfying a condition of release under Superannuation law (see the Important information box on page 3). See Can the Insurer reduce or refuse to pay a benefit? in the Frequently asked questions section on page 17 for more information. Terminal Illness benefit If you are insured for Death only or Death and TPD cover, you will also be covered for a Terminal Illness benefit. To receive a Terminal Illness benefit, you must satisfy the definition of Terminally ill (see Definitions page 19) and the conditions detailed below. A Terminal Illness benefit is payable if: > the policy is in force; > you satisfy the definition of Terminally ill (see page 19); > you have not lodged and do not intend to lodge a claim for a Total and Permanent Disability benefit; > your cover has not ended (see page 16); and > you have not reached age 70. Upon acceptance of a Terminal Illness benefit, your Death only or Death and TPD cover benefit ceases. The Terminal Illness benefit is the lesser of: > the insured death benefit; and > $2.5 million. If your Death benefit is greater than $2.5 million, it will be reduced by the amount of Terminal Illness benefit paid to you, and any balance will be payable upon your death, as long as: > your death occurs before you reach age 70; > the policy is in force; and > premiums have continued to be paid for the reduced insured benefit. If your Terminal Illness claim is approved by the Insurer, the insured benefit amount will be allocated to Media Super s investment options per future contributions, with effect from the date when the insurance proceeds are received by the Fund. Release of the insured amount together with your super account balance as a lump sum is subject to you also satisfying a condition of release under Superannuation law (see the Important information box on page 3).

7 Super for creative people. 7 Premiums Premiums are calculated weekly and deducted monthly and on exit from your Media Super account. The applicable premium will depend on the type of cover you have. Standard Default cover, Employerselected Default cover (unit-based), Limited Standard Default cover, and Restricted Standard Default cover The premiums for this Unit-based cover will depend on: > the number of units you hold; > your age next birthday; and > any applicable medical loadings placed on your cover by the Insurer. The table below shows the cover per unit, the Standard Default number of units, and the corresponding Standard Default cover a member may receive based on their age next birthday. If you have Employer-selected Default (unit-based) cover, the default number of units you hold will be selected by your employer, and may be different from the Standard Default number of units applicable to your age next birthday shown in the table below. However, the base premium cost per unit of cover and the amount of cover per unit are as outlined in the tables below. Any medical loading placed on your cover by the Insurer will also impact on the premium that will apply to you. The cost of Death and TPD cover is $0.64 per week, per unit.* The cost of Death cover is $0.41 per week, per unit.* * Plus any applicable loadings INSURED BENEFIT AND COST OF INSURANCE (STANDARD DEFAULT COVER) Age next Birthday Standard Default Units Cover per Unit Standard Default Cover Cost per Week for Standard Default Death & TPD Cover Cost per Week for equivalent units of Death Only Cover ,000 45,000 $0.64 $ , ,100 $1.92 $ , ,800 $2.56 $ , ,000 $2.56 $ , ,000 $2.56 $ , ,000 $2.56 $ , ,000 $2.56 $ , ,000 $2.56 $ , ,000 $2.56 $ ,500 90,000 $2.56 $ ,500 82,000 $2.56 $ ,500 74,000 $2.56 $ ,500 66,000 $2.56 $ ,500 58,000 $2.56 $ ,500 50,000 $2.56 $ ,500 42,000 $2.56 $ ,000 32,000 $2.56 $ ,000 24,000 $2.56 $ ,000 20,000 $2.56 $ * 4 5,000 20,000 n/a $ * 4 5,000 20,000 n/a $ * 4 5,000 20,000 n/a $ * 4 5,000 20,000 n/a $ * 4 5,000 20,000 n/a $ * # n/a n/a n/a n/a n/a * TPD cover ceases at age 65. # Death cover ceases at age 70.

8 Super for creative people. 8 Employer-selected Default cover The premiums for this Fixed-dollar or Formula-based cover will depend on: > the dollar value you are covered for; > your age next birthday; > the occupational factor applicable; and > any medical loadings placed on your cover by the Insurer The base premium rate for Death only and Death and TPD cover are outlined in the table below. Your occupation class will also impact on the premium that will apply to you, as may any medical loading. Premium rates for Fixed-dollar cover and Formula-based cover change as you become older. If you have Fixed-dollar cover or TPD cover that is a multiple of salary and your age next birthday is 62 to 66, your benefit will be reduced by 20% per annum (also known as a taper ) until the cover reaches zero. The table below shows by how much your benefit is reduced, based on your age at your next birthday. HOW YOUR TPD COVER TAPERS OFF Age next Birthday TPD Benefit % Example $100,000 Sum Insured Fixed-dollar cover % $100, % $80, % $60, % $40, % $20, $0 FIXED-DOLLAR COVER AND FORMULA-BASED COVER Annual premiums per $1000 Insured Fixed Dollar cover and Formula-based cover Age next birthday Death Only Death and TPD Male Female Male Female Age next birthday Death Only Death and TPD Male Female Male Female * n/a n/a 67* n/a n/a 68* n/a n/a 69* n/a n/a 70* # n/a n/a * TPD cover ceases at age 65. # Death cover ceases at age 70.

9 Super for creative people. 9 Occupational factors An occupational factor will apply if your insurance cover is Fixed-dollar or Formula-based cover. Occupational factors are based on the classification that the Insurer applies to the nature of your occupation. For some members, the application of the occupational factor will mean an increase in the premium they pay. The table below shows the occupational factors that apply. OCCUPATIONAL FACTORS* Occupational Class Death Death & TPD Professional White Collar Light Manual Blue Collar Heavy Manual * Formula-based cover and Fixed-dollar cover only. WHEN I MET ONE OF THE FUND S FINANCIAL PLANNERS, I SIGNED UP ON THE SPOT. RON PATTERSON, Print Industry Manager You can contact the Fund to determine what occupational class you are in. When you are calculating the premium for insurance cover, you will need to multiply the applicable occupational factor in the table above by the premium rates shown on page 8. The occupational factor which applies depends on whether you have Death only or Death and TPD cover, as shown in the table above. Medical loadings When you apply for cover or an increase in cover, the Insurer may accept your application on the condition that a medical loading is applicable, in addition to the occupational factor. We will advise if you have a medical loading on your Death only or Death and TPD cover. EXAMPLE 1 A male white-collar worker (occupational factor of 1.00), who will turn 36 on his next birthday, has requested Death and TPD cover of $200,000, and has no medical loading. The annual premiums are based on each $1,000 insured. INSURED BENEFIT $200,000 / $1,000 = 200 $0.838 $ $ EXAMPLE 2 A female blue-collar member (occupational factor of 2.10), who will turn 44 on her next birthday, has requested Death and TPD cover of $200,000. INSURED BENEFIT $200,000 / $1,000 = 200 $1.438 $ $ (without medical loading) Additional medical loading as advised by the Insurer is 50%: $ x 50% = $ Total annual premium = $ $ = $ (with medical loading). Note: The examples above are for illustrative purposes only. They are not an estimate or guarantee of the amount of cover you may be eligible to hold, or the premiums that may be applicable to you.

10 Super for creative people. 10 Changing your cover Can I cancel or change my cover? Yes, as detailed below. Increasing your cover Within 60 days of joining* Employer-sponsored members Within 60 days of receiving your Media Super welcome letter, you can request an additional unit of Standard Default cover, Employer-selected Default (unit-based) cover or Limited Standard Default cover (as applicable) without having to provide evidence of health (subject to the Automatic Acceptance Level, please see page 4) by completing the Application for default insurance cover form and statement of good health. Where you request an additional unit of Limited Standard Default cover, this cover will also be subject to the New Events Total and Permanent Disablement cover restriction. Personal account members** Within 60 days of receiving your Media Super welcome letter, you can request an additional unit of Restricted Standard Default cover without having to provide evidence of health by completing the Application for default insurance cover form and statement of good health. Where you request this additional unit of cover, this cover will also be subject to the Pre-Existing Conditions exclusion. After 60 days of joining After 60 days of receiving your Media Super welcome letter, applications for increases in cover can only be made up to the maximum limits and are subject to the Insurer s approval. Any resultant insurance cover or increases in insurance cover will commence from the date when you are advised that your cover has commenced. Employer-sponsored members Members aged 15 or above who want to apply for more cover than provided under the option chosen by their employer may apply for Fixed-dollar cover or Unit-based cover. The amount nominated must be greater than the amount of cover for which you are eligible through Standard Default cover, Employer-selected Default cover, or Limited Standard Default cover (as applicable). If your application for Fixed-dollar cover or Unit-based cover is accepted, your existing type and amount of cover will be altered to reflect the type and amount of cover you have requested. Personal account members Members aged 15 or above may apply for either Unit-based cover or Fixed-dollar cover. If your application for Unitbased or Fixed-dollar cover is accepted, your existing type and amount of cover will be altered to reflect the type and amount of cover you have requested. Personal account members may also apply to have their Restricted Standard Default cover removed (that is, cover which is subject to the Pre- Existing Conditions exclusion). If the Insurer accepts your application to remove the Pre-Existing Conditions restriction and/or for an increase in cover, we will advise you of the date that your cover starts and any restrictions (loadings or exclusions) that the Insurer may impose. To increase your cover, please complete an Application for insurance cover form and personal health statement available at mediasuper.com.au/resources. Decreasing your cover All members To decrease your cover, you must write to Media Super advising us that you wish to decrease your insurance cover. If you do decrease your cover and subsequently decide that you would like to re-instate Default insurance cover, you ll need to complete an Application for default insurance cover form and statement of good health. Any cover will be subject to the Insurer s approval, and you won t be eligible for the Automatic Acceptance Level. Cancelling your cover All members To cancel your cover, please complete the Insurance cancellation form available at mediasuper.com.au/resources. Your insurance cover will be cancelled effective from the day Media Super receives the form, and as a result, premiums will no longer be deducted from your account. Note: If you have Death and TPD cover, you can cancel your TPD cover and hold Death only cover instead. Please refer to the Insurance cancellation form for further information. Media Super automatically provides eligible new members with Death only or Death and TPD cover. You can cancel this cover when completing your Media Super Member application form. To increase your cover, please complete an Application for insurance cover form and personal health statement available at mediasuper.com.au/resources. * This section sets out the ability for members to apply for cover under special arrangements. Alternatively, you can apply to increase your cover as described in the next section, at any time. ** Your increased cover will be effective from the date we receive your fully completed form. Units of cover will be fixed, and will no longer increase with age.

11 Super for creative people Income Protection cover Illness or injury could affect you without warning. After your sick pay runs out, how would you pay your bills and meet your ongoing expenses? Income Protection provides you with an income during these times of financial stress. Income Protection replaces a percentage of your salary if you are unable to work for an extended period of time due to illness or injury, and you are either Totally Disabled or Partially Disabled. Which cover will I receive? Employer-sponsored members Income Protection selected by your employer Members are eligible to be automatically covered for Income Protection cover, provided that: a. you are employed by an Employer-sponsor who has elected to provide this cover; and b. you join the Fund within 180 days of joining the Employer-sponsor or your employer becoming an Employer-sponsor of the Fund, and minimum member details are received by the Fund within that time; and c. an employer contribution is received by the Fund on your behalf within 180 days of you joining the Employersponsor or your employer becoming an Employersponsor of the Fund. Where the above requirements have been met, a member will be eligible for automatic Income Protection cover of up to $20,000 per month, and if other eligibility criteria are met, cover commences on the later of the day you joined the Employer-sponsor or your employer becoming an Employer-sponsor of the Fund. All cover is subject to the Pre-Existing Conditions exclusion. Where a member requires cover in excess of $20,000 per month, they can apply to increase their monthly benefit to a maximum of $25,000 per month, subject to underwriting. A member can also request to remove the Pre-existing Conditions exclusion, subject to underwriting. Your Media Super welcome letter should advise you if your employer has elected for you to have Income Protection and should detail your insurance cover (if any). If your employer has not elected to provide Income Protection, you will need to apply for such insurance by completing the relevant sections of the Application for insurance cover form and personal health statement. If accepted by the Insurer, the date from which your insurance cover commences will be detailed in the letter advising you that your application has been accepted. Nominating a salary If you have automatic cover (which excludes Pre-Existing Conditions), your salary will be calculated based on the SG contributions paid to us by your employer. You can nominate a salary (greater or lesser) to be used to determine your benefit and premiums payable. Income Protection selected by you If you are not eligible for automatic cover and want to apply for Income Protection cover, you can apply for cover up to the lesser of: > a maximum of 85% of your salary, plus 9.5% SG paid into your Media Super account; and > $25,000 per month. Any insurance will be subject to the Insurer s approval, terms and conditions (e.g. exclusions, loadings, etc) which will be detailed in the insurance offer. The date your insurance cover commences (if any) will also be detailed in the letter advising you that your application has been accepted. Nominating a salary If you are an Employer-sponsored member with no automatic cover, you can elect to have your salary based on the SG contributions paid to us by your employer. Alternatively, you can nominate a salary. Note: If your Employer-selected Death and TPD cover is salarybased and you elect to have salary-based Income Protection cover, the salary advised by your employer will apply Personal account members Personal account members are eligible to be automatically covered for Income Protection cover, provided that: a. a fully completed Member Application form is received by the Fund; and b. you nominate a salary and waiting period (see section following); and c. a contribution is received by the Fund on your behalf within 180 days of the date you first join the Fund and is sufficient to cover the insurance premium. Where the above requirements have been met, you will be eligible for automatic Income Protection cover of up to $10,000 per month, and cover commences from the date you first joined the Fund.

12 Super for creative people. 12 All cover is subject to the Pre-Existing Conditions exclusion. Where you require cover in excess of $10,000 per month, you can apply to increase your monthly benefit to a maximum of $25,000 per month, subject to underwriting. You can also request to remove the Pre-existing Conditions exclusion, subject to underwriting. Nominating a salary Personal account members must nominate a salary which is to be used to determine your benefit entitlement and premiums payable. Note: If you fail to nominate a salary and waiting period at the time of joining, cover will not apply and any cover will need to be applied for and agreed to by the Insurer. Warning: In the event of a claim, you will be required to provide evidence that your nominated salary is an accurate reflection of your actual salary at the date of disablement. If your actual salary is: less than your nominated salary, your actual salary will be used to calculate your benefit; or more than your nominated salary, your benefit will be calculated on your nominated salary. Waiting periods The waiting period is the number of consecutive days that must elapse during which you are Totally Disabled or Partially Disabled, before you are eligible to be paid any Income Protection benefit. There are three waiting periods - 30, 60 or 90 days. The waiting period that you are accepted for is called the relevant waiting period, and during this period no benefits are payable. Employer-sponsored members with automatic cover generally have a default waiting period of 30 days. However, your employer may elect to choose a different waiting period. Your welcome letter will advise you of the relevant waiting period. If you want to change the waiting period, you will need to complete the Application for insurance cover form and personal health statement. All other members must nominate the waiting period they want when applying for insurance, using the above form. During the waiting period, you can return to work once, for up to five days, without having to start a new waiting period. If this occurs, the days worked will be added to your waiting period. What benefits are payable? Total Disability benefit If you suffer from a Total Disability and the Insurer admits your claim, Income Protection may cover a benefit equal to the lesser of 85% of your salary, plus 9.5% SG paid into your Media Super account, and a fixed-dollar amount of: > $20,000 per month if you are an Employer-sponsored member with automatic cover; or > $10,000 per month if you are a Personal account member with automatic cover; or > $25,000 per month if you have underwritten cover. In all cases, the Insurer s liability is limited to payment of a benefit based on the amount of cover for which premiums have been paid to them, or the maximum benefit, whichever is the lesser. The Total Disability benefit will be paid after the expiration of the relevant waiting period when you: > are Totally Disabled for the relevant waiting period; and > at the expiry of the relevant waiting period, remain Totally Disabled. The benefit begins to accrue from the day after the relevant waiting period. It is payable in arrears, and stops at the earliest of: > the end of the maximum benefit period (104 weeks); > the date you attain age 65; > the date of your death; or > the date you are no longer Totally Disabled. Partial Disability benefit If you suffer from a Partial Disability, and the Insurer accepts your claim, Income Protection will pay a Partial Disability benefit. The Partial Disability benefit is a proportion of the Total Disability benefit, and will be paid when you: > have been Totally Disabled for at least seven days out of the first 12 consecutive days of the relevant waiting period; > are Partially Disabled for the balance of the relevant waiting period; and > at the expiry of the relevant waiting period, remain Partially Disabled; or > you have returned to work or are capable of returning to work in a limited capacity after the Insurer has paid a Total Disability benefit which has not ceased as stated above. The Partial Disability benefit is calculated using the following formula: (A B) A x monthly benefit = Partial Disability benefit Where: A is your pre-disability salary B is the greater of the salary you earn, or are capable of earning, for the month that the Partial Disability benefit is payable. The benefit begins to accrue from the date after you are no longer Totally Disabled or after the waiting period. It is payable in arrears, and stops at the earliest of: > the end of the maximum benefit period (104 weeks*); > the date you attain age 65; > the date of your death; > the date you are no longer Partially Disabled; or > the date you are earning, or are capable of earning, a monthly salary equal to or greater than your predisability salary. * This period includes payment of any associated total disability.

13 Super for creative people. 13 Death benefit Where a member who is in receipt of a Total Disability benefit dies, we will pay a lump sum of twice their current monthly benefit on their date of death, subject to a maximum of $50,000. Rehabilitation benefit While a member is in receipt of a claim under our policy, approved rehabilitation expenses such as the cost of a rehabilitation course, device or course or treatment may be paid directly to the approved provider if the Insurer considers this likely to assist the member s return to work. Any payment of this benefit will be made at the discretion of the Insurer. Workplace modification benefit If the member is receiving Total Disability benefits and the Insurer agrees that modification is necessary to their place of employment in order for them to return to work, the Insurer may pay all or some of the modification expenses to a service provider. Premiums Premiums are based on the relevant waiting period, and are calculated as a percentage of your employer SG contributions received or, where you have nominated a salary, 9.5% of your nominated salary. See the table below: WAITING PERIODS AND PREMIUM RATES 30 days 60 days 90 days % % % INCOME PROTECTION CALCULATOR This table will help you calculate the cost of your Income Protection cover. Salary x SG percentage (9.5%) = SG contribution SG contribution x premium rate percentage (depending on waiting period) = Income Protection premium Your calculations.. $ % Changing your cover Can I cancel or change my cover? Yes, as detailed below. Increasing your cover salary per month x 9.5% (SG contribution) premium rate (depending on waiting period) $ premium per month All members You can elect to increase the amount of your insurance cover by completing the Application for insurance cover form and personal health statement and nominating a salary. Please see the warning on page 12. Any increase will be subject to the Insurer s approval, terms and conditions (e.g. exclusions, loadings, etc) which will be detailed in the insurance offer. Decreasing your cover EXAMPLE Salary per month SG rate SG contribution $ % $475 SG contribution 60-day waiting period Premium $ % $18.02 per month Note: This example is for illustrative purposes only. It is not an estimate or guarantee of the total annual premium payable on your insurance cover. All members To decrease your cover you must write to Media Super advising us that you wish to decrease your insurance cover. If you do decrease your cover, and subsequently decide that you would like to re-instate Default insurance cover, you ll need to complete an Application for default insurance cover form and statement of good health. Any cover will be subject to the Insurer s approval. Cancelling your cover All members To cancel your cover, please complete the Insurance cancellation form available at mediasuper.com.au/ resources. Note: Media Super automatically provides eligible new members with Income Protection cover. You can cancel this cover when completing your Media Super Member Application form.

14 Super for creative people Important information Nominating a beneficiary You may nominate a beneficiary to receive your benefit in the event of your death. Your beneficiary must either be a dependant or legal personal representative. If you do not have dependants or a legal personal representative, or your binding nomination has lapsed or is invalid, the Media Super Trustee will decide who receives your super benefit. It s therefore important you keep your beneficiaries up to date, or if your personal circumstances change, that you review and update your nominations, so we know what your wishes are. Your Death benefit will generally be paid as a lump sum unless the recipient requests the Fund to pay it as a Media Super pension. You can make either a binding or non-binding nomination: Binding A binding nomination is a binding direction from you to Media Super to pay any death benefit to your estate or to one or more dependants nominated by you and in the proportions that you have specified. To make a binding nomination, please call our Super Helpline on for the relevant form. If you decide to make a binding nomination, it is your responsibility to keep the nomination up to date. Binding death benefit nominations lapse three years from the date you make, confirm or vary your nomination. The legal requirements for a binding nomination to be valid include: > the nomination must be in writing; > you must sign and date the nomination in the presence of two witnesses over age 18 who are not nominated beneficiaries; > any nominated beneficiary must be your dependant at the date of your death; > the proportion of the benefit that will be paid to a nominated beneficiary, or to each nominated beneficiary, is certain or readily ascertainable from the nomination; and > less than three years have elapsed since you made the nomination. Non-binding A non-binding nomination means that Media Super will take your nomination of beneficiaries into account, but will not be bound to follow it. To make a non-binding nomination, you must complete the Nominating beneficiaries form in accordance with the instructions set out in the form. A dependant for superannuation law purposes includes: > your spouse (including de facto and same-sex couples); > your children (including natural, step or adopted and children of your spouse). In order to receive the benefit tax-free, children must be under the age of 18. A child over the age of 18 can only receive the benefit tax-free if they are financially dependent on you or have a disability (as defined by legislation); > a person financially dependent on you at the date of death; and > a person in an interdependency relationship with you. An interdependency relationship exists if: > two people have a close personal relationship and they live together; and > one or each of them provides the other with financial support; and > one or each of them provides the other with domestic support and personal care. An interdependency relationship also exists if two people have a close personal relationship and the other requirements are not satisfied because either or both of them suffer from physical, intellectual or psychiatric disability or because they are temporarily living apart. How to make a claim If you would like to make a claim for a: > Total and Permanent Disablement benefit; > Terminal Illness benefit; > Death benefit; or > Income Protection benefit contact us and we will send you the appropriate forms. You should make a claim as soon as reasonably possible. For Income Protection benefits, a claim should be submitted within 30 days of the date of your disability. Any delay may prejudice the assessment of your claim. Single insurance arrangement If an administrative error or contributions from multiple employers result in multiple accounts with insurance cover in your name, you are restricted to claiming insurance benefits under one such account only, and the Insurer will not otherwise be liable.

15 Super for creative people. 15 Frequently asked questions FAQ Death only and Death & TPD Income Protection Am I eligible? Are there any exclusions? Am I covered if I m working overseas? Am I covered if I am on unpaid leave? What if I change jobs does my cover continue? You are eligible for insurance cover if on the date that cover commences, you are: > > a member of Media Super; > > aged between 11 and 64 for TPD cover; > > aged between 11 and 69 for Death (including Terminal Illness) cover. However, to initially apply for Death cover, you must be under age 67; and > > not an Excluded member (see Definitions on page 19). Note: If you are an Employer-sponsored member aged between 11 and 14 and your employer has selected Employer-selected Default cover, you will be provided with Standard Default cover instead of the Employer-selected Default cover, subject to meeting the applicable eligibility conditions. Yes, as listed below. > > The Insurer may offer increased premium rates or exclude any benefit payment if the event giving rise to the claim is caused directly or indirectly from war. > > A benefit will not be paid if you are an Excluded member. > > For Personal account members with Restricted Standard Default cover, where the cause of claim is as a result of a Pre-Existing Condition(s), then no benefit is payable unless the Insurer has agreed in writing to remove the Pre-Existing Conditions cover restrictions. > > For Employer-sponsored members with Limited Standard Default cover, where the cause of a claim is not as a result of a New Event, then no TPD benefit is payable unless the Insurer has agreed in writing to remove the New Events cover restrictions. > > Specific exclusion advised to you in any offer of insurance. Yes, an insured member resident in Australia who is an Australian citizen or permanent resident, New Zealand citizen, or holds a visa to work in Australia, and is temporarily employed overseas, will be provided with cover for a period of up to three years. Where you are working in Australia on a visa, your insured benefit may cease upon your departure from Australia. Yes. However, if you are on unpaid maternity or paternity leave for more than 24 months or another kind of unpaid leave for more than 12 months, then TPD cover is restricted to events specified in parts 2 to 5 of the TPD definition. Yes, if you are an insured member and change jobs or employers, unless you cancel it. If you have Unit-based or Fixed-dollar cover, your cover will continue to be provided on the same basis. If you have Formula-based cover (i.e. a multiple of salary or future service percentage of salary), your amount of cover at the date of ceasing employment with your original employer will be converted to a fixed-dollar amount. Premiums will then be based on those outlined in the table on page 8, and the occupational factor (page 9) will also be applied in calculating the premium payable for the cover provided. You are eligible for Income Protection cover if on the date that cover commences, you are: a. aged between 11 and 64, b. an Australian resident, and c. gainfully employed, and d. not an Excluded member (see Definitions on page 20). If these provisions are not satisfied, you are not eligible for any cover. For Personal account members, cover is not available to a person employed in an excluded occupation*, or who performs any duties of an excluded occupation, unless we have expressly agreed in writing to provide cover for them under the policy. Yes, as listed below. No benefit will be payable if the event giving rise to the claim is caused directly or indirectly by, or arises from: a. war, b. an intentional or self-inflicted act, c. the member engaging in a professional sporting activity, d. the member flying, except as a paying passenger or as a passenger in a chartered plane for the purposes of carrying out the duties of the member s occupation, e. the member s normal and uncomplicated pregnancy, f. the member s involvement in, or perpetration of, a criminal act or acts, g. a Pre-Existing Condition. Yes, an insured member resident in Australia who is an Australian citizen or permanent resident, New Zealand citizen, or holds a visa to work in Australia, and is temporarily employed overseas will be provided with cover for a period of up to three years. Note: If a member resides or travels overseas for more than six months after benefit payments begin, payments may cease. Payments will resume if entitlement is established during the period the member resides in Australia. N/A Yes, if you are an insured member and change jobs or employers, your cover will continue subject to the When does cover end? conditions listed overleaf. The premiums for Income Protection will be deducted from your account, provided there are sufficient funds to cover them. * For further information on excluded occupations, contact the Fund.

16 Super for creative people. 16 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death & TPD Income Protection What if I cease employment? Cover continues even if you cease employment subject to the When does cover end? conditions below. However, while you are not working, only parts 2 to 5 of the Total and Permanent Disablement definition will apply. Cover continues even if you cease employment, subject to the When does cover end? conditions below. The premiums for Income Protection will be deducted from your account, provided there are sufficient funds to cover them. However, if you have been continuously unemployed for 12 months or more at the date you suffer an injury or illness which gives rise to a Partial Disability or Total Disability claim, you will not be entitled to a benefit, as salary is averaged over the 12 months immediately preceding the injury or illness. What if I have a recurring disability? What if I am suffering from multiple injuries and illnesses at the same time? When does cover end? N/A N/A Your insurance cover will cease on the earliest of one of the following dates: > > the policy ends; > > you reach age 70 (for Death cover); > > you reach age 65 (for TPD cover); > > 30 days after the date your account balance becomes insufficient to pay the premium; > > you commence active duty with the armed forces of any country, except as a member of the Australian Defence Force Reserves whilst performing duties within Australia; > > your death; > > a TPD benefit is paid or is payable; > > a Terminal Illness benefit which is equal to the amount of the Death cover is paid; > > Media Super receives your written request for your cover to end (unless your request specifies a later date, in which case the date in the request); > > you cease to be a member of Media Super; > > three years after you depart Australia, subject to being temporarily employed overseas; > > you, if not an Australian resident, are no longer permanently in Australia or eligible to work in Australia. If you are an insured member and were engaged in: > > full-time work prior to a period of disability, and then return to full-time work after such period of disability; or > > part-time work prior to a period of disability, and then return to full-time or part-time work after such period of disability; or > > casual work prior to a period of disability, and then return to casual, full-time or part-time work after such period of disability; and > > you suffer a recurrence of the disability which was the cause of the earlier claim within six months of that earlier claim ending; and > > the policy and your cover are still in force, the Insurer will consider the further claim to be a continuation of the earlier claim. This means that the waiting period will not apply again, but the claim is part of the same benefit period. You can only claim one benefit if you have different injuries and/or illnesses that exist at the same time a benefit is paid. For example, if you receive a benefit for one set of injuries and or illnesses and you are paid for a Total Disability benefit for 104 weeks, you cannot claim another benefit for another set of injuries and/or illnesses that you suffered from during the payment period. Your cover will cease on the earliest of one of the following dates: > > the policy ends; > > you reach age 65; > > if you have nominated a salary, 30 days after the date your Media Super account balance becomes insufficient to pay the premium; > > if you have not nominated a salary, 7 months from the date the last employer contribution was received by the Fund for your account; > > you commence active duty with the armed forces of any country, except as a member of the Australian Defence Force Reserves whilst performing duties within Australia; > > your death; > > you permanently retire from employment; > > Media Super receives your written request for your cover to end (unless your request specifies a later date, in which case, the date specified in the request); > > you cease to be a member of Media Super; > > after 12 months of employer-approved leave, unless otherwise agreed by the Insurer in writing before the expiry of the 12-month period; > > you are working overseas for a longer period than agreed under the policy (generally 3 years); or > > you, if not an Australian resident, are no longer permanently in Australia or eligible to work in Australia. If you are on paid leave, cover will continue, provided you continue to pay the premium.

17 Super for creative people. 17 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death & TPD Income Protection Can the Insurer reduce or refuse to pay a benefit? Yes. The Insurer may reduce or refuse to pay any benefits if: > > your death, terminal illness or total and permanent disablement occurs while you are imprisoned; > > you have not paid the premium; > > you do not comply with the Insurer s claim requirements, such as attending an independent medical examination arranged by and paid for by the Insurer or returning to Australia if you are overseas; or > > you failed to give notice of your disability at the start of your disability, to the extent that the Insurer s assessment or management of your claim is prejudiced. Yes. The Insurer may reduce or refuse to pay any benefits if you have received any of the following other disability income: > > a workers compensation benefit; > > a benefit under any statutory accident compensation scheme; or > > a benefit under any disability, injury or sickness policy (except for lump sum benefits received for total and permanent disablement under such insurance policy). Where payments from any of the above sources are made, your Income Protection benefit will be offset so that the maximum you can receive in total is the lesser of: > > the monthly equivalent of 85% of your Salary; and > > the maximum monthly benefit as applicable. The SG benefit will be reduced proportionally where you are entitled to a Partial Disability benefit or where your Total Disability or Partial Disability benefit is reduced because you are in receipt of payments from any of the above sources. Any Other Disability Income that is in the form of a lump sum, or is commuted for a lump sum, has a monthly equivalent of 1% of the lump sum for each month a disability benefit is paid. If it can be shown that a portion of the lump sum represents compensation for pain and suffering, or the loss of use of a part of the body, we will not take that portion into account as Other Disability Income. Where a common law, workers compensation or statute payment is received as a lump sum, and pain and suffering cannot be isolated from loss of earnings, we will convert this to income on the basis of 1% of the lump sum for each month a disability benefit is paid. The Insurer may cease payments at the earliest of the following events: > > you no longer meet the definition of Total Disability or Partial Disability; or > > you die; or > > the maximum benefit period expires; or > > you attain the maximum insurable age; or > > you are no longer under the care of a doctor; or > > you reside overseas for a period longer than agreed by the Insurer; or > > you fail to provide the Insurer with any requested information that is required to assess your claim; or > > you make a fraudulent claim.

18 Super for creative people. 18 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death & TPD Income Protection Accident cover While your application is being processed, you may be covered for Interim Accident cover. Interim Accident cover provides cover for Death or TPD claims arising from an Accident, and applies to the amount of cover which is subject to an application being considered by the Insurer, up to a maximum of $1.5 million. Where an application for cover is being assessed, the Insurer will provide Accident cover for the type of cover being applied for, up to a maximum level of: a. for Death cover, the lesser of the requested benefit or $1,500,000, b. for Total and Permanent Disablement cover, the lesser of the requested benefit or $1,500,000 (if applicable), Accident cover will be provided from when you submit an application for cover (or an increase in cover) until the earliest following date: a. the Insurer accepts or refuses the application, or b. the application is withdrawn or cancelled, or c. we are advised that the application is not being proceeded with, or d. 90 days have elapsed from the date on which Accident cover began, or e. the policy terminates. Where an application for cover is being assessed, the Insurer will provide Accident cover for the type of cover being applied for up to a maximum level of the requested benefit* or $15,000 per month, payable for the lesser of the agreed benefit period under the policy or a maximum of 24 months. Accident cover will be provided from when you submit an application for cover (or an increase in cover) until the earliest following date: a. the Insurer accepts or refuses the application, or b. the application is withdrawn or cancelled, or c. we are advised that the application is not being proceeded with, or d. 90 days have elapsed from the date on which Accident cover began, or e. the policy terminates. * Please see the warning on page 12. KEEP US INFORMED In order to ensure that you are covered for the correct amount of insurance, and paying the correct premiums, you need to keep us informed of any changes to your employment or salary. For Employer-sponsored members, your employer will generally do this on your behalf, but you should check that this is the case. Don t forget to review your insurance arrangements as your circumstances change. You can apply to change your level of insurance with us at any time during your membership.

19 Super for creative people Definitions Death and Total and Permanent Disablement (Group Life) Accident refers to an event which results in an Injury by visible, violent and external means to the body. At Work means an Insured Member is actively performing all of the duties and hours of their usual occupation for the employer. Death means the Insured Member dies. Excluded member means a member who satisfies one or more of the following: > has declined, or elected to discontinue, insurance cover under any Media Super Group Life policy, including any policy in force before the current policy; > has attained the age of 65 for Total and Permanent Disablement cover or 70 for Death cover; > is not applying for, entitled to or has not previously received a lump sum total and permanent disability benefit or terminal illness benefit from any other source; or > for Personal account members only, because your occupation excludes you from receiving insurance. Illness means a sickness, disease or disorder. Injury means bodily injury that is caused by violent, external and visible means. Limited Standard Default cover means insurance cover that is restricted to: a. Death cover; or b. Death plus New Events Total and Permanent Disablement Cover (if it applies). Limited Standard Default Cover can either be based on the Standard Default Cover of insurance or the Employer-Selected Default Cover, up to the applicable Automatic Acceptance Level. Medical Consultation means treatment or management of an Illness or Injury, including but not limited to the application of prescribed drugs or therapy (whether conventional or alternative). Medical Practitioner means a validly qualified medical practitioner registered to practice in Australia or New Zealand, and is not the Insured Member, their business partner, their immediate family member or employer. New Events Total and Permanent Disablement cover means an Insured Member is only insured for Total and Permanent Disablement caused by an Illness which was diagnosed or an Injury that occurred on or after the Insured Member s cover first commenced under the current Policy. Pre-Existing Condition(s) means either: 1. an Injury of which the Insured Member is having, or has had, a Medical Consultation in the 12 calendar months prior to the date the Insured member s: a. cover commenced; or b. cover increased under the current Policy. However, such an Injury will be covered provided the Insured Member: i. has, with the agreement of a Medical Practitioner, ceased all Medical Consultations for at least 12 calendar months prior to the first date that results in Total and Permanent Disablement; or ii. has not ceased having Medical Consultations in the 12 calendar months prior to the first date that results in Total and Permanent Disablement solely because the Insured Member is on a hospital waiting list for treatment. OR 2. an Illness of which the Insured Member is having, or has had, a Medical Consultation in the six calendar months prior to the date the Insured Member s: a. cover commenced, or b. cover increased under the current Policy. However, such an Illness will be covered provided the Insured Member has, with the agreement of a Medical Practitioner, ceased all Medical Consultations for at least six months prior to the first date that results in Total and Permanent Disablement. Restricted Standard Default cover means cover for the number of units applicable for Standard Default cover. However, Restricted Standard Default cover does not cover any Pre-Existing Conditions. Terminally ill means having suffered an Illness or Injury that is such that, in the opinion of the Insured Member s treating specialist medical practitioners, is likely to lead to the death of the Insured Member within 12 months from the date that they were diagnosed with the Terminal Illness. Total and Permanent Disablement or TPD means: Part 1: Unlikely to return to work If the Insured Member is engaged in a gainful occupation, business, profession or employment when suffering an Injury or Illness, and as a result of that Injury or Illness, they are: a. totally unable to engage in any occupation, business, profession or employment for a period of six consecutive months (unless the Insurer agrees to a shorter period), and b. determined by the Insurer at the end of that six-month period (or lesser time the Insurer agrees in writing with the Proposer), to be permanently incapacitated to such an extent as to render them unlikely ever to engage in any gainful occupation, business, profession or employment, for which they are reasonably suited by their education, training or experience. OR Part 2: Permanent impairment The Insured Member is engaged in a gainful occupation, business, profession or employment when suffering an Injury or Illness and, as a result of that Injury or Illness, they: a. suffer a permanent impairment of at least 25% of whole person function as defined in the American Medical Association publication Guides to the Evaluation of Permanent Impairment, 4th edition, or an equivalent guide approved by the Insurer, and b. are disabled to such an extent, as a result of this impairment, that the Insured Member is unlikely ever again to be able to engage in any occupation, business, profession or employment, for which they are reasonably suited by their education, training or experience OR Part 3: Specific loss As a result of Injury or Illness, the Insured Member suffers the total and permanent loss of the use of: a. two limbs; or b. the sight in both eyes; or c. one limb and the sight in one eye. And, as a result of that Illness or Injury, the Insured Member is disabled to such an extent that the Insured Member is unlikely ever again to be able to engage in any occupation, business, profession or employment for which they are reasonably suited by their education, training or experience. Where: a. loss of sight means the complete loss of functional sight which is permanent, and b. loss of the use of a limb means the total and permanent loss of the use of a whole hand or whole foot. OR Part 4: Loss of independent existence As a result of Injury or Illness, the Insured Member suffers the loss of independent existence. And, as a result of that illness or injury, the Insured Member is disabled to such an extent that the Insured Member is unlikely ever again to be able to engage in any occupation, business, profession or employment for which they are reasonably suited by their education, training or experience. Where loss of independent existence means that the Insurer has determined that the Insured Member is totally and irreversibly unable to perform at least two of the following five activities of daily living without assistance from another adult person.

20 Super for creative people. 20 DEFINITIONS CONTINUED... a. bathing and/or showering; b. dressing and undressing; c. eating and drinking; d. using a toilet to maintain personal hygiene; and e. getting in and out of bed, a chair or wheelchair, or moving from place to place by walking, wheelchair or with assistance of a walking aid. OR Part 5: Cognitive loss As a result of Illness or Injury, the Insured Member suffers cognitive loss. And, as a result of that illness or injury, the Insured Member is disabled to such an extent that the Insured Member is unlikely ever again to be able to engage in any occupation, business, profession or employment for which they are reasonably suited by their education, training or experience. Where cognitive loss means the Insurer has determined a total and permanent deterioration or loss of intellectual capacity which has required the Insured Member to be under continuous care and supervision by another adult person for at least six consecutive months and, at the end of that six-month period, they are likely to require permanent ongoing continuous care and supervision by another adult person. Income Protection Accident refers to an event which results in an Injury by visible, violent and external means to the body. Excluded member means a member who satisfies one or more of the following: > has declined, or elected to discontinue, insurance cover under any Media Super group policy, including any policy in force before the current policy; > has attained the age of 65; > are not applying for, entitled to or have not previously received a lump sum total and permanent disability benefit or terminal illness benefit from any other source; or > for Personal account members only, because your occupation excludes you from receiving insurance. Medical Consultation means treatment or management of an Illness or Injury, including but not limited to the application of prescribed drugs or therapy (whether conventional or alternative). Medical Practitioner means a validly qualified medical practitioner registered to practice in Australia or New Zealand, and is not the Insured Member, their business partner, their immediate family member or employer. Partial disability/partially disabled means, in relation to an Insured Member, that all the following apply: a. the Insured Member has been Totally Disabled for at least seven days out of the first 12 consecutive days during the Waiting Period; and b. has resumed employment, or in the opinion of the Insurer, is deemed capable of returning to partial employment duties; and c. the Salary the Member is earning, or is capable of earning, is less than his or her Pre-Disability Salary due to the Injury or Illness causing Total Disability; and d. the Insured Member must be under the care of a Medical Practitioner. Pre-disability salary means the total monthly value of salary received by the Insured Member from his or her usual occupation, averaged over the 12 months preceding the date of Total or Partial Disability, or the actual period of time the Insured Member worked if less than 12 months (provided the period of work occurred in the 12 month period preceding the date of Total or Partial Disability) if less. The definition of Pre-Disability Salary relates solely to the calculation of the value of A in the formula used to determine any Partial Disability benefit. Pre-Existing Condition(s) means either: 1. an Injury of which the Insured Member is having, or has had, a Medical Consultation in the 12 calendar months prior to the date on which the Insured member s: a. cover commenced; or b. cover increased under the current Policy. However, such an Injury will be covered provided the Insured member: i. has, with the agreement of a Medical Practitioner, ceased all Medical Consultations for at least 12 calendar months prior to the date of Total Disability or Partial Disability; or ii. has not ceased having Medical Consultations in the 12 calendar months prior to the date of Total Disability or Partial Disability because the Insured Member is on a hospital waiting list for treatment. OR 2. an Illness of which the Insured Member is having, or has had, a Medical Consultation in the six calendar months prior to the date on which the Insured Member s: a. cover commenced; or b. cover increased under the current Policy. However, such an Illness will be covered provided the Insured Member has, with the agreement of a Medical Practitioner, ceased all Medical Consultations for at least six months prior to the date of Total Disability or Partial Disability. Salary means: a. For employed Members with a nominated salary: i. cash; ii. regular overtime (averaged over the previous three years, or since the Insured Member started his or her current occupation, if less); iii. the monetary value of non-cash benefits or fringe benefits provided by the Insured Member s employer in direct substitution of salary (as long as the Insured Member is in receipt of the fringe benefit after disability benefit payments have commenced); iv. allowances, averaged over the previous three years, or since the Insured Member started his or her current occupation, if less; v. performance-related commission bonuses and other monetary benefits, averaged over the previous three years, or since the Insured Member started his or her current occupation, if less than three years; or vi. any combination of these components that the Insurer has agreed to include in the definition of the term salary, that the Member receives from his or her current occupation on an annual basis, averaged over the 12 months preceding the date of Total Disability or Partial Disability, or the actual period of time the Member worked if less than 12 months (provided the period of work occurred in the 12-month period preceding the date of Total Disability or Partial Disability). b. For self employed Members where the Member directly or indirectly owns all or part of the business from which he or she earns his or her income, the Member s annual salary will include the total amount earned by the business over the financial year as a direct result of the Member s personal exertion or activities through his or her usual occupation, less his or her share of business expenses, but before the deduction of income tax (or the relevant proportion for part of a financial year). c. For employed Members who do not have a nominated salary, the Member s annual salary will be calculated based on the Superannuation Guarantee Contributions being paid into the Fund by or on behalf of the Member, averaged over 12 months preceding the date of Total or Partial Disability, or the actual period of time the Member worked if less than 12 months (provided the period of work occurred in the 12-month period preceding the date of Total or Partial Disability). Total disability / totally disabled means solely as a result of Injury or Illness, the Insured Member is: a. medically certified as being incapable of performing one or more duties of his or her usual occupation necessary to produce income; b. not engaged in any occupation; and c. under the care of a Medical Practitioner.