Fixed insurance cover

Fact sheet and form Fixed insurance cover When it comes to insurance cover, one size doesn t necessarily fit all. That s why you have the ability to convert your Death and Total & Permanent Disablement (TPD), Death-only or TPD-only insurance cover (typically provided as unitised cover) to fixed cover if you prefer the certainty that fixed cover can provide. What this fact sheet covers This fact sheet provides information about converting your Death and TPD, Death-only or TPD-only insurance cover to fixed cover (rather than unitised cover), including: an explanation of fixed cover versus unitised cover, how fixed cover works, including the costs of fixed cover, some important factors to consider, and how to apply for fixed cover. You ll also find the Fixed insurance cover application form at the back of this fact sheet, which you will need to use when applying to convert your existing unitised cover to fixed cover (see How do I apply for fixed cover? on page 3 of this fact sheet for more information). Fixed versus unitised what s the difference? Eligible UniSuper members can purchase Death and TPD, Death-only or TPD-only insurance cover as unitised cover or as fixed cover. Unitised cover is based on a level of cover that decreases as you age. Your weekly premium generally remain the same as you get older. The default one unit of Death and TPD (or Death-only) insurance cover that you are provided with on joining the Fund is provided as unitised cover unless you elect to convert it to fixed cover when you complete your membership application form. Who is this fact sheet for? UniSuper members who wish to convert their existing Death and TPD, Death-only or TDP-only insurance cover from unitised to fixed cover. Who provides the insurance cover? The Death and TPD insurance cover is provided through the group life policies the Trustee has with TAL Life Limited ABN 70 050 109 450 (referred to as the Insurer throughout this fact sheet). With fixed cover, the amount you re insured for stays the same each year until you reach age 61 (for TPD cover), or you choose to change your amount of cover. The premiums you pay for fixed cover increase from year to year. For some members, this certainty in their level of insured benefit provides much-needed peace of mind. (Note that insurance premiums and the level of insured benefits for both fixed and unitised cover can be expected to change from time to time. We ll give you prior written notice of any changes.) What s best for me? UniSuper members have exclusive access to comprehensive financial advice through UniSuper Advice. So if you d like some advice about your insurance cover and some help in determining which type of cover best suits your needs, contact UniSuper Advice on 1300 331 685. ADVICE unisuper.com.au

So how does fixed cover work? How much fixed cover can I apply for? As stated earlier, with fixed cover, your level of insured Death and TPD, Death-only or TPD-only cover generally remains the same up until you reach age 61. Fixed cover is a specific dollar amount of cover rounded to the nearest $1,000. Between the ages of 61 and 69 (inclusive), fixed TPD cover reduces by 10% each year. For example, if you had $100,000 TPD cover at age 60, your cover at age 61 would be $90,000, at age 62 it would be $80,000, and so on. Death cover does not reduce as you get older. Regardless of whether you have fixed or unitised cover, your TPD cover ceases when you reach age 70, and your Death cover ceases when you reach age 75. You can increase your level of fixed Death-only, Death and TPD cover or TPD-only cover in multiples of $1,000. Additional fixed cover will generally start from the date UniSuper accepts the application. You may need to provide additional information before the Insurer will approve your application for additional cover. The amount of Death cover you can apply for is unlimited, subject to the Insurer s agreement. The amount of TPD cover you have must not exceed $3 million, but can exceed the amount of Death cover you have. What does fixed cover cost? While fixed cover provides you with a fixed level of cover until age 61, your insurance premiums may increase as you age. The table to the right shows the annual premium cost per $1,000 of insured benefit. Fixed cover annual premium rates # per $1,000 insured benefit Age (next birthday) Deathonly ($) TPD-only ($) Death and TPD ($) Age (next birthday) Deathonly ($) TPD-only ($) Death and TPD ($) 15-35 0.24 0.20 0.40 56 2.02 1.65 3.27 36 0.26 0.21 0.41 57 2.18 1.78 3.53 37 0.28 0.22 0.43 58 2.35 1.93 3.83 38 0.29 0.23 0.47 59 2.50 2.05 4.07 39 0.31 0.26 0.51 60 2.68 2.21 4.37 40 0.34 0.29 0.56 61 2.96 2.43 4.83 41 0.38 0.31 0.61 62 3.31 2.72 5.39 42 0.42 0.36 0.69 63 3.75 3.09 6.12 43 0.48 0.39 0.77 64 4.02 3.31 6.56 44 0.53 0.44 0.88 65 4.33 3.55 7.06 45 0.61 0.50 0.98 66 4.90 4.02 7.98 46 0.67 0.54 1.08 67 5.63 4.62 9.18 47 0.74 0.61 1.19 68 6.25 5.14 10.20 48 0.83 0.69 1.35 69 7.04 5.77 11.48 49 0.92 0.75 1.48 70 8.03 6.60 13.11 50 1.02 0.84 1.67 71 9.37 n/a 9.37^ 51 1.15 0.94 1.88 72 11.24 n/a 11.24^ 52 1.25 1.03 2.04 73 14.05 n/a 14.05^ 53 1.41 1.15 2.30 74 17.56 n/a 17.56^ 54 1.57 1.29 2.55 75 22.48 n/a 22.48^ 55 1.75 1.44 2.86 # Premiums shown include stamp duty and an administration fee of 11% of the insurance premium charged by the insurer to cover the costs associated with administering the insurance arrangements. The administration fee is inclusive of GST and the benefit of any tax credits that are applicable to the Trustee. Please note, insurance premiums are not fixed and can be expected to change from time to time. Members will be given written notice of any changes. ^ Death-only paid; no TPD benefit after age 70 next birthday. unisuper.com.au

Fixed Death & TPD cover: an example Suzie is 55 years old and wants to make sure she has $250,000 of Death and TPD cover. As she will be 56 on her next birthday, she must use the premium rate for 56 (see previous page). Here s how she works out the weekly cost of her fixed cover premiums: ($250,000 1000) x ($3.27 52 weeks) = $15.72 At age 56 next birthday, to have $250,000 in Death & TPD cover, Suzie will pay premiums of $15.72 per week. Note: Suzie s premiums will increase as she gets older, and her TPD cover will be subject to a reducing scale from age 61. Converting to fixed cover Provided you are under age 61, you can convert your unitised cover to fixed cover at any time. Before you consider this, there are a few conditions you should be aware of. Converting to fixed cover is a once-only election. If you convert your unitised cover to fixed cover, you will be unable to convert your optional cover back to unitised cover at a future date. In addition, it is not possible to fix only a portion of your insurance cover you must permanently fix all of your Death and TPD, Death-only or TPD-only insurance cover. If you hold Death and TPD cover, you must fix both the Death and TPD components of this cover. How do I apply for fixed cover? Unitised Death and TPD or Death-only insurance cover is provided to most UniSuper members automatically when they first join, and members can take out additional cover if they wish. The method you choose for converting this unitised cover to fixed cover will depend on how recently you joined UniSuper. Please consider the following options to determine how to make the conversion. If you apply within 180 days of you becoming first eligible to join UniSuper When completing your UniSuper membership application form, providing you do so within 180 days of when you became first eligible to join the Fund, simply elect the fixed cover option on your membership application form. Your default cover (and any additional cover you apply for, if applicable), will be converted to fixed cover when your form is received by the Fund. If you apply more than 180 days after you became first eligible to join UniSuper To convert your existing unitised Death and TPD, Death-only or TPD-only insurance cover to fixed cover, you ll need to complete the Fixed insurance cover application form attached to the back of this fact sheet. You can also apply online at unisuper.com.au, through MemberOnline or by calling us on 1800 331 685. Completed forms should be returned to UniSuper using the details shown on the form. When converting unitised cover to fixed cover, the conversion takes effect from the date UniSuper accepts the application. The value of your existing unitised optional insurance cover (as at the time of conversion) will be rounded up to the nearest $1,000 when the conversion takes place. This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser. This information is current as at January 2015 and is based on our understanding of legislation at that date. Information is subject to change. To the extent that this fact sheet contains information which is inconsistent with the UniSuper Trust Deed and Regulations (together the Trust Deed), the Trust Deed will prevail. Issued by: UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No. 235907 on behalf of UniSuper Limited the trustee of UniSuper, Level 35, 385 Bourke Street, Melbourne Vic 3000. Fund: UniSuper, ABN 91 385 943 850 Trustee: UniSuper Limited, ABN 54 006 027 121 Date: January 2015 UNIS00F67 0115 unisuper.com.au

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Fact sheet Your guide to proof of identity To prove you are the person to whom the superannuation entitlements belong, you are required by law to provide certified copies of proof of identity documents in certain circumstances. For example: when withdrawing your benefit, receiving a death benefit, starting a pension and in some circumstances transferring your super to another fund. If you have provided UniSuper with your correct Tax File Number (TFN) we may be able to process rollover and transfer requests to another super fund without additional proof of identity. If your TFN cannot be validated, or you wish to transfer to a self managed super fund or have a member benefit paid, you will need to provide us with certified copies of proof of identity documents. Step 1: Acceptable documents UniSuper will accept either one document from List A or two documents from List B. List A A certified copy of a: A Current drivers licence A A Current passport issued by the Commonwealth that has not expired within the past two years List b A certified copy of a: Birth certificate or birth extract issued by a State or Territory of Australia A Australian citizenship certificate A A A pension card issued by Centrelink that entitles the person to financial benefits. And: Notice of Assessment from the Australian Taxation Office (less than 12 months old) containing your name and residential address Letter from Centrelink regarding a government assistance payment Rates notice from local council (less than 12 months old) containing your name and residential address Electricity, gas or water bill within the past three months that contains your name and residential address. Step 2: How to certify documents What is a certified copy? A certified copy is a copy of an original identification document, which has been certified and signed by a person who is authorised to certify that it is a true and correct copy of the original. How do I obtain a certified copy of a document? You will need to take your original document(s) and a clear photocopy of both sides of the original document to a person who is authorised to certify proof of identity documents (see Step 3). How is a document certified? The authorised person will need to: 1. Sight the original document and the copy to ensure that both documents are identical, 2. Write or stamp this is a true and correct copy of the original document I have sighted or certified true copy, followed by their: signature printed name qualification (i.e. Justice of the Peace), and date Example I certify that this is a true and correct copy of the original document I have sighted. B Smith Signature: Name: Benjamin Smith Qualification: Police Officer Date: 2 January 2013 What if I recently changed my name or I m signing on behalf of another member? Your name must be the same as shown on your proof of identity. If you have changed your name you will need to provide a certified copy of what is called a linking document. A linking document is a document that proves a relationship exists between two (or more) names. unisuper.com.au

If you are signing on behalf of another UniSuper member, you will also need to provide a linking document. The linking document you provide must be certified or it can t be accepted. Examples of linking documents are: Purpose Change of name Signing on behalf of another member Important information Suitable linking document A Marriage certificate A A Deed poll or change of name certificate from the Registry of Births, Deaths and Marriages Power of Attorney Guardianship papers All pages of your proof of identity documents must be certified. The certification must be on the copy of the document, not on a separate page attached to the document. The certified copies of your proof of identity documents must contain an original signature. Faxed or emailed copies will not be accepted. If any documents are written in a language other than English, they must be accompanied by an English translation prepared by an accredited translator. Documents certified more than 12 months ago will not be accepted. Step 3: Find someone to certify your documents Who can certify my identification documents? Only certain people are authorised to certify identification documents. Many of these are listed below: 1. A person who is currently licensed or registered under a law of a State or Territory to practise in one of the following occupations: Chiropractor Dentist Legal practitioner Medical practitioner Nurse Optometrist Patent attorney Pharmacist Physiotherapist Psychologist Trade marks attorney Veterinary surgeon 2. One of the following persons: Teacher employed on a full-time basis at a school or tertiary education institution Agent of the Australian Postal Corporation who is in charge of, or a permanent employee with two or more years of continuous service with, an office supplying postal services to the public Bank, building society, credit union or finance company officer with two or more years of continuous service Clerk, Master, Registrar or Deputy Registrar of a court Judge of a court or a Magistrate Justice of the Peace Member of the Institute of Chartered Accountants in Australia, the Australian Society of Certified Practising Accountants, the Institute of Public Accountants or the Association of Taxation and Management Accountants, or a Fellow of the National Tax Accountants Association Notary public Police officer A person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as a legal practitioner An officer with, or Authorised Representative of, a holder of an Australian Financial Services Licence, with two or more years of continuous service with one or more licensees An officer with, or a Credit Representative of, a holder of an Australian Credit Licence, with two or more years of continuous service with one or more licensees Member residing overseas For members residing overseas, the persons who are authorised to certify identification documents are: Australian Consular Officer or Australian Diplomatic Officer (within the meaning of the Consular Fees Act 1955) Employee of the Commonwealth or the Australian Trade Commission who is: a. in a country or place outside Australia; and b. authorised under paragraph 3(c) or paragraph 3(d), respectively, of the Consular Fees Act 1955; and c. exercising his or her function in that place A person authorised as a notary public in a foreign country Any person who is in a country or place outside Australia and: a. is currently licensed or registered in Australia (under a State or Territory law) to practise in an occupation listed in part 1 above; or b. holds a position in Australia listed in part 2 above (for full list see unisuper.com.au). Members residing overseas must have their identification documents certified by a person who has an Australian connection (as set out above). Any documents certified by a person who is licensed or registered to practise in an occupation listed above in a foreign country (and not in Australia), or who holds a position in a foreign country, will not be accepted by UniSuper (except for a foreign notary public). This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser. This information is current as at July 2015 and is based on our understanding of legislation at that date. Information is subject to change. To the extent that this fact sheet contains information which is inconsistent with the UniSuper Trust Deed and Regulations (together the Trust Deed), the Trust Deed will prevail. Issued by: UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No. 235907 on behalf of UniSuper Limited the trustee of UniSuper, Level 35, 385 Bourke Street, Melbourne Vic 3000. Fund: UniSuper, ABN 91 385 943 850 Trustee: UniSuper Limited, ABN 54 006 027 121 Date: July 2015 UNIS000F80 0715 unisuper.com.au

Fixed insurance cover application form About this form Use this form to convert your existing unitised insurance cover to fixed cover. This is a once-only election during the lifetime of your membership with UniSuper. If you choose to convert your existing unitised insurance cover to fixed cover, you will be unable to switch back to unitised cover in the future. Please read the attached Fixed insurance cover fact sheet and the Insurance in your super booklet to ensure that you understand the benefits and risks associated with fixing your insurance cover. Important information By choosing to convert your existing unitised insurance cover to fixed insurance cover, you are electing to be covered for a specific dollar amount of cover that is equivalent to your current level of unitised insurance cover (rounded up to the nearest $1,000). Combinations of unitised and fixed insurance cover are not available. You cannot fix Income Protection insurance cover. With fixed cover, the amount you re insured for stays the same each year until you reach age 61, or you choose to change your amount of cover. See Insurance in your super booklet for a table showing the annual fixed cover premium cost for $1,000 sum insured. Fixed insurance cover premiums and the level of insured benefits are not fixed and can be expected to change from time to time. Members will be given prior written notice of any changes. Please note, any fixed TPD cover you hold will decrease by 10% per annum between the ages of 61 and 69 (inclusive), and cease at age 70. Are you eligible? You can apply to convert your existing unitised insurance cover to fixed cover at any time, provided you are under 61 years of age. TPD cover ceases on your 70th birthday. Death-only fixed insurance cover ceases on your 75th birthday. Further information If you need further information or help to complete this form: call us on 1800 331 685, or visit our website unisuper.com.au. Privacy information UniSuper recognises the importance of protecting your personal information and is committed to complying with its privacy law obligations. For more information on how we collect and manage your information please refer to the Privacy statement at the end of this form. SECTION 1 Member details Please use BLACK or BLUE BALL POINT PEN and print in CAPITAL LETTERS. Cross where required All fields in Section 1 are mandatory. Please ensure you complete all fields. UniSuper member number If you are unsure of your member number, refer to your most recent UniSuper correspondence or call us on 1800 331 685. Title Mr Mrs Ms Dr Professor Other Surname Given name Date of birth (DDMMYYYY) What phone number do you want us to call you on if there is a question we need to ask you regarding this form? Contact number (during business hours) ( ) Email address @ Residential address, number and street (not PO Box) Suburb/Town State Postcode Country (if not Australia) Fund: UniSuper ABN 91 385 943 850 UNISF00064 0115 Trustee: UniSuper Limited ABN 54 006 027 121 January 2015 Level 35, 385 Bourke Street, Melbourne Vic 3000 ÊF00064À0115aŠ Administrator: UniSuper Management Pty Ltd ABN 91 006 961 799 AFSL 235907

SECTION 1 Continued Is your postal address different from your residential address? No. Go to SECTION 2 Yes. Please provide your postal address below. Postal address, number and street (or PO Box if applicable) Suburb/Town State Postcode Country (if not Australia) SECTION 2 Eligibility for fixed cover Are you less than 61 years of age? No. You are ineligible to convert your existing unitised insurance cover to fixed cover. Yes. Go to SECTION 3 SECTION 3 Member declaration and signature Please read this declaration before you sign and date your form. I declare that the information I have given on this form and any accompanying pages is true and correct. I have received, read and understood the information in my UniSuper membership PDS, the Insurance in your super booklet and the Fixed insurance cover fact sheet. I understand that all insurance cover is subject to the terms and conditions of the policy. If I fail to provide all or part of the information required or consent to the Insurer obtaining such information, as it requires, this application will not be assessed and processed. I have read the duty of disclosure and understand my obligations under the Insurance Contracts Act 1984 as explained in the Insurance in your super booklet. I acknowledge that I have read and understood the privacy information in my member PDS and consent to my personal information being used in accordance with UniSuper s Privacy Policy. I understand that insurance cover does not apply until my application has been accepted by UniSuper. Signature SECTION 3 Acknowledgement This is a once-only election. If you choose to convert your existing unitised insurance cover to fixed cover, you will be unable to switch back to unitised cover in the future. (Please tick the box if you want to convert your existing unitised insurance cover to fixed cover) Yes. Please convert my existing unitised Death-only or Death & TPD or TPD-only insurance cover to fixed cover. The current value of your existing unitised insurance cover will be rounded up to the nearest $1,000 when converted to fixed insurance cover. Please note, conversion from unitised cover to fixed cover takes effect from the date UniSuper accepts the application. Date (DDMMYYYY) Returning your form: UniSuper Level 35, 385 Bourke Street Melbourne Vic 3000 together with any additional documentation. Page 2 of 3

Privacy statement UniSuper recognises the importance of protecting your personal information and we re committed to complying with our privacy law obligations. We collect your personal information to administer your account, improve our products and services and to provide you with, and promote, UniSuper membership benefits, services and products. You consent to our collecting sensitive information about you, where collecting that information is reasonably necessary for us to perform one or more of our functions or activities. We usually collect personal and sensitive information directly from you, however, it may also be collected from third parties, such as your employer. We may also collect this information from you because we are required or authorised by or under an Australian law or a court/ tribunal order to collect that information. If you do not provide this information, we may not be able to administer your account, or provide you with a product or service. We may disclose your information to any service provider we engage (for example mail-houses, auditors, insurers, actuaries, lawyers) to carry out or assist us to provide your membership benefits, services and products. This includes overseas entities. Where information is transferred overseas, we will seek to ensure the recipient of the data has security systems to prevent misuse, loss or unauthorised disclosure in line with Australian laws and standards. Our Privacy Policy contains information about how you may access any personal information held by us, how to correct your information and how to make a complaint about a breach of the Privacy Act. Our Privacy Policy is available from our website at unisuper.com.au or by calling us on 1800 331 685 between 8.30am and 7.00pm Monday to Thursday and 8.30am and 6.30pm Friday (Melbourne time). Page 3 of 3

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