PRINT. MEDIA. ENTERTAINMENT. ARTS. OURCOMMUNITY GUIDE

Transcription

1 PRINT. MEDIA. ENTERTAINMENT. ARTS. OURCOMMUNITY GUIDE Issued 18 July 2018

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 and Permanent Disablement (TPD) insurance 4 Automatic cover 4 Which cover will I receive? 5 What benefits are payable? 5 Premiums 7 3. Income Protection cover 10 Which cover will I receive? 10 What benefits are payable? 11 Premiums Important information 15 Changing your cover 15 Nominating beneficiaries 15 How to make a claim 16 Single insurance arrangement 16 Frequently asked questions Definitions 22 Death and Total and Permanent Disablement (Group Life) 22 Income Protection Stay in touch 30 HOW TO APPLY STEP 1 READ THIS GUIDE Make sure that you have read and understood this guide and the additional information that forms part of this guide. We also recommend that you consider obtaining financial advice from a licensed financial planner. STEP 2 FILL OUT FORM To apply for default insurance cover complete the Application for default insurance cover form and statement of good health available at mediasuper.com.au/forms. If you would like cover greater than the default levels complete the Application for insurance cover form and personal health statement available at mediasuper.com.au/forms. STEP 3 POST Post your completed forms to: Media Super, GPO Box 4303 Melbourne VIC NEED HELP? Our team of Business Development Managers is available to talk to you about Media Super s insurance offering and help you make informed decisions about your insurance needs. They can also refer you to a financial planner if you require personal advice. Their details are available at mediasuper.com.au/bdm. This Insurance Guide was prepared on 18 July 2018 and issued by Media Super Limited, Level 15, 45 Clarence Street, Sydney NSW 2000, ABN , AFSL (Trustee), the Trustee of Media Super (ABN , SPIN 0100AU, USI ) (Fund). The information in this document forms part of the Media Super Member Guide Product Disclosure Statement (PDS) issued 18 July You should read this document in conjunction with the PDS before you make a decision about Media Super. Warning: 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 planner. Information in the PDS and the additional information that forms part of the PDS (including this document) may change from time to time. We will notify members in writing of any significant events or material changes. 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 at the time of issuing this document. 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 and 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 22 to 24. If you would like a copy of the policies, call our Super Helpline on

3 PRINT. MEDIA. ENTERTAINMENT. ARTS PROTECTION WHEN YOU NEED IT MOST Your health, family and income-earning potential are among 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. Holding insurance through your super has the additional benefit of the premiums being deducted directly from your super account, with no impact on your household budget. 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 Monthly Income, including superannuation contributions, if you are unable to work because of illness or injury and are either Totally Disabled* or Partially Disabled.* 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: # > > Employer-sponsored Default Cover; and > > 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 Limited Standard Default Cover; and > > Income Protection (subject to a New Events Cover condition, defined on page 24). * These benefits will be paid to you from the Fund subject to you also satisfying a condition of release for superannuation purposes. See Important information box below. # 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 that two different legally qualified medical practitioners, one of which must be a specialist medical practitioner within the field of medicine related to the illness/ injury causing your incapacity, have certified that, due to ill-health (either physical or mental), you re not likely to be gainfully employed in a capacity for which you re reasonably qualified. 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/pds. 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 a period (the certification period) that ends not more than 24 months after the date of the certification; > > at least one of the registered medical practitioners is a specialist practicing in an area related to the illness or injury; and > > for each certificate, the certification 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 applicable definitions above must be satisfied. See pages 22 to 24 for the current insurance definitions.

4 4 2. DEATH ONLY AND DEATH AND TOTAL AND PERMANENT DISABLEMENT (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 Death and TPD cover when you join Media Super (see page 17 for details). You re also covered if you re temporarily working overseas. This is just another way we look after our members whose jobs require overseas travel or assignments. 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 below. The AAL will be based on the number of insured employees at your place of employment and will be provided based on the type of cover chosen by your employer. The table 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. 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 changes as you get older. > > Fixed-dollar cover: cover is provided as a fixed dollar amount. The cost of insurance premiums changes as you get older. > > Formula-based cover (Employer-selected cover only): calculated as a percentage of future service times 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. AUTOMATIC ACCEPTANCE LEVELS Number of insured employees Cover 1 4 Nil 5 9 $200, $350, $600, $800, Individual Consideration

5 PRINT. MEDIA. ENTERTAINMENT. ARTS. 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, provided you meet 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. In particular, if you join the Fund aged under 25, you will automatically receive insurance for the default number of units on your 25th birthday (i.e. when your age next birthday is 26), subject to eligibility conditions. We will notify you of this change at that time. If you are aged under 25, you may apply for death only or death and TPD cover, subject to underwriting. 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; or > > 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 under 25 and your employer has selected Employer-selected Default Cover (Fixeddollar or Formula-based), you will be provided with Default Cover subject to meeting the applicable eligibility condition, when you turn 25 (i.e. when your age next birthday is 26). Cover that is subject to underwriting will only be provided to members aged under 25. Limited Standard Default Cover Where you do not meet the requirements (see page 17 for details) for Standard Default Cover or Employer-selected Default Cover, you will receive Limited Standard Default Cover. However, you must still meet the requirements set out at c (see page 17 for details). 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 (subject to a New Events Cover condition, defined on page 24); or > > Death and TPD cover (subject to a New Events Cover condition), 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 120-day timeframes (see page 17), 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 Limited Standard Default Cover Personal account members who are eligible for insurance will automatically receive Limited Standard Default Cover which is subject to a New Events Cover condition. 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. You can apply to have the New Events Cover condition removed subject to underwriting (see page 15 for details). 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.

6 6 The maximum amount of cover offered for Death is $5 million. For information about nominating beneficiaries, see page 15. Total and Permanent Disablement (TPD) benefit To receive a TPD benefit, you must satisfy the definition of Total and Permanent Disablement (see pages 23 to 24 for details). Members are covered for TPD benefits regardless of the number of hours worked. 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 for Total and Permanent Disablement is $2 million. The date for determination of the amount of TPD benefit depends on the applicable definition of Total and Permanent Disablement (see pages 23 to 24 for details). If your TPD claim is approved by the Insurer, the insured benefit amount will be allocated to Media Super s Cash investment option, with effect from the date when the insurance proceeds are received by the Fund. Members can then transfer the amount from the Cash investment option to their preferred investment option. 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 page 3 for details). In some cases the Insurer may reduce or refuse to pay a benefit if you don t meet certain criteria (see page 20 for details). 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 Terminal Illness (see page 23 for details) and the conditions detailed below. A Terminal Illness benefit is payable if: > > the policy is in force; > > you satisfy the definition of Terminal Illness (see page 23 for details); > > you have not lodged and do not intend to lodge a claim for a TPD benefit; > > your cover has not ended (see page 19 for details); 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 Cash investment option, 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 page 3 for details).

7 PRINT. MEDIA. ENTERTAINMENT. ARTS. 7 Premiums Premiums are calculated weekly and deducted from your account monthly and on exit from the Fund. The applicable premium will depend on the type of cover you have. Standard Default Cover, Employerselected Default Cover (unit-based) and Limited 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 you may receive based on your 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 table below. Any medical loading placed on your cover by the Insurer will also impact on the premium that will apply to you. The cost per unit of cover per week is: Death and TPD: $0.34* Death only: $0.23* Additional units of TPD: $0.11* * Plus any applicable loadings. Note: these numbers are rounded to the nearest cent. The full amounts are: Death and TPD: $0.3403, Death only: $0.2322, Additional units of TPD: $ INSURED BENEFIT AND COST OF INSURANCE (STANDARD DEFAULT COVER) Age next birthday Standard Default units Cover per unit Standard Default Cover Death TPD Death TPD Death and TPD Cost per week for Standard Default Cover Death only TPD ^ 0 $33,900 $12, ^ 0 $38,400 $12, $42,500 $12,500 $170,000 $50,000 $1.36 $0.93 $ $38,600 $10,000 $193,000 $50,000 $1.70 $1.16 $ $29,000 $10,000 $145,000 $50,000 $1.70 $1.16 $ $21,700 $8,000 $108,500 $40,000 $1.70 $1.16 $ $19,700 $8,000 $98,500 $40,000 $1.70 $1.16 $ $17,900 $8,000 $89,500 $40,000 $1.70 $1.16 $ $16,200 $8,000 $81,000 $40,000 $1.70 $1.16 $ $14,800 $8,000 $74,000 $40,000 $1.70 $1.16 $ $13,500 $7,000 $67,500 $35,000 $1.70 $1.16 $ $12,100 $7,000 $60,500 $35,000 $1.70 $1.16 $ $10,900 $7,000 $54,500 $35,000 $1.70 $1.16 $ $9,800 $7,000 $49,000 $35,000 $1.70 $1.16 $ $8,800 $7,000 $44,000 $35,000 $1.70 $1.16 $ $7,800 $5,000 $39,000 $25,000 $1.70 $1.16 $ $7,000 $5,000 $35,000 $25,000 $1.70 $1.16 $ $6,300 $5,000 $31,500 $25,000 $1.70 $1.16 $ $5,700 $5,000 $28,500 $25,000 $1.70 $1.16 $ $5,300 $5,000 $26,500 $25,000 $1.70 $1.16 $ $4,800 $4,000 $24,000 $20,000 $1.70 $1.16 $ $4,000 $4,000 $20,000 $20,000 $1.70 $1.16 $ # 5 $4,000 $20,000 $ Subject to underwriting, additional units of TPD can be purchased up to a maximum of the member s level of death cover. (See page 15 for details). ^ Members aged 25 and under do not receive default insurance. It is opt-in only. # TPD cover ceases at age 65 and Death cover ceases at age 70.

8 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; 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. Any medical loading will also impact on the premium that will apply to you. Premium rates for Fixed-dollar cover and Formula-based cover change as you become older. FIXED-DOLLAR COVER AND FORMULA-BASED COVER Annual premiums per $1000 insured Fixed-dollar cover and Formula-based cover Age next birthday Death and TPD Death only $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ * $ Tapering If you have Fixed-dollar cover or Formula-based 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, % $20, % $20, % $0 * TPD cover ceases at age 65 and Death cover ceases at age 70.

9 PRINT. MEDIA. ENTERTAINMENT. ARTS. 9 IT S THE FUND FOR CREATIVE PEOPLE LIKE ME. GREG ROSE, Senior Designer 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. We will advise if you have a medical loading on your Death only or Death and TPD cover. EXAMPLE 1 A member who will turn 36 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. ANNUAL PREMIUM $200,000 / $1,000 = 200 $ $ EXAMPLE 2 A member who will turn 44 next birthday has requested Death and TPD cover of $100,000 and has a medical loading of 50%. The annual premiums are based on each $1,000 insured. STEP 1 STEP 2 STEP 3 ANNUAL PREMIUM Calculate premium without medical loading Calculate medical loading Calculate premium with medical loading $100,000 / $1,000 = 100 $ $ $ $ % $78.88 $ $78.88 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 10 3. 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. Media Super s Income Protection cover is Unit-based with two benefit periods available 5 years and to age 65 and you re also covered if you re working temporarily overseas. Which cover will I receive? All members Standard Default Cover Both Employer-sponsored members and Personal account members are eligible (see page 17 for details) to be automatically covered for Income Protection cover. Standard Default Cover is Unit-based and determined using your age next birthday. The number of units and the value of cover you will receive is based on your age as shown in the table on page 12. Each unit represents $500 of cover per month. The number of units will increase as you get older to allow for a possible higher salary and increased financial obligations as you get older. This cover has a waiting period of 30 days and a benefit period of 5 years. Personal account member cover is subject to a New Events Cover condition, defined on page 24, which can be requested to be removed subject to underwriting. The default level of cover you receive may not match your actual salary, so you can apply for additional units in excess of Standard Default Cover and up to $12,000 per month (subject to a New Events Cover condition). Any applications for cover above $12,000, but up to the maximum benefit limit of $30,000 is subject to underwriting. Members can request to remove the New Events Cover condition subject to underwriting. Note: Employer-sponsored members 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. If you are an Employer-sponsored member under 25 and your employer has selected Employer-selected Default Cover, you will be provided with Default Cover subject to meeting the applicable eligibility condition, when you turn 25 (i.e. when your age next birthday is 26). Cover that is subject to underwriting will only be provided to members aged under 25. See Non Default Income Protection following. Non Default Income Protection 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 75% of your Monthly Income, plus 12% super paid into your Media Super account; and > > $30,000 per month. This cover is Unit-based and enables you to select the waiting period you require either 30, 60 or 90 days. Each unit represents $500 of cover per month, and the premium is calculated using the relevant waiting period premium rate multiplied by the number of units requested as shown in the table on page 12. This cover has a benefit period of 5 years. Any insurance will be subject to the Insurer s approval, underwriting, terms and conditions (e.g. New Events Cover condition, exclusions, loadings), 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. Income Protection to age 65 As the name suggests, this cover enables you to have an Income Protection benefit paid to age 65. Subject to underwriting, you can apply for cover up to the lesser of: > > a maximum of 75% of your Monthly Income, plus 12% super paid into your Media Super account; and > > $30,000 per month. The premiums for this cover are based on age, gender and waiting period as shown in the table on page 13. Each unit represents $100 of cover per month. An occupational factor will also apply to Income Protection cover to age 65. Occupational factors are based on the classification that the Insurer applies to the nature of your occupation. WARNING In the event of a claim, you will be required to provide evidence that your level of cover is based on an accurate reflection of your actual Monthly Income at the date of disablement. The benefit payable in the event of a claim is the lesser of 87% (75% of your Monthly Income, plus 12% super paid into your Media Super account) of your actual Monthly Income and your level of cover.

11 PRINT. MEDIA. ENTERTAINMENT. ARTS. 11 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. Members with automatic cover generally have a default waiting period of 30 days. However, you or 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. Members applying for Non Default Cover 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 5 days, without having to start a new waiting period. If this occurs, the days worked will be added to your waiting period. Different premium rates apply to each waiting period (see page 12 to 13 for details). Benefit period The benefit period is the length of time you will receive an Income Protection payment if you suffer an illness or injury, and you are either Totally Disabled or Partially Disabled and unable to work. There are two benefit periods available to Media Super members 5 years and to age 65. Underwriting applies to the age 65 benefit period. Different premium rates apply to each benefit period as detailed in the Premiums section. What benefits are payable? Total Disability and Partial Disability benefits replace up to 87% of your Monthly Income and are paid as 75% income to you and 12% super paid into your Media Super account. Total Disability benefit If you suffer from a Total Disability and the Insurer admits your claim, Income Protection may cover a monthly benefit: > > equal to the lesser of 75% of your Monthly Income (see page 24 for details), plus 12% super paid into your Media Super account; and > > your insured monthly benefit; or > > $30,000 per month. 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. In some cases the Insurer may reduce or refuse to pay a benefit if you don t meet certain criteria (see page 20 for details). 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 ends. It is payable in arrears, and stops at the earliest of: > > the end of the maximum benefit period (either 5 years or to age 65 as per the benefit period you ve chosen); > > the date you attain age 65 for members who elected a benefit period to 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 ceased to suffer Total Disability and met the Partial Disability definition. To be eligible for Partial Disability you must suffer Total Disability for a period of 7 days of 12 consecutive days. The Partial Disability benefit is calculated using the following formula: (A B) A x C = Partial Disability benefit Where: A is your pre-disability Monthly Income. B is the Monthly Income earned during the month of Partial Disability. C is the monthly benefit, which would otherwise be payable if you had suffered Total Disability. The benefit begins to accrue from the later of 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* (either 5 years or to age 65 as per the benefit period you ve chosen); > > the date you attain age 65 for members who elected a benefit period to 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 Income equal to or greater than your predisability salary. *This period includes payment of any associated Total Disability benefit. Death benefit Where a member who is in receipt of a Total Disability or Partial Disability benefit dies, a lump sum of twice their current monthly benefit on their date of death, subject to a maximum of $50,000 may be payable.

12 12 Rehabilitation benefit While a member is suffering Total Disability or Partial Disability, approved rehabilitation expenses such as the cost of a rehabilitation course, device 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 or Partial 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. Any payment of this benefit will be made at the discretion of the Insurer. Premiums Premiums are deducted from your account monthly and on exit from the Fund. The premium payable will depend on the type of Income Protection cover that you hold (members need to take into consideration waiting period, units and benefits). Premiums are waived during the period that a Total Disability benefit is payable. Standard Default Cover This cover is calculated based on your age next birthday. A default number of units are allocated to each age. Each unit represents $500 of cover per month. The maximum benefit payment period for Standard Default Cover is 5 years. WEEKLY PREMIUMS PER $500 INSURED Age next birthday Standard Default units Standard Default Cover per month Cost per week for Standard Default Cover* $4,000 $ $4,500 $ $5,000 $ $5,500 $ $6,000 $ $6,500 $ $7,000 $ $7,500 $16.66 EXAMPLE Sally is 27 next birthday and is eligible for automatic cover. She will receive 8 units of cover to a value of $4,000 per month at a premium cost of $8.88 per week. Non Default Income Protection This option allows you to select a number of units, where each unit represents $500 of cover per month, and a waiting period. The premium is calculated using the relevant waiting period premium rate multiplied by the number of units requested. The maximum benefit payment period for Non Default Income Protection is 5 years. WAITING PERIODS AND WEEKLY PREMIUM RATES 30 days 60 days 90 days $ $ $ EXAMPLE David would like $8,000 of cover per month with a 60-day waiting period. Each unit of cover represents $500, which means David requires 16 units of cover. His premium is worked out as follows: Number of units 60-day waiting period Cost per week 16 $ $11.95 WARNING It is important for members to review the units they have chosen/received to ensure that it is line with their Monthly Income so that they receive the correct benefit. * Please note the Standard Default waiting period is 30 days.

13 PRINT. MEDIA. ENTERTAINMENT. ARTS. 13 Benefit period to age 65 The premiums for Income Protection cover with a benefit period to age 65 are based on age, gender, waiting period and occupational factor. Each unit represents $100 of cover per month. ANNUAL PREMIUMS PER $100 MONTHLY BENEFIT Age next birthday 30-day waiting period 60-day waiting period 90-day waiting period Male Female Male Female Male Female $8.81 $12.41 $7.18 $10.18 $5.24 $ $8.91 $12.56 $7.28 $10.33 $5.36 $ $9.02 $12.65 $7.39 $10.43 $5.39 $ $9.12 $12.77 $7.48 $10.52 $5.47 $ $9.24 $12.88 $7.59 $10.64 $5.51 $ $9.17 $13.23 $7.45 $10.88 $5.24 $ $9.17 $13.57 $7.36 $11.13 $5.00 $ $9.15 $13.94 $7.28 $11.40 $4.82 $ $9.17 $14.31 $7.23 $11.64 $4.60 $ $9.23 $14.66 $7.18 $11.91 $4.49 $ $9.42 $15.26 $7.29 $12.41 $4.43 $ $9.70 $15.95 $7.44 $13.00 $4.41 $ $10.05 $16.80 $7.65 $13.64 $4.47 $ $10.48 $17.77 $7.94 $14.35 $4.53 $ $10.98 $18.87 $8.26 $15.15 $4.66 $ $11.57 $20.11 $8.65 $16.02 $4.84 $ $12.22 $21.43 $9.11 $16.97 $5.02 $ $12.94 $22.89 $9.61 $18.02 $5.28 $ $13.71 $24.45 $10.17 $19.12 $5.57 $ $14.56 $26.10 $10.80 $20.38 $5.96 $ $15.49 $27.85 $11.48 $21.71 $6.33 $ $16.48 $29.66 $12.22 $23.12 $6.83 $ $17.56 $31.58 $13.02 $24.64 $7.35 $ $19.08 $34.20 $13.88 $26.28 $7.99 $ $20.64 $36.83 $14.82 $27.99 $8.69 $ $22.20 $39.46 $15.81 $29.78 $9.50 $ $23.63 $41.70 $16.91 $31.67 $10.42 $ $25.14 $43.98 $18.05 $33.63 $11.45 $ $26.72 $46.31 $19.30 $35.68 $12.64 $ $28.40 $48.65 $20.64 $37.77 $13.95 $ $30.15 $51.00 $22.04 $39.91 $15.38 $ $32.00 $53.34 $23.52 $42.07 $16.99 $ $33.93 $55.67 $25.11 $44.27 $18.69 $ $35.94 $57.96 $26.75 $46.41 $20.43 $ $38.00 $60.18 $28.51 $48.53 $22.19 $ $40.11 $62.30 $30.31 $50.55 $24.37 $45.50

14 14 BENEFIT PERIOD TO AGE 65 CONTINUED... ANNUAL PREMIUMS PER $100 MONTHLY BENEFIT Age next birthday 30-day waiting period 60-day waiting period 90-day waiting period Male Female Male Female Male Female 53 $42.24 $64.31 $32.14 $52.44 $26.67 $ $44.37 $66.11 $33.98 $54.16 $29.02 $ $46.46 $67.72 $35.80 $55.62 $31.44 $ $48.45 $69.00 $37.55 $56.77 $33.82 $ $50.29 $69.92 $39.15 $57.56 $36.07 $ $51.87 $70.40 $40.53 $57.88 $38.11 $ $53.08 $70.30 $41.59 $57.60 $39.78 $ $53.77 $69.45 $42.18 $56.60 $40.88 $ $53.67 $67.60 $42.03 $54.66 $41.12 $ $52.38 $64.42 $40.84 $51.44 $40.12 $ $49.03 $59.00 $37.77 $46.24 $37.06 $ $40.25 $48.08 $30.27 $36.56 $28.67 $ $20.45 $24.72 $14.13 $17.20 $9.61 $10.23 OCCUPATIONAL FACTORS Occupational class Premium factor Professional 0.90 White-collar 1.00 Light Manual 1.40 Blue-collar 2.20 Heavy Manual 3.00 EXAMPLE 1 Tom is a blue-collar worker (occupational factor 2.20) who will turn 33 on his next birthday. He s requested $5,000 of cover per month with a waiting period of 30 days. The annual premium is based on each $100 insured. ANNUAL PREMIUM $5,000 / $100 = 50 $12.22 $ $1, EXAMPLE 2 Jenny is a professional worker (occupational factor 0.90) who will turn 47 on her next birthday. She s requested $10,000 of cover per month with a waiting period of 90 days. The annual premium is based on each $100 insured. ANNUAL PREMIUM $10,000 / $100 = 100 $31.41 $3, $2, 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.

15 PRINT. MEDIA. ENTERTAINMENT. ARTS IMPORTANT INFORMATION Changing your cover Automatic cover Media Super automatically provides eligible new members with Death and TPD cover and Income Protection cover. You can decline this cover when completing your Media Super Member application form or if your membership has been completed on your behalf or online you ll need to complete the Insurance cancellation and reduction form. (See Cancelling your cover for details.) Increasing your cover Death and TPD cover 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. All members aged 15 or above may apply for either Unit-based cover or Fixed-dollar cover. If your application for Unit-based 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. If applying to increase your Unit-based cover, subject to underwriting, additional units of TPD can be purchased separately up to a maximum of your level of death cover. However, the TPD sum insured cannot be greater than that of the death cover. The cost for additional units of TPD is shown in the table on page 7. To increase your cover, please complete the Application for insurance cover form and personal health statement available at mediasuper.com.au/forms. Income Protection cover You can elect to increase the amount of your Income Protection cover, but any increase will be subject to the Insurer s approval, terms and conditions (e.g. New Events Cover condition, defined on page 24, exclusions, loadings), which will be detailed in the insurance offer. Please also see the warning on page 12. To increase your cover, please complete the Application for insurance cover form and personal health statement available at mediasuper.com.au/forms. Decreasing your cover All cover To decrease your cover, please complete the Insurance cancellation and reduction form available at mediasuper.com.au/forms. 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 or, if you want to increase your cover to another level, you ll need to complete an Application for insurance cover form and personal statement. Any cover will be subject to the Insurer s approval, and may require underwriting, and you won t be eligible for the Automatic Acceptance Level. Cancelling your cover All cover To cancel your cover, please complete the Insurance cancellation and reduction form available at mediasuper.com.au/forms. 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. Cooling-off period Members will have 28 days (known as the cooling-off period) from the date of their welcome letter to cancel their insurance and have their premiums refunded. This coolingoff period will not apply if there has been any claim or potential insurance claim made. Further, no benefit will be payable to a member who has cancelled their cover during the cooling-off period. Removing New Events Cover condition All cover Members with Limited Standard Default Cover may apply to have the New Events Cover condition, defined on page 24, removed from their cover. If the Insurer accepts your application to remove the New Events Cover condition, we will advise you of the date that this cover starts and any restrictions (loadings or exclusions) that the Insurer may impose. To apply to remove the New Events Cover condition, please complete an Application for insurance cover form and personal health statement available at mediasuper.com.au/forms. 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 and reduction form for further information.

16 16 Nominating beneficiaries You may nominate one or more beneficiaries to receive your benefit in the event of your death. Your beneficiaries must either be a dependant or legal personal representative. It s important you keep your beneficiaries up to date, or if your personal circumstances change, that you review and update your nomination, so we know what your wishes are. If you do not make a nomination, it is invalid or (in certain circumstances) it lapses, the Trustee will decide who receives your super benefit. Your Death benefit will generally be paid as a lump sum unless a 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 spouses); > > 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 one of the following benefits, contact us and we will send you the appropriate forms: > > Total and Permanent Disablement benefit; > > Terminal Illness benefit; > > Death benefit; or > > Income Protection benefit. 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.

17 PRINT. MEDIA. ENTERTAINMENT. ARTS. 17 Frequently asked questions FAQ Death only and Death and TPD Income Protection Am I eligible for automatic cover? Employer-sponsored members: 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 120 days of being employed by the Employer-sponsor or your employer becoming an Employersponsor 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 120 days of you being employed by the Employer-sponsor or your employer becoming an Employer-sponsor 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; d. you are At Work (see page 22 for details) on the date that cover commences; and e. you satisfy the other eligibility criteria (see page 18 for details). If you satisfy the above, your default insurance cover will commence on the later of the date you first joined your Employersponsor as an employee or your employer becoming an Employer-sponsor of the Fund. Where a member joins the Fund outside of the agreed 120-day period mentioned under b and c or they are not At Work on the date cover commences, they will be eligible for Standard Default Cover or Employer-sponsored Default Cover (provided that d above is satisfied), this cover will be subject to a New Events Cover condition, defined on page 24, only for a 24-month period commencing from the date that the member joined the Fund. If they are At Work at the end of that 24-month period, the New Events Cover condition will revert to full cover from that date. If at this date they are not At Work, they will retain the New Events Cover condition until they are again At Work, at which time the New Events Cover condition will revert to full cover. Where requirements in a, b, c, d and e have been met, a member will be eligible for Standard Default Cover based on their age next birthday (see page 7 for details), and other eligibility criteria. Cover commences on either the later of the day you joined the Employersponsor or your employer becoming an Employer-sponsor of the Fund, or as a Personal account member (subject to a New Events Cover condition) from the date you first joined the Fund. Younger Member means an Eligible Person who joined the Fund on or after 1 July 2018, who is an existing member of the Fund, who has not yet had their 25th birthday. For an Eligible Person who is a Younger Member in the Employer Sponsored Division: An Agreed Benefit for an Eligible Person who joins the Fund on or after 1 July 2018 who has not yet had their 25th birthday will not commence on joining the Fund. The Agreed Benefit for a Younger Member who joins the Fund on or after 1 July 2018 will commence on their 25th birthday provided that: i. their account balance is sufficient to pay the first monthly premium, and ii. they are At Work on that date that cover commences. Where they are not At Work on that date, then they are eligible for New Events cover until they have been At Work for 30 consecutive days. A Younger Member may apply for cover at any time subject to underwriting. An Eligible Person will not receive an Agreed Benefit if they are applying for, entitled to, or have been paid, a total and permanent disablement benefit or terminal illness benefit from any other superannuation fund or life insurance policy. Both Employer-sponsored members and Personal account members (subject to a New Events Cover condition) are eligible to be automatically covered for Income Protection cover, provided that: a. you are employed by an Employersponsor who has not elected to opt-out of this cover; or as a Personal account member a fully completed Member application form is received by the Fund; and b. you join the Fund within 120 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 (Employer-sponsored members only); c. an employer contribution is received by the Fund on your behalf within 120 days of you joining the Employer-sponsor or your employer becoming an Employersponsor of the Fund; or as a Personal account member a contribution is received by the Fund on your behalf within 120 days of the date you first join the Fund and is sufficient to cover the insurance premium; d. 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; e. you are At Work (see page 22 for details) on the date that cover commences; and f. you satisfy the other eligibility criteria (see page 18 for details). Where a member joins the Fund outside of the agreed 120-day period mentioned under b and c or they are not At Work on the date cover commences, they will be eligible for Standard Default Cover or Employersponsored Default Cover (provided that d above is satisfied), this cover will be subject to a New Events Cover condition only for a 24-month period commencing from the date that the member joined the Fund. If they are At Work at the end of that 24-month period, the New Events Cover condition will revert to full cover from that date. If at this date they are not At Work, they will retain the New Events Cover condition until they are again At Work, at which time the New Events Cover condition will revert to full cover. Where requirements in a, b, c, d, e and f have been met, a member will be eligible for Standard Default Income Protection cover based on their age next birthday (see page 12 for details), and other eligibility criteria. Cover commences on either the later of the day you joined the Employer-sponsor or your employer becoming an Employersponsor of the Fund, or as a Personal account member (subject to a New Events Cover condition) from the date you first joined the Fund.

18 18 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death and TPD Income Protection Am I eligible for Personal account members: automatic cover? In order to receive automatic Limited Standard continued Default Cover the following must be satisfied: a. a fully completed and signed Member application form is received by the Fund; and b. a contribution has been received by the Fund on your behalf within 120 days of the date you first joined the Fund and the contribution is sufficient to cover the insurance premium; and c. you are not applying for, entitled to, or have been paid a total and permanent disablement or terminal illness benefit from any superannuation fund or life insurance policy. If this provision is not satisfied, then you are not eligible for cover. Where the above requirements have been met, Limited Standard Default Cover commences. The commencement date is as follows: a. Where an employer contribution has been received by the Fund on your behalf, the earlier of the date you commenced employment, provided that date is within the period outlined under b above or the effective date of the employer contribution, or b. For all other contributions received, the latter of the date the Member application form is received by the Fund or the date a contribution is received by the Fund sufficient to cover the insurance premium. If you are an Employer-sponsored member who joined the Fund on or after 1 July 2018 aged under 25: An Agreed Benefit for an Eligible Person who joins the Fund on or after 1 July 2018 who has not yet had their 25th birthday will not commence on joining the Fund. The Agreed Benefit for a Younger Member who joins the Fund on or after 1 July 2018 will commence on their 25th birthday provided that: i. their account balance is sufficient to pay the first monthly premium, and ii. they are At Work on that date that cover commences. Where they are not At Work on that date, then they are eligible for New Events cover until they have been At Work for 30 consecutive days. A Younger Member may apply for cover at any time subject to underwriting. An Eligible Person will not receive an Agreed Benefit if they are 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. Am I eligible? You are eligible for Death only or Death and TPD cover if on the date that cover commences, you are: a. a member of Media Super, and: i. aged between 11 and 64 for TPD cover; and ii. aged between 11 and 69 for Death (including Terminal Illness) cover. However, to initially apply for Death cover, you must be under age 67; b. an Australian resident, or hold a visa to work in Australia (must be currently valid in accordance with the Migration Act 1958); and c. not working in an Excluded Occupation* (applicable to Personal account members only) (see page 22 for details). If these provisions are not satisfied, you are not eligible for any cover. Note: If you are an Employer-sponsored member aged between 11 and 14 and your employer has selected Employerselected Default Cover, you will be provided with Standard Default Cover instead of the Employer-selected Default Cover, subject to meeting the applicable eligibility conditions. When you turn 15, your Standard Default Cover will automatically be converted to the Employer-selected Default Cover. You are eligible for Income Protection cover if on the date that cover commences, you are: a. a member of Media Super aged between 11 and 64; b. an Australian resident, or hold a visa to work in Australia (must be currently valid in accordance with the Migration Act 1958); c. gainfully employed; and d. not working in an Excluded Occupation* (applicable to Personal account members only) (see page 24 for details). If these provisions are not satisfied, you are not eligible for any cover. What if I change jobs does my cover continue? 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. 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 as shown in the table on page 8. 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 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 the Insurer has expressly agreed in writing to provide cover for them under the policy. For further information on Excluded Occupations, contact the Fund.

19 PRINT. MEDIA. ENTERTAINMENT. ARTS. 19 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death and TPD Income Protection Are there any exclusions? Am I covered if I m working overseas? Am I covered if I am on unpaid leave? What if I cease employment? What if I have a recurring disability? What if I am suffering from multiple injuries and illnesses at the same time? Yes, as listed below. a. 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, except where you re there solely for the purpose of working in your normal occupation within our member industries e.g. journalist, cameraman. b. A benefit will not be paid if you are working in an Excluded Occupation* (applicable to Personal account members only). c. For members with Limited Standard Default Cover, where the cause of a claim is as a result of a New Events Cover condition, defined on page 24, then no TPD benefit is payable unless the Insurer has agreed in writing to remove the New Events Cover condition. d. Specific exclusions advised to you in any offer of insurance. Yes, an Insured Member resident in Australia who is an Australian citizen, New Zealand citizen or is permanently living in Australia, or holds a visa to work in Australia, and is temporarily employed overseas, will be provided with cover for a period of up to 3 years provided premiums continue to be paid. 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. Cover continues even if you cease employment, subject to the When does cover end? conditions below. However, while you are not working, TPD cover is restricted to events specified in parts 2 to 5 of the TPD definition. N/A N/A 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, except where you re there solely for the purpose of working in your normal occupation within our member industries e.g. journalist, cameraman. b. self-inflicted harm or attempted suicide; 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 aircraft for the purposes of carrying out the duties of the member s occupation, or travelling in an aircraft owned by the employer for the purpose of work in your normal occupation; e. the member s normal and uncomplicated pregnancy or childbirth; f. the member s participation in a criminal act; or g. a New Events Cover condition. Note: Specific exclusions will be advised to you in any offer of insurance. Yes, an Insured Member resident in Australia who is an Australian citizen, New Zealand citizen or is permanently living in Australia, or holds a visa to work in Australia, and is temporarily employed overseas, will be provided with cover for a period of up to 3 years provided premiums continue to be paid. Note: If a member resides or travels overseas for more than 6 months after benefit payments begin, payments may cease. Payments will resume if entitlement is established and the member returns to Australia. Yes, if the leave is employer approved leave and premiums continue to be paid, cover will continue up to 12 months. After that 12 months, cover will cease unless the Insurer has been notified and grants approval for a longer period of leave. Cover continues even if you cease employment, subject to the When does cover end? conditions below. 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 Monthly Income is averaged over the 12 months immediately preceding the injury or illness. The premiums for Income Protection will be deducted from your account, provided there are sufficient funds to cover them. A claim will be treated as a continuation of an earlier claim if: a. the policy and your cover are still in force; and b. the claim is caused by the same medical condition as the earlier claim; and c. you have returned to active full-time work for less than 6 months since the earlier claim ended (your usual hours of work prior to the earlier claim will be considered your full-time work for this purpose). 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 5 years, you cannot claim another benefit for another set of injuries and/or illnesses that you suffered from during the payment period.

20 20 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death and TPD Income Protection Can the Insurer reduce or refuse to pay a benefit? Am I eligible for Accident cover? Yes, the Insurer may reduce or refuse to pay any benefits if: a. you have not paid the premium; b. you do not comply with the Insurer s claim requirements, such as attending an independent medical examination arranged and paid for by the Insurer or returning to Australia if you are overseas; or c. 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. While your application for cover 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; or 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; b. the application is withdrawn or cancelled; c. the Insurer is advised that the application is not being proceeded with; d. 90 days have elapsed from the date on which Accident cover began; or e. the policy terminates. Yes, the Insurer may reduce or refuse to pay any benefits if you have received any of the following Other Disability Income: a. a workers compensation benefit; b. a benefit under any statutory accident compensation scheme; or c. 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 due, your Income Protection monthly benefit (see page 12 for details) will be reduced by those amounts. 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, the Insurer 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: a. you no longer meet the definition of Total Disability or Partial Disability; b. you die; c. the maximum benefit period expires; d. you reach age 65; e. you are no longer under the care of a doctor; f. you reside overseas for a period longer than agreed by the Insurer; g. you fail to provide the Insurer with any requested information that is required to assess your claim; or h. you make a fraudulent claim. 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 of the following dates: a. the Insurer accepts or refuses the application; b. the application is withdrawn or cancelled; c. the Insurer is advised that the application is not being proceeded with; 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.

21 PRINT. MEDIA. ENTERTAINMENT. ARTS. 21 FREQUENTLY ASKED QUESTIONS CONTINUED... FAQ Death only and Death and TPD Income Protection When does cover end? Your insurance cover will cease on the earliest of the following dates: a. the policy ends; b. you reach age 65 (for TPD cover); c. you reach age 70 (for Death cover); d. 30 days after the date your account balance becomes insufficient to pay the premium; e. 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; f. your death; g. a TPD benefit is paid or is payable; h. a Terminal Illness benefit which is equal to the amount of the Death cover is paid; i. 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); j. you cease to be a member of Media Super; k. you are working overseas for a longer period than agreed under the policy (generally 3 years); l. you not being an Australian resident or you do not hold a visa to work in Australia (that is currently valid in accordance with the Migration Act 1958) or are no longer in Australia permanently. Your cover will cease on the earliest of the following dates: a. the policy ends; b. you reach age 65; c. 30 days after the date your account balance becomes insufficient to pay the premium; d. 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; e. your death; f. you permanently retire from employment; g. 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); h. you cease to be a member of Media Super; i. after 12 months of unpaid employer-approved leave, unless otherwise agreed by the Insurer in writing before the expiry of the 12-month period; j. you are working overseas for a longer period than agreed under the policy (generally 3 years); k. you not being an Australian resident or you do not hold a visa to work in Australia (that is currently valid in accordance with the Migration Act 1958) or are no longer in Australia permanently; l. you make a fraudulent claim under the policy; m. after 12 months of unemployment; or n. you are paid a TPD benefit in which case your IP cover will cease from the date of disablement. If you are on paid leave, cover will continue, provided you continue to pay the premium. KEEP US INFORMED In order to ensure 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, Australian residency or salary. For Employersponsored 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. Duty of disclosure Before you enter into or become insured under a contract of insurance with an insurer, you have a duty, under the Insurance Contracts Act 1984, to disclose to the insurer every matter that you know, or could reasonably be expected to know, is relevant to the insurer s decision whether to accept the risk of the insurance and, if so, on what terms. You have the same duty to disclose those matters to the insurer before you renew, extend, vary or reinstate your insurance. Your duty, however, does not require disclosure of a matter: > > that diminishes the risk to be undertaken by the insurer; > > that is of common knowledge; > > that your insurer knows or, in the ordinary course of its business, ought to know; or > > as to which compliance with your duty is waived by the insurer. Non-disclosure If you fail to comply with your duty of disclosure, there may be consequences in the event that the insurer would not have provided the cover on any terms if the non-disclosure had not occurred. If the non-disclosure is not fraudulent, the insurer may avoid your cover within 3 years of issuing it. If the nondisclosure is fraudulent, the insurer may avoid your cover at any time. An insurer who is entitled to avoid death cover may, within 3 years of issuing the death cover, elect not to avoid it but to reduce the sum that you have been insured for in accordance with a formula that takes into account the premium that would have been payable if you had disclosed all relevant matters to the insurer. An insurer who is entitled to avoid cover, other than death cover, may, at any time, elect not to avoid it but to: > > reduce the sum that you have been insured for in accordance with a formula that takes into account the premium that would have been payable if you had disclosed all relevant matters to the insurer; or > > vary your cover in such a way as to place the insurer in the position it would have been if you had complied with your duty of disclosure. Your duty of disclosure continues after you have completed your insurance application until your application has been accepted by the insurer and confirmation of your cover is issued to you in writing.

22 22 5. 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 Occupation means a member whose occupation excludes them from receiving insurance, as determined by the Insurer. Illness means a sickness, disease or disorder. Immediate Assessment Conditions means Blindness, Cardiomyopathy, Chronic Lung Disease, Dementia and Alzheimer s Disease, Diplegia, Hemiplegia, Loss of Hearing, Loss of Speech, Major Head Trauma, Motor Neurone Disease, Multiple Sclerosis, Muscular Dystrophy, Paraplegia, Parkinson s Disease, Primary Pulmonary Hypertension, Quadriplegia, Severe Burns, Severe Rheumatoid Arthritis or Tetraplegia. Definitions relating to Immediate Assessment Conditions Blindness means the permanent loss of sight in both eyes, whether aided or unaided, due to Illness or Injury to the extent that visual acuity is 6/60 or less in both eyes or to the extent that the visual field is reduced to 20 degrees or less of arc, as certified by an ophthalmologist. Cardiomyopathy means a condition of impaired ventricular function of variable aetiology (often not determined) resulting in significant physical impairment, i.e. Class 3 on the New York Heart Association classification of cardiac impairment. Chronic Lung Disease means the permanent and stage respiratory failure with FEV1 test results of consistently less than 1 litre, requiring continuous permanent oxygen therapy. Dementia and Alzheimer s Disease means the clinical diagnosis of dementia (including Alzheimer s disease) as confirmed by a consultant neurologist, psycho-geriatrician, psychiatrist or geriatrician. The diagnosis must confirm permanent irreversible failure of brain function resulting in significant cognitive impairment for which no other recognisable cause has been identified. Where, significant cognitive impairment means a deterioration in the person s Mini-Mental State Examination scores to 24 or less and deterioration would continue but for any effective treatment. Dementia related to alcohol, drug abuse or Acquired Immune Deficiency Syndrome is excluded. Diplegia means the total loss of function of both sides of the body due to Illness or Injury, where such loss of function is permanent. Doctor means a validly qualified Doctor registered to practice in Australia or New Zealand, and is not the Insured Member, their business partner, their immediate family member or employer. Hemiplegia means the total loss of function of one side of the body due to Illness or Injury, where such loss of function is permanent. Loss of Hearing means the complete and irrecoverable loss of hearing, both natural and assisted from both ears as a result of Illness or Injury, as certified by a specialist the Insurer considers appropriate. Loss of Speech means the total and irrecoverable loss of the ability to produce intelligible speech as a result of permanent damage to the larynx or its nerve supply or the speech centres of the brain. The loss must be certified by an appropriate medical specialist. Major Head Trauma means Injury to the head resulting in neurological deficit causing either: a. a permanent loss of at least 25% whole person function (as defined by the American Medical Association publication Guides to the Evaluation of Permanent Impairment: 4th Edition or the equivalent guide to the evaluation of impairment approved by the Insurer; or b. the permanent and irreversible inability to perform without the assistance of another person any two of the following activities of daily living: i. dressing: the ability to put on and take off clothing; ii. toileting: the ability to use the toilet, including getting on and off; iii. mobility: the ability to get in and out of bed and a chair; iv. continence: the ability to control bowel and bladder function; v. feeding: the ability to get food from a plate into the mouth. As certified by a consultant neurologist. Motor Neurone Disease means unequivocal diagnosis of motor neurone disease by a consultant neurologist and confirmed by neurological investigations. Multiple Sclerosis means the unequivocal diagnosis of multiple sclerosis as confirmed by a consultant neurologist and characterised by demyelination in the brain and spinal cord evidenced by Magnetic Resonance Imaging or other investigations acceptable to the Insurer. There must have been more than one episode of well-defined neurological deficit with persisting neurological abnormalities. Muscular Dystrophy means the unequivocal diagnosis of muscular dystrophy by a consultant neurologist. Paraplegia means the permanent loss of use of both legs or both arms resulting from spinal cord Illness or Injury. Parkinson s Disease means the unequivocal diagnosis of Parkinson s disease by a consultant neurologist where the consultant neurologist confirms that the condition: a. is the established cause of two or more of the following: i. muscular rigidity; ii. resting tremor; iii. bradykinesia; and b. has caused significant progressive physical impairment, likely to continue progressing but for any treatment benefit. The person must be following advice and treatment of a specialist neurologist. Primary Pulmonary Hypertension means primary pulmonary hypertension associated with right ventricular enlargement established by cardiac catheterisation resulting in significant permanent physical impairment to the degree of at least Class 3 on the New York Heart Association classification of cardiac impairment. Quadriplegia means the permanent loss of use of both arms and both legs resulting from spinal cord Illness or Injury. Severe Burns means third-degree burns to 20% or more of the body surface, or to the whole of the face or the whole of both hands requiring surgical debridement and/or grafting.

23 PRINT. MEDIA. ENTERTAINMENT. ARTS. 23 DEFINITIONS CONTINUED... Severe Rheumatoid Arthritis means the unequivocal diagnosis of severe rheumatoid arthritis by a rheumatologist. The diagnosis must be supported by and evidence all of the following criteria: a. at least a 6-week history of severe rheumatoid arthritis which involves three or more of the following criteria: i. proximal interphalangeal joints in the hands; ii. metacarpophalangeal joints in the hands; iii. metatarsophalangeal joints in the foot, wrist, elbow, knee or ankle; b. simultaneous bilateral and symmetrical joint soft tissue swelling or fluid (not bony over growth alone); and c. typical rheumatoid joint deformity and at least two of the following criteria: i. morning stiffness; ii. rheumatoid nodule; iii. erosions seen on x-ray imaging; iv. the presence of either a positive rheumatoid factor or the serological markers consistent with the diagnosis of severe rheumatoid arthritis. Degenerative osteoarthritis and all other arthritis are excluded. Tetraplegia means the total and permanent loss of use of both arms and both legs, together with loss of head movement, due to brain Illness or Injury or spinal cord Illness or Injury. Injury means bodily injury that is caused by violent, external and visible means. Gainfully Employed means employed or self-employed for gain or reward in any business, trade, profession, vocation, calling, occupation or employment. Limited Standard Default Cover means insurance cover that is restricted to: a. Death cover for New Events Cover condition, defined on page 24; or b. Death and Total and Permanent Disablement cover for New Events Cover condition. 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. New Events Cover condition means cover for an Illness diagnosed or an Injury that occurs on or after the date cover commenced or recommenced for an Insured Member under the policy. Terminal Illness means a disease or condition that, in the opinion of two registered Doctors approved by the Insurer, is highly likely to lead to the Insured Member s death within a period of 24 months (the Certification Period) from the date the Doctor provides certification in respect of the Terminal Illness and the Certification Period must not have ended. At least one of the registered Doctors must be a specialist in the field to which the Terminal Illness relates. Total and Permanent Disablement or TPD means: Where an Insured Member: a. is Gainfully Employed for an average of at least 15 hours per week on a permanent basis or casual basis (including as a Contractor); and b. has been both covered under the policy and employed for at least 6 consecutive months immediately prior to the Date of Disablement; or c. has been covered under the policy or employed for less than 6 consecutive months immediately prior to the Date of Disablement and has worked for an average of at least 15 hours per week since becoming an Insured Member under the policy; the Insurer will pay the Total and Permanent Disablement benefit in respect of the Insured Member if the Insured Member satisfies either part 1, 2, 3, 4 or 5 below while the policy is in force. Where an Insured Member does not satisfy item a and b or c above, the Insurer will pay the Total and Permanent Disablement benefit in respect of the Insured Member if the Insured Member satisfies either part 3, 4 or 5 below while the policy is in force. The 6-month waiting period is waived and assessment of a claim commences immediately where the Insured Member is suffering one or more of the Immediate Assessment Conditions and all claim requirements have been received by the Insurer. In order to satisfy the conditions of Part 3, 4 or 5, the Insured Member must also be so disabled to such an extent as a result of that Illness or Injury, that the Insured Member is unable 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. Part 1: Unable to return to work If the Insured Member is Gainfully Employed when suffering an Injury or Illness and, as a result of that Injury or Illness, they are absent from all work for a period of 6 consecutive months (or less time as agreed in writing between the Insurer and the Trustee), and are determined by the Insurer at the end of that 6-month period (or less time as agreed in writing between the Insurer and the Trustee), to be permanently incapacitated to such an extent as to render them unable ever to engage in any gainful occupation, business, profession or employment for which they are reasonably suited by their education, training or experience, and by taking into consideration any rehabilitation, retraining or reskilling that the Insured Member has undertaken since the Date of Disablement and in the Insurer s opinion subject to medical advice, any rehabilitation, retraining or reskilling that the Insured Member could be capable of undertaking in the future. 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 unable 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

24 24 DEFINITIONS CONTINUED... 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. 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. 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 five activities of daily living without assistance from another adult person: 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. 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 6 consecutive months and, at the end of that 6-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. Doctor means a validly qualified Doctor registered to practice in Australia or New Zealand, and is not the Insured Member, their business partner, their immediate family member or employer. Excluded Occupation means an Insured Member whose occupation excludes them from receiving insurance, as determined by the Insurer. Monthly Income means 1/12th of: a. the Insured Member s annual salary including: i. cash; ii. regular overtime (averaged over the previous 3 years, or since the Insured Member started their 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 3 years, or since the Insured Member started their current occupation, if less; v. performance-related commission bonuses and other monetary benefits, averaged over the previous 3 years, or since the Insured Member started their current occupation, if less than 3 years; or b. for self-employed Insured Member where the Insured Member directly or indirectly owns all or part of the business from which they earn their income, their annual salary will include the total amount earned by the business over the financial year as a direct result of their personal exertion or activities through their usual occupation, less their share of business expenses, but before the deduction of income tax (or the relevant proportion for part of a financial year). Monthly Income will be averaged over 12 months preceding the date of Total Disability 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 Disability or Partial Disability). New Events Cover condition means cover for an Illness diagnosed or an Injury that occurs on or after the date cover commenced or recommenced for an Insured Member under the policy. Partial Disability / Partially Disabled means, in relation to an Insured Member, that all the following apply: a. where an Insured Member has ceased to suffer Total Disability; and b. has resumed employment; or c. in the opinion of the Insurer, is deemed capable of returning to partial employment duties; and d. as a result of the Injury or Illness that caused their Total Disability the Insured Member receives, or would in the Insurer s opinion receive, a Post-Disability Income that is less than their Salary; and e. is under the care of a Doctor. Pre-Disability Income means the total monthly value of income 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 Income relates solely to the calculation of the value of A in the formula used to determine Partial Disability benefit. Total Disability / Totally Disabled means solely as a result of Injury or Illness, the Insured Member is: a. for the first 5 years of the Benefit Period, medically certified as being incapable of performing one or more duties of their usual occupation necessary to produce income. For the remainder of the Benefit Period, unable to perform their usual occupation or any other occupation for which they are reasonably capable of performing by reason of education, training or experience; and b. not engaged in any occupation; and c. under the care of a Doctor.

25 NOTES PRINT. MEDIA. ENTERTAINMENT. ARTS. 25

26 26 NOTES

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