THE WATT PLAN Lump Sum Disability Benefit

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1 THE WATT PLAN Lump Sum Disability Benefit A viation Insurance Agency has developed an occupational disability insurance plan especially for airline pilots. We created this plan so that you can provide your family with up to $200,000 in tax-free benefits in the event you suffer a permanent medical grounding. If you are buying disability insurance for the first time, The Watt Plan may satisfy all of your disability insurance needs. Or, if you are fortunate enough to have group disability coverage through your employer, you can use this plan to supplement your insurance needs. Over the past four decades The Watt Plan Airline Pilot Occupational Disability Insurance has provided protection for thousands of airline pilots. It has given them peace of mind while they went about their demanding profession. The piece of mind insurance is just as important today as it was 10, 20 or 30 years ago. Permanent Disability Can Be Serious The financial consequences of a permanent disability can be disastrous. We d all prefer to believe it won t happen to me. But the facts tell a different story. A pilot can be permanently disabled from illness or accidental injury, at any time. And at any age. The Risks Are High It s a depressing thought, but just suppose you suffered a medical problem that made it impossible for you to continue your flying career. Would you and your family be able to maintain your lifestyle on reduced income? Would you be able to: Pay off the mortgage? Pay off the car loan? Put the kids through university?

2 Safeguard Your Way Of Life Many of these headaches and financial hardships could be reduced or avoided. All you need to help safeguard your way of life is sensible protection against such a risk. The Watt Plan lump sum disability coverage is an easy, effective and inexpensive way to help protect you and your family. Exclusively For Airline Pilots Pilots flying for any of Canada s airlines are eligible to apply for The Watt Plan Airline Occupational Disability Insurance any time prior to their 45 th birthday. Choice Of Coverage You may apply for coverage as high as $200,000. Or, you may choose coverage of $150,000, $100,000 or $50,000. Your coverage level, however, is limited to 2½ times your annual income from flying. You may apply for higher levels of coverage as your salary grows. The Watt Plan offers you the comfort of knowing that you will receive full payment, after a twelve month waiting period, in the event you are permanently prevented from flying for your airline for covered medical reasons. Convenient Billing Premiums are normally paid by payroll deduction. If your airline does not grant payroll deduction privileges, a convenient direct account debit method of payment is available. Medical Support Because pilot certification is so important and unique, we have a medical director who is a specialist in aviation and preventive medicine. He has many years of experience in dealing with airline pilots. His job is to provide help and advice to our policyholders free. And it s as close as your telephone.

3 What Is Not Covered Benefits are not payable under the following conditions: Disappearance of the insured War (certain duties are covered) Agricultural flying Intentional self injury Psychiatric disease, alcoholism or drug addiction Subjective symptoms without supportive objective medical findings If any MOT licence or medical certificate (before joining the plan) was obtained by misstatement or concealment Death of the insured (optional endorsement) How To Apply Just complete an application for and mail it to Aviation Insurance Agency. A formal medical examination is not normally required, however, at our expense, a routine checkup by a paramedical facility is utilized. Foresters Life Insurance Company (formerly Unity Life of Canada) has acquired the Canadian business of Washington National Insurance Company. Part of that business is Airline Pilot Occupational Disability Insurance, commonly known as the Watt Plan. Foresters Life is currently not issuing any Watt Plan policies. Foresters Life will, of course, continue to honour all existing Watt Plan policies. Watt Plan policyholders who have any queries concerning their policies should direct these queries to Aviation Insurance Agency, who will continue to be the service provider in connection with the existing Watt Plan insurance business. Aviation Insurance Agency believes that the Watt Plan Airline Pilot Disability Insurance program is important to commercial airline pilots in Canada. We will continue to work to bring the Watt Plan policy back to the Canadian market for the benefit of all pilots in Canada. 10 Day Review When you receive your policy you ll have 10 days to look it over. If, after careful consideration, you change your mind about keeping the policy, you can send it back and get a full refund of premium.

4 A Company You Can Trust For over 30 years, Aviation Insurance Agency has been offering airline pilots valuable protection through The Watt Plan Airline Pilot Occupational Disability Insurance program. It has given pilots peace of mind while they went about their demanding profession. Aviation Insurance Agency is a specialist in the field of pilot disability insurance and is committed to serving the professional pilot. Our record speaks for itself. SCHEDULE OF BENEFITS AND MONTHLY PREMIUMS $50,000 Watt Plan $100,000 Watt Plan $150,000 Watt Plan $200,000 Watt Plan Age Benefit Premium Benefit Premium Benefit Premium Benefit Premium 24 $37,500 $7.50 $75,000 $15.00 $100,000 $20.00 $150,000 $ $37,500 $10.50 $75,000 $21.00 $100,000 $28.00 $150,000 $ $50,000 $16.50 $100,000 $33.00 $150,000 $49.50 $200,000 $ $50,000 $21.50 $100,000 $43.00 $150,000 $64.50 $200,000 $ $50,000 $36.00 $100,000 $72.00 $150,000 $ $200,000 $ $45,000 $42.50 $90,000 $85.00 $135,000 $ $180,000 $ $40,000 $42.50 $80,000 $85.00 $120,000 $ $160,000 $ $35,000 $42.50 $70,000 $85.00 $105,000 $ $140,000 $ $30,000 $42.50 $60,000 $85.00 $90,000 $ $120,000 $ $25,000 $42.50 $50,000 $85.00 $75,000 $ $100,000 $ $22,500 $33.50 $45,000 $67.00 $67,500 $ $90,000 $ $20,000 $33.50 $40,000 $67.00 $60,000 $ $80,000 $ $17,500 $33.50 $35,000 $67.00 $52,500 $ $70,000 $ $15,000 $33.50 $30,000 $67.00 $45,000 $ $60,000 $ $12,500 $33.50 $25,000 $67.00 $37,500 $ $50,000 $ $11,000 $33.50 $22,000 $67.00 $33,000 $ $44,000 $ $9,500 $33.50 $19,000 $67.00 $28,500 $ $38,000 $ $8,000 $33.50 $16,000 $67.00 $24,000 $ $32,000 $ $6,500 $33.50 $13,000 $67.00 $19,500 $ $26,000 $ $5,000 $33.50 $10,000 $67.00 $15,000 $ $20,000 $134.00

5 HERE ARE SOME TYPICAL QUESTIONS Q. Can I be singled out for a rate increase? A. No. Once your policy has been issued, your monthly premium cannot be changed unless it is changed for everyone insured under this type of policy. Q. Can I have a specimen policy? A. Yes. This brochure is only an outline of The Watt Plan. A specimen policy is available upon request. Q. How do I apply? A. Complete a Watt Plan application form and mail it to Aviation Insurance Agency. If you don t have an application form, phone our toll free number (800) Q. Can my policy be canceled? A. Your policy is guaranteed renewable to age 60 unless: You fail to pay the required premium. You are no longer employed as an airline pilot. Your pilot s licence is suspended or revoked for non-medical reasons. You take a voluntary leave of absence in excess of 90 days. Q. Who insures The Watt Plan? A. The Watt Plan is underwritten by the Forester s Life Insurance Company.