Repay your Non-Deductible Debt............................................................................................24

 [Specified levels of cover] You have specified the level of cover for your Life / TPD / Trauma / IP insurance and as such, we cannot confirm if this level of cover is appropriate for your needs. You may be underinsured as a result and not have adequate cover in place to meet your financial commitments in the event of a claim.  [Limited Information] You have not disclosed your full financial position for us to determine an appropriate level of cover. We have made some assumptions on what you need which may result in you being underinsured.  You need to complete your application for insurance honestly and with full disclosure. Failure to do so may give the insurer cause to void your policy and not pay claims in the future.  We have estimated the impact of certain health events on your financial position. The actual impact may be greater, and you may be underinsured. Significant changes to your circumstances may also impact the appropriateness of the level of cover recommended. Please contact our office to arrange a review in the event of any significant changes to your lifestyle and/or needs.  [Level] Level premiums may increase over time; they are not fixed rates.  [Stepped] Stepped premiums will increase each year in line with your age.  [Life] New life insurance policies generally have a 13-month suicide exclusion.  [Trauma] New trauma insurance policies generally have a 90-day waiting period on major medical events.  [IP] The amount you are paid at claim will depend on your income in the months leading up to your claim. This may mean you get paid less than the benefit amount you are insured for.  [IP] The benefit amount paid at claim can be offset by other payments such as leave entitlements and workers compensation etc.  [IP Change in definition] The definition of occupation you have to meet when on claim will change after XX years on claim. This will change from you being fit to do any occupation versus your own occupation, making it harder to meet the requirement when it changes.  [IP benefit payment to reduce when on claim] The amount you are paid on claim will reduce after XX years from

XX% to XX% ($XX per month to $XX per month).  [Cash flow] The recommended insurance premiums will reduce your personal cash flow available for other expenditure.  [Super] We have recommended you pay $XXX p.a. through your XXX Superannuation Fund. This will reduce your retirement savings. We estimate that your balance will be $XXX lower at age 65 than if you do not pay insurance via your super account. Please refer to our financial projections at the end of the SoA for further details.  [Super] Holding life and TPD insurance within superannuation may result in tax being paid on benefits. This will result in the payment amount being less than the calculated need. We recommend that you seek specialist tax advice to confirm the possible outcomes. [Gross up] We have grossed up your TPD benefit to allow for the tax payable on claim of TPD.