Asgard Personal Protection PDS

Asgard Personal Protection package SPDS | 1
Asgard
Personal
Protection
Package
Supplementary Product
Disclosure Statement (SPDS)
This SPDS is dated 1 February
2009 and relates to the Product
Disclosure Statement (PDS) dated
18 February 2008 for the Asgard
Personal Protection Package.
This SPDS is issued by Asgard
Capital Management Ltd ABN
92 009 279 592, AFSL 240695
and should be read together with
the PDS and a previous SPDS
dated 15 September 2008.
From 1 February 2009, your fnancial
adviser should provide you with the
PDS dated 18 February 2008, the
SPDS dated 15 September 2008 and
this SPDS. If you do not receive all of
these documents, please contact your
fnancial adviser. You should read
these documents before you make
a decision in relation to the Asgard
Personal Protection Package.
This SPDS has been issued to
outline changes resulting from the
appointment of American International
Assurance Company (Australia)
Limited (trading as AIG Life) ABN
79 004 837 861 AFSL 230043 of 549
St Kilda Road, Melbourne, Victoria
3004, as the provider of the insurance
referred to in the PDS.
AIG Life has consented to the inclusion
in this SPDS of references to them and
statements attributed to them and this
consent has not been withdrawn before
the date of this SPDS.
PDS inside front cover fourth point
under the heading In this PDS.
This section is deleted.
References to the Insurer and
TOWER throughout the PDS.
Throughout the PDS all references to
the Insurer and TOWER must be
read as references to AIG Life.
PDS page 6 About TOWER the Insurer
This section is replaced with the
following text.
About AIG Life the Insurer
The Insurer is American International
Assurance Company (Australia)
Limited trading as AIG Life
ABN 79 004 837 861 AFSL 230043.
AIG Life is an ultimate subsidiary of
American International Group, Inc.
(AIG) and has been providing risk
insurance to Australians since 1970.
AIG Life provides comprehensive,
fexible life cover options that aim
to protect the fnancial health and
welfare of Australians. AIG Life
combines its extensive international
experience with local expertise to offer
some of the countrys most innovative
life cover options. The AIG Life
products and services are constantly
under review to ensure they meet
the changing needs of the Australian
population.
AIG Life offers risk protection life
insurance products to help you
protect the things that matter most to
you your family, your health, your
mortgage or your business.
All insurance benefts are provided
by the Insurer and not the Trustee or
Administrator.
2 | Asgard Personal Protection package SPDS
PDS page 9 Life Protection premium rates
The premium rate table on page 9 is replaced with the
following table.
Annual rates per $1,000 sum insured rates include maximum
adviser commission, Asgard management fee and stamp duty.
Life Protection only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 0.96 1.85 0.43 0.89
17 0.96 1.85 0.46 0.89
18 0.96 1.85 0.46 0.89
19 0.96 1.85 0.46 0.89
20 0.96 1.85 0.46 0.89
21 0.91 1.75 0.41 0.85
22 0.85 1.63 0.38 0.80
23 0.80 1.54 0.35 0.77
24 0.75 1.42 0.32 0.76
25 0.68 1.31 0.32 0.76
26 0.66 1.26 0.31 0.76
27 0.64 1.22 0.32 0.76
28 0.61 1.18 0.32 0.76
29 0.59 1.13 0.31 0.76
30 0.56 1.08 0.31 0.76
31 0.56 1.08 0.31 0.76
32 0.56 1.09 0.32 0.81
33 0.57 1.11 0.32 0.83
34 0.55 1.11 0.33 0.87
35 0.55 1.12 0.33 0.88
36 0.57 1.15 0.37 0.94
37 0.59 1.24 0.41 0.97
38 0.62 1.32 0.46 1.02
39 0.67 1.44 0.50 1.06
40 0.69 1.54 0.56 1.13
41 0.76 1.67 0.59 1.20
42 0.82 1.84 0.65 1.27
43 0.90 2.02 0.70 1.37
44 0.99 2.21 0.77 1.49
45 1.09 2.43 0.85 1.63
46 1.21 2.69 0.95 1.81
47 1.33 2.97 1.07 2.01
48 1.49 3.32 1.17 2.21
49 1.66 3.70 1.28 2.46
50 1.86 4.14 1.40 2.75
51 2.08 4.64 1.56 3.00
52 2.34 5.22 1.69 3.35
53 2.65 5.90 1.88 3.72
54 2.96 6.75 2.03 4.13
55 3.45 7.86 2.19 4.59
56 3.88 9.05 2.36 5.10
57 4.40 10.27 2.62 5.65
Life Protection only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
58 4.94 11.52 2.91 6.27
59 5.49 12.81 3.21 6.95
60 6.08 14.18 3.56 7.70
61 6.79 15.83 3.95 8.54
62 7.65 17.84 4.39 9.48
63 8.67 20.22 4.89 10.55
64 9.86 23.01 5.44 11.74
65 11.21 26.16 6.04 13.04
66* 12.83 29.94 6.91 14.93
67* 14.60 34.07 7.87 16.98
68* 16.54 38.61 8.91 19.23
69* 18.69 43.61 10.07 21.74
70** 20.96 42.71 11.36 23.33
71** 26.34 50.94 12.99 24.93
72** 30.61 55.10 14.91 27.02
73** 35.47 59.46 17.14 30.47
74** 40.96 65.46 19.67 34.00
75** 47.12 70.21 22.64 37.51
76** 53.24 75.32 26.09 41.27
77** 59.09 78.98 29.88 45.61
78** 65.48 84.46 33.90 50.65
79** 72.44 92.00 38.60 56.43
80** 80.07 100.09 43.97 62.86
81** 89.39 109.94 50.47 70.57
82** 99.81 120.75 57.76 78.90
83** 111.49 132.67 65.84 87.83
84** 124.55 145.72 74.98 97.62
85** 139.12 159.98 85.33 106.66
86** 155.22 175.40 96.26 120.32
87** 172.90 191.92 108.30 135.38
88** 192.24 209.54 121.66 152.08
89** 213.38 228.31 136.51 170.63
90** 236.41 248.23 152.98 191.22
91** 261.27 271.72 171.24 214.07
92** 288.36 297.02 191.57 239.45
93** 317.93 324.30 214.18 267.73
94** 350.19 353.69 239.35 299.19
95** 385.27 385.27 267.31 334.14
96** 422.89 422.89 298.33 372.91
97** 463.58 463.58 332.66 415.82
98** 507.40 507.40 370.58 463.22
99** 554.46 554.46 412.37 515.46
Maximum entry age is 65 next birthday
* Superannuation cover expires at age 70
** Non-superannuation cover expires at age 99
PDS page 11 Total & Permanent Disablement
(TPD) rates TPD Protection
following table.
TPD Protection
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 0.50 0.68 0.62 1.10
17 0.50 0.68 0.59 1.10
18 0.50 0.68 0.59 1.10
19 0.50 0.68 0.59 1.10
20 0.50 0.68 0.59 1.10
21 0.45 0.64 0.53 0.91
22 0.41 0.59 0.48 0.78
23 0.40 0.54 0.43 0.71
24 0.35 0.49 0.45 0.69
25 0.32 0.44 0.43 0.68
26 0.32 0.44 0.44 0.62
27 0.30 0.44 0.42 0.60
28 0.32 0.45 0.41 0.55
29 0.32 0.46 0.41 0.53
30 0.34 0.48 0.41 0.53
31 0.34 0.48 0.42 0.55
32 0.35 0.49 0.43 0.57
33 0.34 0.50 0.43 0.59
34 0.38 0.52 0.44 0.58
35 0.39 0.54 0.45 0.58
36 0.41 0.56 0.44 0.58
37 0.41 0.61 0.44 0.60
38 0.43 0.70 0.44 0.62
39 0.44 0.71 0.44 0.67
40 0.49 0.75 0.47 0.77
41 0.50 0.84 0.54 0.94
42 0.57 0.92 0.61 1.11
43 0.63 1.00 0.73 1.31
44 0.71 1.13 0.85 1.53
45 0.81 1.31 0.76 1.48
46 0.93 1.50 0.66 1.40
47 1.07 1.75 0.57 1.38
48 1.20 1.97 0.51 1.17
49 1.36 2.21 0.49 1.19
50 1.52 2.48 1.12 2.15
51 1.73 2.81 1.80 3.48
52 1.90 3.18 2.57 5.36
53 2.18 3.65 3.36 7.20
54 2.68 4.28 3.50 7.71
55 3.13 5.12 4.24 9.16
56 3.72 6.26 5.72 10.93
57 4.46 7.52 6.83 13.10
58 5.22 8.65 8.24 15.78
59 6.15 10.22 9.96 19.07
60 6.60 11.78 11.47 21.95
TPD Protection
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
61* 7.77 13.94 13.56 25.95
62* 8.08 14.45 14.08 26.95
63* 6.74 11.75 11.57 22.17
64* 3.83 6.09 6.21 12.00
*TPD renewal only, as maximum entry age is 60 next birthday.
For the Own Occupation defnition, multiply the TPD premium rate by 1.5
(available to specifc occupations including professionals, executives and
senior management).
PDS page 12 Total & Permanent Disablement
(TPD) rates TPD Only
following table.
TPD Only
Age next
birthday
Male
non- smoker
Male
smoker
Female
non-smoker
Female
smoker
16 0.59 0.83 0.75 1.32
17 0.59 0.83 0.70 1.32
18 0.59 0.83 0.70 1.32
19 0.59 0.83 0.70 1.32
20 0.59 0.83 0.70 1.32
21 0.55 0.77 0.65 1.10
22 0.50 0.70 0.58 0.94
23 0.48 0.65 0.52 0.86
24 0.42 0.58 0.53 0.83
25 0.40 0.53 0.52 0.81
26 0.37 0.52 0.52 0.75
27 0.37 0.53 0.50 0.73
28 0.38 0.55 0.50 0.66
29 0.40 0.55 0.50 0.65
30 0.41 0.58 0.50 0.65
31 0.41 0.58 0.50 0.66
32 0.42 0.58 0.50 0.68
33 0.42 0.59 0.52 0.72
34 0.45 0.63 0.53 0.68
35 0.46 0.65 0.53 0.68
36 0.48 0.68 0.53 0.70
37 0.50 0.73 0.52 0.73
38 0.52 0.85 0.52 0.76
39 0.53 0.86 0.53 0.80
40 0.58 0.90 0.56 0.94
41 0.60 1.00 0.65 1.13
42 0.68 1.10 0.75 1.32
43 0.76 1.21 0.88 1.58
44 0.85 1.36 1.01 1.84
45 0.97 1.58 0.90 1.76
TPD Only
Age next
birthday
Male
non- smoker
Male
smoker
Female
non-smoker
Female
smoker
46 1.11 1.81 0.80 1.68
47 1.28 2.09 0.68 1.66
48 1.45 2.38 0.62 1.40
49 1.63 2.66 0.59 1.43
50 1.83 2.98 1.35 2.58
51 2.06 3.37 2.16 4.19
52 2.28 3.81 3.08 6.44
53 2.63 4.38 4.03 8.63
54 3.21 5.14 4.21 9.26
55 3.76 6.17 5.09 10.99
56 4.46 7.51 6.85 13.11
57 5.35 9.03 8.20 15.72
58 6.27 10.37 9.89 18.94
59 7.37 12.27 11.96 22.89
60 7.92 14.15 13.75 26.34
61* 9.32 16.73 16.28 31.13
62* 9.70 17.33 16.90 32.32
63* 8.10 14.09 13.88 26.60
64* 4.61 7.31 7.45 14.40
(available to specifc occupations including professionals, executives and senior
management).
PDS page 15 Trauma Protection rates (includes
Life Protection cover)
following table.
Annual rate per $1,000 sum insured rates include maximum
Trauma Protection
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 1.66 2.69 1.16 1.81
19 1.66 2.69 1.16 1.81
20 1.66 2.69 1.16 1.81
21 1.60 2.64 1.17 1.81
22 1.56 2.57 1.17 1.81
23 1.53 2.55 1.20 1.82
24 1.49 2.52 1.22 1.84
25 1.46 2.48 1.25 1.86
26 1.46 2.51 1.28 1.93
27 1.46 2.56 1.29 1.98
28 1.47 2.61 1.31 2.03
29 1.48 2.67 1.32 2.08
30 1.49 2.74 1.34 2.13
31 1.50 2.82 1.37 2.21
32 1.53 2.95 1.42 2.30
Trauma Protection
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
33 1.57 3.14 1.49 2.48
34 1.61 3.39 1.58 2.68
35 1.67 3.69 1.68 2.92
36 1.81 4.04 1.79 3.24
37 1.96 4.45 1.91 3.61
38 2.15 4.88 2.03 4.01
39 2.38 5.34 2.15 4.44
40 2.63 5.85 2.29 4.86
41 2.97 6.56 2.47 5.28
42 3.32 7.35 2.71 5.72
43 3.73 8.35 3.02 6.33
44 4.20 9.54 3.41 6.97
45 4.68 10.87 3.82 7.62
46 5.28 12.26 4.23 8.37
47 5.90 13.72 4.65 9.14
48 6.53 15.26 5.09 9.99
49 7.11 16.88 5.53 10.86
50 7.97 18.62 5.99 11.67
51 9.00 20.52 6.50 12.62
52 10.11 22.61 7.04 13.57
53 11.29 24.98 7.64 14.67
54 12.75 27.71 8.30 15.79
55 14.33 30.90 9.03 16.88
56 15.99 33.60 9.76 18.29
57 17.66 36.41 10.59 19.59
58 19.33 39.39 11.54 21.56
59 21.10 42.60 12.64 23.58
60 22.89 46.05 13.91 25.61
61* 24.76 49.81 15.28 27.67
62* 26.71 53.92 16.73 29.69
63* 28.69 58.46 18.28 31.72
64* 30.67 63.48 19.92 33.56
65* 22.46 44.79 16.38 25.79
66* 25.95 48.43 22.11 34.81
67* 28.76 52.60 29.85 46.99
68* 32.15 57.67 40.30 63.44
69* 36.07 63.44 54.41 85.64
* Renewal only.
PDS page 18 Critical Trauma Protection rates
(includes Life Protection cover)
following table.
Annual rate per $1,000 sum insured rates include maximum
Critical Trauma Protection
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 2.37 3.29 1.75 1.90
19 2.37 3.29 1.75 1.90
20 2.38 3.29 1.75 1.90
21 2.37 3.24 1.74 1.89
22 2.31 3.19 1.71 1.87
23 2.22 3.09 1.66 1.85
24 2.11 2.99 1.57 1.82
25 2.01 2.87 1.48 1.80
26 1.91 2.83 1.49 1.81
27 1.85 2.79 1.49 1.85
28 1.81 2.77 1.51 1.91
29 1.82 2.78 1.55 1.98
30 1.82 2.81 1.60 2.07
31 1.82 2.85 1.65 2.21
32 1.82 2.98 1.73 2.36
33 1.82 3.15 1.79 2.57
34 1.84 3.38 1.90 2.78
35 1.94 3.84 2.02 3.01
36 2.06 4.10 2.11 3.27
37 2.20 4.48 2.24 3.59
38 2.35 4.88 2.42 3.99
39 2.53 5.36 2.52 4.31
40 2.72 5.86 2.66 4.67
41 2.97 6.53 2.93 5.14
42 3.24 7.25 3.11 5.53
43 3.54 8.02 3.25 5.80
44 3.86 8.86 3.31 5.95
45 4.24 9.79 3.36 6.07
46 4.66 10.81 3.48 6.34
47 5.15 11.85 3.70 6.69
48 5.69 13.06 4.00 7.21
49 6.30 14.36 4.30 7.74
50 6.98 15.96 4.73 8.50
51 7.76 17.30 5.24 9.35
52 8.63 18.86 5.74 10.21
53 9.60 20.63 6.04 10.66
54 10.70 22.46 6.58 11.54
55 11.92 24.43 7.15 12.44
56 13.21 26.31 7.98 13.77
57 14.61 28.24 8.90 15.13
58 16.14 30.27 9.74 16.32
59 17.79 32.55 10.61 17.52
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
60 20.20 36.21 11.81 19.22
61* 22.45 39.29 12.91 20.61
62* 24.88 42.96 14.12 22.16
63* 27.55 46.92 15.69 24.12
64* 30.54 51.23 17.45 26.28
65* 33.86 55.88 19.51 28.74
66* 37.04 59.88 21.65 31.19
67* 40.55 64.04 24.08 33.97
68* 44.29 68.27 26.96 37.27
69* 48.21 72.62 30.29 40.99
*Renewal only.
PDS page 24 Salary Continuance rates two year
beneft period
30 day waiting period
The premium rates table on page 24 is replaced with the
following table.
Annual rate per $100 monthly beneft rates include
maximum adviser commission, Asgard management fee
and stamp duty.
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 6.94 8.66 11.60 12.08
17 6.94 8.66 11.60 12.08
18 6.94 8.66 11.60 12.08
19 6.94 8.66 11.60 12.08
20 6.94 8.66 11.60 12.08
21 6.94 8.66 11.60 12.08
22 6.94 8.66 11.60 12.08
23 7.28 9.10 11.69 12.61
24 7.53 9.41 11.69 13.04
25 7.88 9.85 11.69 13.48
26 7.90 9.88 11.64 13.86
27 7.83 9.79 11.60 14.24
28 7.87 9.83 11.54 14.60
29 7.88 9.85 11.50 14.97
30 7.90 9.88 11.45 15.34
31 8.00 10.00 11.48 15.79
32 8.44 10.55 11.93 16.28
33 8.53 11.00 12.46 16.43
34 8.72 11.25 12.59 16.61
35 8.91 11.48 12.74 16.82
36 9.11 11.75 13.20 17.41
37 9.31 12.00 13.60 17.95
38 9.60 12.37 13.99 18.47
39 9.87 12.73 14.42 19.01
40 10.28 13.24 14.83 19.55
41 10.66 13.73 15.55 20.51
42 11.12 14.35 16.36 21.59
43 11.72 15.10 17.69 22.58
44 12.28 15.82 18.53 23.66
45 12.95 16.70 20.03 24.76
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
46 13.72 17.68 21.50 26.60
47 14.67 18.92 23.75 28.49
48 15.62 20.15 25.47 30.56
49 16.79 21.00 28.07 32.68
50 18.14 22.67 30.17 35.12
51 19.76 24.69 32.85 38.22
52 21.59 26.99 36.77 41.58
53 23.66 29.58 40.20 45.46
54 25.96 32.45 44.22 50.01
55 28.60 35.75 48.80 53.72
56* 31.31 39.13 52.49 56.24
57* 34.31 42.89 56.79 60.84
58* 37.62 47.04 62.03 66.47
59* 41.33 51.67 68.11 72.97
60* 45.55 56.93 75.39 80.78
61* 50.17 62.71 83.99 89.99
62* 55.29 69.11 94.25 100.98
63* 49.97 62.47 87.32 93.56
64* 28.40 35.49 52.61 56.36
*Renewal only
beneft period
following table.
Annual rate per $100 monthly beneft rates include
maximum adviser commission, Asgard management fee
and stamp duty.
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 6.59 7.79 10.44 10.88
17 6.59 7.79 10.44 10.88
18 6.59 7.79 10.44 10.88
19 6.59 7.79 10.44 10.88
20 6.59 7.79 10.44 10.88
21 6.59 7.79 10.44 10.88
22 6.59 7.79 10.44 10.88
23 6.67 7.91 10.51 10.95
24 6.67 7.91 10.51 10.95
25 6.76 8.01 10.51 10.95
26 6.78 8.02 10.47 10.91
27 6.72 7.96 10.44 10.88
28 6.74 7.98 10.38 10.81
29 6.76 8.01 10.35 10.78
30 6.78 8.02 10.59 11.03
31 6.87 8.13 10.91 11.05
32 7.01 8.55 10.66 11.10
33 7.08 8.87 11.05 11.49
34 7.25 9.07 11.15 11.63
35 7.40 9.27 11.31 11.78
36 7.58 9.47 11.71 12.19
37 7.73 9.68 12.05 12.56
38 7.98 9.98 12.40 12.92
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
39 8.20 10.25 12.78 13.31
40 8.54 10.67 13.13 13.32
41 8.86 11.07 13.79 13.98
42 9.26 11.56 14.51 14.72
43 9.74 12.18 15.18 15.80
44 10.20 12.74 15.89 16.55
45 10.76 13.46 16.64 17.33
46 11.40 14.26 17.88 18.61
47 12.20 15.26 19.15 19.94
48 12.99 16.25 20.54 21.39
49 13.96 17.45 21.95 22.88
50 15.07 18.86 23.60 24.59
51 16.41 20.52 25.69 26.75
52 17.95 22.45 27.95 29.11
53 19.67 24.59 30.55 31.81
54 21.58 26.98 33.61 35.01
55 23.78 29.71 37.08 38.63
56* 26.03 32.54 39.89 41.54
57* 28.52 35.66 43.16 44.96
58* 31.28 39.09 47.15 49.11
59* 34.36 42.95 51.76 53.93
60* 37.87 47.33 57.29 59.68
61* 41.69 52.13 63.83 66.49
62* 45.95 57.46 71.63 74.61
63* 41.54 51.92 66.38 69.14
64* 23.60 29.51 39.98 41.65
*Renewal only
beneft period
following table.
Annual rate per $100 monthly beneft rates include maximum
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 4.16 5.20 6.96 8.70
17 4.16 5.20 6.96 8.70
18 4.16 5.20 6.96 8.70
19 4.16 5.20 6.96 8.70
20 4.16 5.20 6.96 8.70
21 4.16 5.20 6.96 8.70
22 4.16 5.20 6.96 8.70
23 4.22 5.27 7.01 8.76
24 4.22 5.27 7.01 8.76
25 4.28 5.34 7.01 8.76
26 4.28 5.54 6.98 8.74
27 4.26 5.50 6.96 8.70
28 4.26 5.70 6.94 8.66
29 4.28 5.72 6.89 8.63
30 4.28 5.73 6.62 8.28
31 4.33 5.80 6.63 7.98
Salary Continuance
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
32 4.59 5.74 7.16 8.96
33 4.64 5.80 7.22 9.02
34 4.75 5.93 7.29 9.13
35 5.01 6.26 7.65 9.57
36 5.12 6.41 7.91 9.89
37 5.24 6.56 8.16 10.20
38 5.58 6.97 8.69 10.49
39 5.73 7.17 8.94 10.81
40 5.97 7.47 9.49 11.11
41 6.20 7.74 9.95 11.67
42 6.68 8.35 10.46 12.68
43 7.02 8.78 10.96 13.70
44 7.60 9.50 11.83 14.81
45 8.01 10.01 12.38 15.48
46 8.75 10.93 13.71 17.13
47 9.35 11.69 14.69 18.36
48 10.25 12.83 16.22 20.27
49 11.01 13.78 17.34 21.68
50 12.24 14.87 18.62 23.28
51 13.33 16.20 20.28 25.36
52 14.97 17.71 22.06 27.57
53 16.41 19.96 24.81 31.00
54 18.00 21.91 27.29 34.10
55 19.82 24.11 30.11 37.64
56* 21.73 26.41 32.39 40.49
57* 23.81 28.95 35.04 43.81
58* 26.09 31.73 38.27 47.85
59* 28.69 34.88 42.05 52.55
60* 31.61 38.45 46.54 58.17
61* 34.81 42.32 51.84 64.79
62* 38.36 46.67 58.17 72.71
63* 34.67 42.17 53.89 67.37
64* 19.69 23.95 32.46 40.57
*Renewal only
Example 1
A male, non-smoker, white collar worker is 35 next birthday and is
applying for Life and TPD Protection cover. The monthly premium
for a sum insured of $500,000 is calculated as follows.
1. Select the base rate:
0.55 (Life Protection) + 0.39 (TPD Protection) = 0.94
2. Because the sum insured is $500,000, a 10% discount applies
(see Large Cover Discount on page 40):
0.94 x 0.9 = 0.846
3. Multiply the rate by the sum insured and divide by 1000:
0.846 x 500,000 / 1000 = 423.00 annual premium
4. Multiply this annual premium by 1.06 / 12:
423.00 x 1.06 / 12 = 37.37 monthly premium
5. Add the administration fee:
37.37 + 4.10* = $41.47 monthly premium
* The monthly administration fee is $4.10 for cover under superannuation or $4.40
if under non-superannuation.
Example 2
A male, white collar employee with an annual income of $45,000
is 35 next birthday and resides in NSW. The monthly premium for
insuring 75% of his income under Salary Continuance with a 90
day waiting period and a two year beneft period is calculated as
follows.
1. Select the base rate:
5.01
2. Calculate the monthly sum insured:
75% x $45,000 / 12 = 2,812
3. Multiply the rate by the sum insured then divide by 100:
5.01 x 2812 / 100 = 140.88
4. Multiply this annual premium by 1.06 / 12:
140.88 x 1.06 / 12 = 12.44 monthly premium
5. Add the administration fee:
12.44 + 4.10* = $16.54 monthly premium
(including stamp duty)
* The monthly administration fee is $4.10 as Salary Continuance is a product
specifc to cover under superannuation. Refer to the table on page 19 of the PDS.
PDS page 30 Examples
The following text is added to the PDS on page 30 as
examples of how to calculate a premium.
Asgard Capital Management Ltd ABN 92 009 279 592 AFSL 240695 APJPPP11208_supp
PDS pages 33 and 35 Are you
eligible to apply for insurance
The following text is added to the
section headed Are you eligible to
apply for insurance? on pages 33 and
35 of the PDS.
Some occupations may not be eligible
for cover or may attract a premium
loading due to the nature of the duties
required to be undertaken. Your
adviser has access to an Occupation
Categories guide and can assist you
with any questions in determining
your eligibility or whether any
premium loadings are likely to apply.
Please note that Entry Ages shown
in the table headed Entry and expiry
ages are your age next birthday.
PDS page 36 Overseas or
temporary residents
The following text replaces the section
headed Overseas or temporary
residents on page 36 of the PDS.
Your insurance cover provides
worldwide cover, 24 hours a day,
subject to any terms and conditions
noted on your Policy Information
Statement.
The Insurer may require you to return
to Australia at your own expense for
assessment in the event of a claim.
Usually, only permanent residents of
Australia who have been residing in
Australia for more than two years are
eligible for cover. If you receive cover
and then subsequently move overseas
your cover will automatically continue
under the same terms and conditions
for three years (for Life Protection
& TPD Protection) or two years (for
Salary Continuance). If you wish the
Insurer to consider an extension to this
cover period please apply in writing to:
Asgard Contact Centre
PO Box 7490
Perth WA 6850
This extension will need to be
approved by the Insurer prior to the
expiry of the automatic three year
(or two year for Salary Continuance)
continuation period. It is important
to note that failure to receive written
agreement to extend the automatic
continuation period will result in an
inability for the Insurer to consider a
claim for benefts under the policy.
PDS page 39 Your Policy
The following text is added to the Your
Policy section commencing on page 39
of the PDS.
Your Duty of Disclosure
Before you enter into, or become
insured under, a contract of insurance
you have a duty, under the Insurance
Contracts Act 1984 as amended, to
disclose to the Insurer every matter
that you know, or could reasonably
be expected to know, that is relevant
to the Insurers 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
extend, vary or reinstate a contract of
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 business, ought
to know, or
as to which compliance with
your duty is expressly waived
by the Insurer.
Non-Disclosure
If you fail to comply with your Duty of
Disclosure and the Insurer would not
have entered into the contract on any
terms if the failure had not occurred,
the Insurer may avoid the contract
within three years of entering into it.
If your non-disclosure is fraudulent,
the Insurer may avoid the contract at
any time.
An Insurer who is entitled to avoid
a contract of insurance may, within
three years of entering into it, 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.
Asgard
Personal
Protection
Package
Supplementary Product
Disclosure Statement (SPDS)
This SPDS is dated 15 September
2008 and relates to the Product
Disclosure Statement (PDS) dated
18 February 2008 for the Asgard
Personal Protection Package. This
SPDS is issued by Asgard Capital
Management Ltd ABN 92 009 279 592,
AFSL 240695 and should be read
together with the PDS.
The purpose of this SPDS is twofold.
The frst is to provide the ABN
of the superannuation fund that
includes all of the following Asgard
superannuation accounts mentioned
in this PDS. The ABN for the Funds
listed below is
ABN 90 194 410 365:
Asgard Managed Profles
Super Account
Asgard Separately Managed
Accounts Funds Super Account
Asgard Employee Super Account
Asgard Elements Super Account
Asgard eWRAP Super Account.
The second purpose is to correct

typographical errors within the PDS:
Page 13 Cancer defnition
Reference is made to the cancer
defnition appearing on page 48.
It should be page 45.
Page 19 Benefts
The benefts available for Income
Protection and Salary Continuance are
summarised in the following table:
Beneft
Income
Protection
Salary
Continuance
Total Disability Beneft while unemployed or on leave 3 3
Partial Disability Beneft while unemployed or on leave 3 3
Indemnity option 3 3
Recurrent Disability Beneft 3 3
Rehabilitation Beneft 3 7
Rehabilitation Expenses Beneft 3 7
Specifc Injuries Beneft 3 7
Crisis Beneft 3 7
Accommodation Beneft 3 7
Family Support Beneft 3 7
Home Care Beneft 3 7
Bed Confnement Beneft 3 7
Transportation Beneft 3 7
Overseas Assist Beneft 3 7
Death Beneft 3 7
Waiver of premium 3 3
Elective surgery 3 7
Increasing Claim Beneft 3 3
Pages 23 & 24 Individual Disability
Income Protection and Salary
Continuance tables of premium rates
The Age next birthday column in
each of the 4 tables appearing on those
pages should have * against each of
the ages 56 to 60 inclusive indicating
that the premium rates shown are
renewal only.
Asgard Capital Management Ltd ABN 92 009 279 592 AFSL 240695 APJPDS70708_supp
Personal Protection
Package
Issue date: 18 February 2008
A
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Product Disclosure Statement (PDS)
Issue date: 18 February 2008
Life Protection
Total & Permanent Disablement
Trauma Protection
Income Protection/Salary Continuance
Business Expenses Protection
In this PDS:
Asgard, the trustee and administrator refer to
Asgard Capital Management Limited ABN 92 009 279 592
AFSL 240695 RSE L0001946
Level 38, Central Park, 152 St Georges Terrace,
Perth WA 6000
Telephone 08 9415 5688
Facsimile 08 9481 4834
Contact Centre 1800 998 185
www.asgard.com.au
Asgard Super Account means:
an Asgard Managed Profles Super Account
an Asgard Separately Managed Accounts Funds Super Account
an Asgard Employee Super Account
an Asgard Elements Super Account
an Asgard eWRAP Super Account
any other eWRAP Super Account of which Asgard is the trustee.
Asgard Investment Account means:
an Asgard Managed Profles Investment Account
an Asgard Separately Managed Accounts Funds Investment Account
an Asgard Elements Investment Account
an eCASH Account
a CASH Connect Account
an Asgard Trustee Funds Account.
TOWER and the Insurer refer to:
TOWER Australia Limited
ABN 70 050 109 450
AFSL 237848
80 Alfred Street, Milsons Point NSW 2061
(All correspondence should be directed to Asgard)
we, us and our is a reference to TOWER
Master Policies refer to the master policies of insurance issued by
the Insurer to, and owned by, Asgard, under which all of the insurance
offered by this PDS is provided
TPD refers to Total & Permanent Disablement
you means an applicant for insurance under the relevant Master
Policies and your has a corresponding meaning, however, where the
applicant is not the life insured, you and your are references to the
life insured, where the context requires
general and medical terms used throughout this PDS are defned in
the glossary on pages 43 to 49.
This PDS was prepared on 18 February 2008.
Available from fnancial advisers across Australia.
Who is this document for?
For those people who consider that their most valuable asset is their
health. For individuals who wish to protect themselves, their families
and their assets if they suffer a serious sickness or injury, or in the event
of their death. For self-employed and small business owners who want
to know that they will be assisted with the reimbursement of certain
business expenses if they become totally disabled.
On the cover: In her roles of Offce Manager and Business Development Support, Sharyn provides support to our Sales team.
Product Disclosure Statement | 1
Updating the information in this PDS
This PDS is up to date at the time of preparation. From time to time we may change or update information in this PDS that is not materially adverse to your interests, provided we
give you a means of fnding out about these changes. You can do this by ringing the Contact Centre on 1800 998 185 or, if youre an existing investor, by checking Investor Online.
You can also obtain a paper copy of the updated information free of charge by contacting your fnancial adviser or us.
Whats inside
Asgard Personal Protection Package
3 Asgard Personal Protection Package at a glance
5 Insurance with Asgard
7 Asgard Personal Protection Package products
7 Life Protection
10 Total & Permanent Disablement
13 Trauma Protection
16 Critical Trauma Protection
19 Income Protection/Salary Continuance
26 Business Expenses Protection
29 Premiums and charges
33 Stand-alone (non-superannuation) insurance
35 Insurance through an Asgard Super Account
39 Your Policy
41 Privacy statement
43 Glossary
51 Direct debit request service agreement
53 Interim Cover Certifcate
Application booklet
Important information
Insurance benefts payable under the Master Policies are liabilities of the Insurer and the
premiums for these insurance benefts are payable to the Insurer. They are not deposits
in, nor liabilities of, and not guaranteed by, any bank or company whether related to the
Insurer or not.
All of the insurance offered by this PDS is provided under, and is subject to the terms
and conditions in, the Master Policies. A copy of the relevant Master Policy for your
chosen insurance can be obtained by calling the Contact Centre on 1800 998 185 or by
contacting your fnancial adviser. Further terms and conditions may also be set out in the
Policy Information Statements given to members. No beneft will be paid unless the
Insurer accepts the claim.
Asgard has been appointed by the Insurer to administer the insurance offered under the
Master Policies. As administrator, Asgard performs certain functions in relation to the
insurance, including receiving and processing applications and collecting premiums on
behalf of the Insurer. Asgard is your point of contact and will advise you of any changes
to your insurance cover including the fees, charges or benefts applying to that cover.
TOWER has consented to the inclusion in this PDS of references to it and statements
attributed to it and this consent has not been withdrawn before the date of this PDS.
Asgard is a subsidiary of St.George Bank Limited ABN 92 055 513 070 (St.George). St.
George, its subsidiaries, Asgard Wealth Solutions Limited ABN 28 009 143 597, Asgard
or any other subsidiary of St.George, are collectively referred to in this PDS as Asgard
Wealth Solutions.
Information in this PDS is based on the continuance of present taxation and
superannuation laws. All applications for insurance must be received on an application
taken from a current PDS. The information provided and statements made in this PDS
should not be taken as the giving of fnancial product advice by either the Insurer or
Asgard as they do not take into account your personal objectives, fnancial situation or
needs. As a result, you should, before acting on the information, consider the
appropriateness of the information having regard to these factors. The insurance types
described in this document are not savings plans. The primary purpose of each type of
cover is to provide a beneft upon specifed events happening. If you terminate your
cover (other than during the cooling-off period), your cover will cease and there will be no
refund of any premiums paid.
This PDS provides information in relation to insurance cover only. Further information
concerning the superannuation and investment products it refers to may be obtained
from your fnancial adviser. Any references to superannuation or investment products
are not to be taken as an offer of those products. To the extent permitted by law, the
Insurer does not accept any liability in connection with these superannuation and
investment products.
As a Business Superannuation Consultant within
our Distribution & Sales team, Euan helps advisers
with all of their business superannuation needs.
Product Disclosure Statement Asgard Personal Protection Package at a glance | 3
Asgard Personal
Protection Package
at a glance
This table outlines Asgards personal protection products, the risk covered and the beneft payable. Further detailed
descriptions of the personal protection products can be found on pages 7 to 28. Information on exclusions, premiums, fees and
charges, taxation and cooling-off periods can also be found throughout this PDS.
Product Risk covered Beneft
(if this happens to a life insured) (what we pay)
Life Protection Death Agreed lump sum
Terminal illness Agreed lump sum (maximum $2,000,000)
Total & Permanent Disablement (TPD) Option Permanent disability cannot work Agreed lump sum (maximum $3,000,000)
Trauma Protection
1
Certain defned medical conditions Agreed lump sum (some events trigger a partial
payment of the agreed lump sum)
Terminal illness Agreed lump sum
Death Agreed lump sum
1
Certain defned medical conditions Minimum 25% of agreed lump sum for localised
cancer, myocardial infarction, or open chest
surgery; or full agreed lump sum for all other
medical condition defnitions
Terminal illness Agreed lump sum
Death Agreed lump sum
Income Protection
1
Professional, clerical and general occupations
Permanent or temporary disability
cannot work
Monthly beneft to replace lost income, can be
agreed value or indemnity
Salary Continuance
2
Permanent or temporary disability
cannot work
Monthly beneft to replace lost income, can be
agreed value or indemnity
1
Total disability Reimbursement of business costs incurred while
disabled, up to an agreed monthly beneft
1 Not available through an Asgard Super Account.
2 Only available through an Asgard Super Account.
The Asgard Personal
Protection Package provides
a means of protecting your
familys lifestyle, their
future and the assets you
have worked hard for.
Product Disclosure Statement Insurance with Asgard | 5
Insurance
with Asgard
Why do I need Asgard personal
protection insurance?
Your most valuable asset is your
health. If you suffer a serious sickness
or injury, the fnancial security and
quality of life of you and your family
will be dramatically affected. As a
result, you may:
be unable to care for your children
disrupt your partners work, as
they support and care for you
incur additional expenses, such as
rehabilitation and hospital care
jeopardise your retirement
plans by cutting off your income
prematurely.
Serious accidents, trauma and disease

are all unexpected events. The Asgard
Personal Protection Package is a way
to protect yourself and your family
should the unforeseen happen. It
provides a means of protecting your
familys lifestyle, their future and the
assets youve worked hard for. The
Asgard Personal Protection Package
offers you a range of insurance
products that can be tailored to your
individual needs.
The insurance cover detailed in this
PDS is either available through
an Asgard Super Account (where
premiums are deducted from this
account each month) or it can be
purchased on a stand-alone (non-
superannuation) basis (where
premiums are deducted from a
nominated Asgard Investment
Account or paid separately). If you
purchase insurance through an Asgard
Super Account, there are signifcant
differences in the way benefts may be
paid. For more information, see pages
35 to 37.
About Asgard the trustee
and administrator
Asgard currently administers
superannuation, retirement and
investment savings worth more
than $40 billion for over 400,000
Australians. Asgard also offers
insurance that can be tailored to your
individual needs, a service which
complements its investment and
super accounts.
With an Asgard account, its easy
for you to diversify your savings and
manage all your investments and
insurance needs.
6 | Product Disclosure Statement Insurance with Asgard
Asgard hall of fame
Asgard has over 17 years experience
in investment and superannuation
administration. It has received the
following awards in recognition of its
ongoing commitment to providing
service of the highest quality.
2007: Rainmaker Excellence
Awards Finalist
Asgard Employee Super Account.
SelectingSuper Awards for
Superannuation Product of the Year,
Premium Choice.
2007/08:
5 Quality Stars
The Heron Partnership
Corporate Funds
Asgard Employee Super.
Retail Funds
Asgard Elements Super-Pension.
Asgard eWRAP Super-Pension.
2007: Highly Commended
Platform of the Year - Super
for Asgard eWRAP Super/Pension.
2006: Winner Platform
of the Year Super
for Asgard eWRAP Super/Pension.
Retail Portfolio Platform of the Year
Small Investors (Super):
eWRAP Super/Pension.
Retail Portfolio Platform of the Year
Large Investors (Super):
eWRAP Super/Pension.
2006: Asgard eWRAP Winner
2007: Asgard Elements 2nd Place
Asgard products have been voted in the
top 5 in the Assirt Service Level Survey
in each of the six years prior to 2007.
5 apples Chant West rating
Small Plans for plans with less
than $10m: Asgard Employee
Superannuation Account.
Medium Plans for plans with
$10m-$50m: Asgard Employee
Asgard Elements
Asgard Elements Pension Account
Asgard eWRAP Pension Account
Asgard Allocated Pension Account
Best hybrid
AdviserNETgain has been ranked
number one in the hybrid category
as judged by independent expert
Investment Trends in their
Competitive Analysis Reports for 2006.
Top Performing Superannuation
Master Trust
Asgard Superannuation Account.
Top Performing Property Fund
Asgard Superannuation Account.
Independently
Researched
by Rainmaker
Information
Lic: 2003081
AAA rating (highest possible) for the
Asgard Employee Superannuation
Account by Selecting Super, a division
of Rainmaker Information.
About TOWER the insurer
The insurer is TOWER Australia
Limited (TOWER) ABN 70 050 109
450. TOWER is a specialist Australian
life insurance company with well over
130 years experience and over $500
million of annual in-force premium.
TOWER is one of the top fve life
insurance companies in Australia and
an industry leader in the provision of
life insurance arrangements to super
funds and administration platforms.
TOWER is widely acknowledged in
the market as a provider of quality
products with superior service.
All insurance benefts described in
this PDS are provided by TOWER and
not Asgard.
Product Disclosure Statement Asgard Personal Protection Package products | 7
Asgard Personal
Protection
Package products
Life Protection
What is Life Protection?
Life Protection provides life cover for
an agreed amount. If you hold Life
Protection on a stand-alone (non-
superannuation) basis and youre
diagnosed with a terminal illness,
the lump sum will be paid to you. If
you die, a lump sum will be paid to
your estate.
Where cover is held through your
Asgard Super Account, the beneft is
paid to your account and access to the
beneft is subject to superannuation
preservation rules. See Insurance
through an Asgard Super Account on
pages 35 to 37 for more information.
Benefts
Death Beneft
If you die, your sum insured (at the
date of death) will be paid to your
estate. Your Death Beneft is reduced
by any benefts paid for Terminal
Illness or TPD Protection prior to your
death. See below.
Terminal Illness Beneft
A terminal illness is defned as any
disease or condition that, in the opinion
of an appropriate specialist medical
practitioner approved by us and having
regard to the current treatment or such
treatment as you may reasonably be
expected to receive, is likely to lead to
your death within twelve months from
the date you are diagnosed with of
your condition.
If youre diagnosed with a terminal
illness, well pay your full Death
Beneft up to a maximum of
$2,000,000. If your Death Beneft
exceeds $2,000,000, your insurance
will continue at a reduced beneft with
a reduced premium. Your remaining
Death Beneft will be paid on
your death.
Your Terminal Illness Beneft will
expire on the anniversary of the
commencement date of insurance
immediately prior to age 70 if taken
through Asgard Superannuation
Account, or 80 if stand alone
(non-super).
Guaranteed Future Insurability Beneft
Under the Guaranteed Future
Insurability Beneft, you can increase
the sum insured of the Death Beneft
and TPD Beneft (if applicable) for a
life insured, subject to:
an application in writing for an
increase being made within 30 days
of an Allowable Event (as described
below) or within 30 days of the
policy anniversary following an
Allowable Event;
the life insured being less than
age 55 at the time of an Allowable
Event;
the increase being up to the
lesser of:
- 25% of the original sum insured;
- $200,000;
- fve times the annual amount of
salary increase (if applicable);
- the amount of mortgage being
taken out or increased (if
applicable);
8 | Product Disclosure Statement Asgard Personal Protection Package products

total death cover on the life insured,
(including the cover with TOWER
and any other organisation) being
less than $3,000,000;
total Total and Permanent
Disablement cover on the life
insured (including the cover
with TOWER and any other
organisation) being less than
$3,000,000; and
provision of evidence, satisfactory
to us, of the Allowable Event. (The
required evidence for each event is
detailed in the application form for
an increase under this beneft.)
For all increases applied for under
this beneft, the maximum amount
by which you can increase the sum
insured is the lower of:
the original sum insured; or
$1,000,000, subject to total cover
(with TOWER and any other
organisation) not exceeding
$3,000,000 for death and
$3,000,000 for Total and Permanent
Disablement.
If TPD Benefts are attached to Life
Protection cover, the TPD cover cannot
exceed the death cover.
Only one Guaranteed Future
Insurability Beneft increase may be
exercised in any twelve month period.
The premium for the new sum insured
will be calculated in line with the
plan conditions.
If cover increases as a result of the
Guaranteed Future Insurability
Beneft, changes in the health,
occupation or pastimes of the life
insured will not be taken into account.
Allowable Events are:
the birth of a child where the life
insured is a parent;
the adoption of a child by the life
insured;
a dependent child of the life insured
starts secondary school;
a dependent child of the life insured
starts university;
marriage of the life insured;
a change in employment status
of the life insured where the life
insureds salary increases by at
least $10,000 a year;
the taking out, or increasing of,
a mortgage by the life insured
(either alone or jointly with
another person) on a home which
is the primary residence of the life
insured; and
an increase in the life insureds

value to the business where the
life insured is a key person in that
business. In this situation, the sum
insured may be increased in the
same proportion as the increase in
the life insureds value, subject to
the maximums described earlier.
During the frst six months after
exercising the Guaranteed Future
Insurability Beneft, the increased
portion of the sum insured will
only be paid in the event of the life
insured suffering:
Accidental Death (unless the cover
is TPD); or
TPD that is caused by Accident (if
applicable).
This beneft is not available if:
a loading or an exclusion has been
applied to your cover for the life
insured.
Exclusions
A Death Beneft wont be paid where
death is the result of:
an intentional self-inficted injury
(whether you were sane or insane)
within twelve months of the
commencement or reinstatement of
cover; or
an exclusion which is specifc
to you and noted on your Policy
Information Statement.
If death is the result of an intentional,
self-inficted injury committed within
twelve months after an increase in
your cover (not including indexation),
the amount of the increase in cover will
not be paid. A Terminal Illness Beneft
wont be paid where any intentional
self-inficted injury or attempt at
suicide causes the terminal illness,
directly or indirectly.
Level of cover
Theres no maximum level of Death
Beneft that you can apply for (subject
to underwriting requirements). The
minimum level of Death Beneft is
$50,000.
Minimum premium
Theres no minimum premium if paid
through an Asgard Super Account.
Otherwise, the minimum premium
is $200 per annum (not including the
Administration fee).
How to calculate a premium
To calculate a Life Protection premium,
see page 30 and the Life Protection
rates table on the following page.
Age next
birthday Death only
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 1.07 2.06 0.48 0.99
17 1.07 2.06 0.51 0.99
18 1.07 2.06 0.51 0.99
19 1.07 2.06 0.51 0.99
20 1.07 2.06 0.51 0.99
21 1.01 1.94 0.45 0.94
22 0.94 1.81 0.42 0.89
23 0.89 1.71 0.39 0.86
24 0.83 1.58 0.36 0.84
25 0.76 1.46 0.36 0.84
26 0.73 1.40 0.34 0.84
27 0.71 1.35 0.36 0.84
28 0.68 1.31 0.36 0.84
29 0.65 1.25 0.34 0.84
30 0.62 1.20 0.34 0.84
31 0.62 1.20 0.34 0.84
32 0.62 1.21 0.35 0.90
33 0.63 1.23 0.36 0.92
34 0.61 1.23 0.37 0.97
35 0.61 1.24 0.37 0.98
36 0.63 1.28 0.41 1.04
37 0.66 1.38 0.45 1.08
38 0.69 1.47 0.51 1.13
39 0.74 1.60 0.55 1.18
40 0.77 1.71 0.62 1.26
41 0.84 1.85 0.66 1.33
42 0.91 2.04 0.72 1.41
43 1.00 2.24 0.78 1.52
44 1.10 2.45 0.85 1.65
45 1.21 2.70 0.94 1.81
46 1.34 2.99 1.06 2.01
47 1.48 3.30 1.19 2.23
48 1.66 3.69 1.30 2.46
49 1.84 4.11 1.42 2.73
50 2.07 4.60 1.55 3.05
51 2.31 5.15 1.73 3.33
52 2.60 5.80 1.88 3.72
53 2.94 6.55 2.09 4.13
54 3.29 7.50 2.25 4.59
55 3.83 8.73 2.43 5.10
56 4.31 10.05 2.62 5.67
57 4.89 11.41 2.91 6.28
58 5.49 12.80 3.23 6.97
59 6.10 14.23 3.57 7.72
Age next
birthday Death only
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
60 6.75 15.76 3.96 8.56
61 7.54 17.59 4.39 9.49
62 8.50 19.82 4.88 10.53
63 9.63 22.47 5.43 11.72
64 10.96 25.57 6.04 13.04
65 12.46 29.07 6.71 14.49
66* 14.26 33.27 7.68 16.59
67* 16.22 37.86 8.74 18.87
68* 18.38 42.90 9.90 21.37
69* 20.77 48.46 11.19 24.16
70** 23.29 47.46 12.62 25.92
71** 29.27 56.60 14.43 27.70
72** 34.01 61.22 16.57 30.02
73** 39.41 66.07 19.04 33.85
74** 45.51 72.73 21.85 37.78
75** 52.36 78.01 25.16 41.68
76** 59.15 83.69 28.99 45.85
77** 65.66 87.76 33.20 50.68
78** 72.75 93.84 37.67 56.28
79** 80.49 102.22 42.89 62.70
80** 88.97 111.21 48.85 69.84
81** 99.32 122.16 56.08 78.41
82** 110.90 134.17 64.18 87.67
83** 123.88 147.41 73.15 97.59
84** 138.39 161.91 83.31 108.47
85** 154.58 177.76 94.81 118.51
86** 172.47 194.89 106.95 133.69
87** 192.11 213.24 120.33 150.42
88** 213.60 232.82 135.18 168.98
89** 237.09 253.68 151.68 189.59
90** 262.68 275.81 169.98 212.47
91** 290.30 301.91 190.27 237.85
92** 320.40 330.02 212.85 266.06
93** 353.26 360.33 237.98 297.48
94** 389.10 392.99 265.94 332.43
95** 428.08 428.08 297.01 371.27
96** 469.88 469.88 331.48 414.34
97** 515.09 515.09 369.62 462.02
98** 563.78 563.78 411.76 514.69
99** 616.07 616.07 458.19 572.73
Maximum entry age is 65 next birthday
* Superannuation cover expires at age 70
** Non-superannuation cover expires at age 99
Life Protection rates (these rates also apply for Life and TPD Protection through an Asgard Super Account)
Annual rates per $1,000 sum insured rates include maximum adviser commission, Asgard Management fee and stamp duty.
Total & Permanent Disablement
What is Total & Permanent
Disablement (TPD)?
If held on a stand-alone (non-
superannuation basis), TPD pays
a lump sum to you if, or when, you
become totally and permanently
disabled due to sickness or injury.
Where cover is held through your
Asgard Super Account, your TPD
beneft is paid to your account and
access to the beneft is subject to
superannuation preservation rules. See
Insurance through an Asgard Super
Account on pages 35 to 37 for more
information.
There are two types of TPD Beneft
available TPD Protection and TPD
Only. The difference between the two
TPD Benefts is the treatment of your
death beneft, as explained in the
following table.
TPD beneft -
TPD Protection
TPD beneft -
TPD Only
The Death Beneft
sum insured is
reduced by the
amount of TPD
payment, with
premiums adjusted
appropriately. If the
Death Beneft sum
insured is reduced
to nil, cover ceases.
Any Death Beneft
sum insured is not
reduced.
Premiums for the
Death Beneft
continue for the
remaining life of the
cover.
Benefts
TPD Beneft
Standard defnition
Total and Permanent Disablement
(TPD) means the life insured:
(A) has suffered the permanent loss of:
the use of two limbs (where
limb is defned as the whole
hand below the wrist or whole
foot below the ankle); or
the sight in both eyes; or
the use of one limb and sight in
one eye.
OR
(B) solely because of illness or injury,
has:
suffered at least 25%
impairment of Whole Person
Function;
is not engaged in any
occupation; and
is disabled to such an extent
as to render the life insured
unlikely to ever be engaged
in any occupation for which
they are reasonably suited

by education, training
or experience.
OR
(C) is unable to perform at least two
of the following Activities of Daily
Living:
Dressing the ability to put on
and take off clothing without
assistance; or
Bathing the ability to wash or
shower without assistance; or
Toileting the ability use the
toilet, including getting on and
off, without assistance; or
Mobility the ability to get
in and out of bed and a chair
without assistance; or
Feeding the ability to get food
from a plate into the mouth
without assistance.
Where assistance means the
assistance of another person.
OR
(D) (i) where at the time of disablement,
the life insured was employed 15
or more hours a week (averaged
over the 13 week period prior to the
date of disablement or such shorter
period if employed for less than 13
weeks immediately prior to the date
of disablement):
has been absent from
employment as a result of illness
or injury for 3 consecutive
months; and
in TOWERs opinion, after
consideration of all relevant
evidence, the life insured is
disabled to such an extent
to render them unlikely to
ever again be engaged in any
occupation for which they
are reasonably suited by
their education, training or
experience.
OR
(D) (ii) where at the time of
disablement, the life insured was
not employed and was engaged in
unpaid domestic duties at home:
is as a result of illness or injury
under the care of a medical
practitioner; and
is unable to perform those
domestic duties; and
is unable to leave their home
unaided; and
has not engaged in any gainful

employment for a period of 3
consecutive months after the
occurrence of the illness or
injury; and
at the end of the period of 3
months is, in TOWERs opinion,
and after consideration of all
relevant evidence, disabled to
such an extent as to render
them unlikely to perform those
domestic duties or engage in any
gainful occupation.
Own occupation defnition
Depending on your occupation,
you have the option of applying for
Own Occupation TPD. The Own
Occupation defnition of TPD is the
same as the standard defnition above,
except clause (D) (i) is replaced with:
has been absent as a result of
illness or injury from employment
for 3 consecutive months; and
in TOWERs opinion, after
consideration of all relevant
evidence, the life insured is disabled
to such an extent as to render them
unlikely to ever again engage in
their Own Occupation.
Conditions
The following conditions apply to TPD:
this cover is only available until the
anniversary of the commencement
date of your insurance immediately
prior to age 65; and
your TPD Beneft is payable once
only.
If you take the TPD beneft TPD
Protection:
your TPD Beneft cannot exceed
your Death Beneft; and
the amount paid under your TPD
Beneft will reduce the subsequent
amount paid under your Death
beneft or Terminal Illness Beneft
by the amount of TPD Beneft paid.
Exclusions
A TPD Beneft wont be paid where
your disability is:
directly or indirectly caused by any
intentional self-inficted injury or
any attempt at suicide; or
due to an exclusion which is specifc

TPD tapering
Once you reach age 60, the TPD
Beneft reduces by 20% per
year at each anniversary of the
commencement date of insurance, up
to the anniversary immediately prior
to your 65th birthday (according to the
table below).
Age next birthday at
the anniversary of the
commencement date
TPD cover is
reduced by
61 20%
62 40%
63 60%
64 80%
65 TPD cover
ceases
Level of cover
The minimum level of TPD Beneft is
$50,000. The maximum level of cover
is shown in the table below. Indexation
of the TPD Beneft will cease when the
beneft reaches $3,000,000.
TPD defnition
Maximum
sum insured
Standard Occupation $3,000,000
Own Occupation $3,000,000
Home Duties Occupation
Standard occupation (Dii)
$500,000
For the Own Occupation defnition,
multiply the TPD premium rate by 1.5
(available to specifc occupations only,
including professionals, executives and
senior management).
To calculate a TPD premium, see page
30 and the TPD rates tables following.
Total & Permanent Disablement (TPD) rates TPD Protection
Annual rates per $1,000 sum insured rates include maximum adviser commission,
Asgard Management fee and stamp duty.
Age next
birthday
Male non-
smoker
Male
smoker
Female
non-smoker
Female
smoker
16 0.55 0.76 0.69 1.22
17 0.55 0.76 0.66 1.22
18 0.55 0.76 0.66 1.22
19 0.55 0.76 0.66 1.22
20 0.55 0.76 0.66 1.22
21 0.50 0.71 0.59 1.01
22 0.46 0.65 0.53 0.87
23 0.44 0.60 0.48 0.79
24 0.39 0.54 0.50 0.77
25 0.36 0.49 0.48 0.75
26 0.35 0.49 0.49 0.69
27 0.33 0.49 0.47 0.67
28 0.35 0.50 0.45 0.61
29 0.36 0.51 0.46 0.59
30 0.38 0.53 0.46 0.59
31 0.38 0.53 0.47 0.61
32 0.39 0.54 0.48 0.63
33 0.38 0.55 0.48 0.66
34 0.42 0.58 0.49 0.64
35 0.43 0.60 0.50 0.64
36 0.45 0.62 0.49 0.64
37 0.46 0.68 0.49 0.67
38 0.48 0.78 0.49 0.69
39 0.49 0.79 0.49 0.74
40 0.54 0.83 0.52 0.86
41 0.56 0.93 0.60 1.04
42 0.63 1.02 0.68 1.23
43 0.70 1.11 0.81 1.46
44 0.79 1.26 0.94 1.70
45 0.90 1.45 0.84 1.64
46 1.03 1.67 0.73 1.56
47 1.19 1.94 0.63 1.53
48 1.33 2.19 0.57 1.30
49 1.51 2.46 0.54 1.32
50 1.69 2.76 1.24 2.39
51 1.92 3.12 2.00 3.87
52 2.11 3.53 2.85 5.96
53 2.42 4.05 3.73 8.00
54 2.98 4.76 3.89 8.57
55 3.48 5.69 4.71 10.18
56 4.13 6.95 6.35 12.14
57 4.95 8.36 7.59 14.55
58 5.80 9.61 9.15 17.53
59 6.83 11.36 11.07 21.19
60 7.33 13.09 12.74 24.39
61* 8.63 15.49 15.07 28.83
62* 8.98 16.05 15.64 29.94
63* 7.49 13.05 12.85 24.63
64* 4.26 6.77 6.90 13.33
For the Own Occupation defnition, multiply the TPD premium rate by 1.5 (available to specifc occupations
including professionals, executives and senior management).
Total & Permanent Disablement (TPD) rates TPD Only
Age next
Birthday Male Female
Non
Smoker
Smoker Non
Smoker
Smoker
16 0.65 0.92 0.83 1.47
17 0.65 0.92 0.78 1.47
18 0.65 0.92 0.78 1.47
19 0.65 0.92 0.78 1.47
20 0.65 0.92 0.78 1.47
21 0.61 0.86 0.72 1.22
22 0.55 0.78 0.64 1.04
23 0.53 0.72 0.58 0.95
24 0.47 0.64 0.59 0.92
25 0.44 0.59 0.58 0.90
26 0.41 0.58 0.58 0.83
27 0.41 0.59 0.56 0.81
28 0.42 0.61 0.55 0.73
29 0.44 0.61 0.55 0.72
30 0.45 0.64 0.55 0.72
31 0.45 0.64 0.56 0.73
32 0.47 0.64 0.56 0.75
33 0.47 0.65 0.58 0.80
34 0.50 0.70 0.59 0.76
35 0.51 0.72 0.59 0.76
36 0.53 0.75 0.59 0.78
37 0.55 0.81 0.58 0.81
38 0.58 0.94 0.58 0.84
39 0.59 0.95 0.59 0.89
40 0.64 1.00 0.62 1.04
41 0.67 1.11 0.72 1.25
42 0.75 1.22 0.83 1.47
43 0.84 1.34 0.98 1.75
44 0.94 1.51 1.12 2.04
45 1.08 1.75 1.00 1.96
46 1.23 2.01 0.89 1.87
47 1.42 2.32 0.76 1.84
48 1.61 2.64 0.69 1.56
49 1.81 2.95 0.65 1.59
50 2.03 3.31 1.50 2.87
51 2.29 3.74 2.40 4.65
52 2.53 4.23 3.42 7.16
53 2.92 4.87 4.48 9.59
54 3.57 5.71 4.68 10.29
55 4.18 6.85 5.65 12.21
56 4.96 8.34 7.61 14.57
57 5.94 10.03 9.11 17.47
58 6.97 11.52 10.99 21.04
Age next
Birthday Male Female
Non
Smoker
Smoker Non
Smoker
Smoker
59 8.19 13.63 13.29 25.43
60 8.80 15.72 15.28 29.27
61* 10.35 18.59 18.09 34.59
62* 10.78 19.26 18.78 35.91
63* 9.00 15.66 15.42 29.55
64* 5.12 8.12 8.28 16.00
(available to specifc occupations including professionals, executives and senior
management).
Trauma Protection
What is Trauma Protection?
Trauma Protection will pay a lump
sum to your estate if you die, or to you
if you are diagnosed with a terminal
illness, or on the frst occurrence of
you suffering one of the specifed
trauma medical conditions listed in the
following table.
Trauma Protection is not available
Benefts
Trauma Beneft
Well pay your sum insured on the frst
occurrence of you suffering one of the
specifed trauma medical conditions
listed in the following table. A medical
condition is a sickness or injury
that causes you great distress and
disruption.
Your Trauma Beneft will expire on the
anniversary of the commencement date
of insurance immediately prior to age
70, with the exception of the Death and
Terminal Illness components which
continue to age 99.
Trauma medical conditions
Alzheimers disease Major organ transplant
Angioplasty*^ Medically acquired HIV
Aorta surgery Meningitis
Aplastic anaemia Meningococcal disease
Benign Brain Tumour Motor neurone disease
Blindness Multiple sclerosis
Cancer* Muscular dystrophy
Cardiomyopathy Occupationally acquired HIV
Chronic kidney failure Open heart surgery
Chronic liver disease Out of hospital cardiac arrest
Chronic lung disease Paralysis:
Coma Diplegia
Coronary artery bypass surgery* Hemiplegia
Dementia Paraplegia
Encephalitis Quadriplegia
Heart attack* Tetraplegia
Heart valve surgery* Parkinsons disease
Loss of hearing Pneumonectomy
Loss of independent existence Primary pulmonary hypertension
Loss of limbs or sight Severe burns
Loss of speech Stroke*
Major head trauma Triple Vessel Angioplasty
* Theres no Trauma Beneft payable for these conditions if the condition occurs, or frst becomes apparent,
during the frst 90 days after your commencement date of insurance. If transferring existing cover to the Asgard
Trauma Protection policy, this qualifying period is waived for conditions previously covered (for the amount of
cover transferred).
^ Payment is 10% of the Trauma Beneft at the date of the event up to a maximum of $25,000.
The Trauma Beneft is reduced by any
amount payable and the premium is
reduced accordingly.
Defnitions of all trauma medical
conditions can be found in the glossary
under Medical terms Trauma
Protection/Income Protection on
pages 45 to 47.
Cancer defnition
The defnition of cancer (see page 48)
provides for a partial payment of 10%
of the sum insured, up to a maximum
of $25,000, payable on the occurrence of
the following trauma events:
Carcinoma In Situ;
Early Stage Chronic Lymphocytic
Leukaemia;
Early Stage Melanoma; and
Early Stage Prostate Cancer.
The Trauma sum insured is reduced by
the amount of any payment made for
these events.
The partial payment will be paid once
only for each trauma event above.
Well pay for multiple events up to a
maximum of $100,000.
Death Beneft
If you die, your Trauma Beneft
(at your date of death) will be paid to
your estate.
On expiry of your Trauma Beneft
at age 70, well continue your Death
Beneft through Life Protection. Your
Death Beneft will expire on the
date of insurance immediately prior to
age 99.
your condition.
illness, well pay your full Trauma
Beneft. Your Terminal Illness Beneft
will expire on the anniversary of the
immediately prior to age 80.
Buy Back Beneft
If youre paid a full Trauma Beneft,
you have the option to buy back
your Trauma sum insured as Life
Protection cover, without providing
further underwriting information.
This option is available provided you
notify us within twelve months from
the payment date of the initial claim.
Cover will be made available upon the
twelve month anniversary of the claim.
Advancement Beneft
The Advancement Beneft will be
paid when the life insured is frst
diagnosed by a Medical Practitioner as
suffering from:
Motor neurone disease.
Multiple sclerosis.
Muscular dystrophy.
Parkinsons disease.
Primary pulmonary hypertension.
For the purposes of the Advancement
Beneft only, these conditions have
their normal medical meaning rather
than the meaning defned in the
glossary under Medical terms
Trauma Protection/Income Protection
on pages 45 to 47.
The Advancement Beneft will also be
paid if the life insured has been placed
on a waiting list to receive a major
organ transplant and that procedure is
unrelated to any previous procedure or
surgery undergone by the life insured.
The amount to be paid will be 25%
of the sum insured, to a maximum
payment of $25,000. Only one
Advancement Beneft will be paid in
respect of the life insured. The Trauma
Protection sum insured will be reduced
by the Advancement Beneft paid.
Automatic indexation
To ensure your level of cover isnt
devalued by infation, your Trauma
Beneft will be automatically
increased on each anniversary of the
commencement date of insurance by
the indexation factor. Your premiums
will increase accordingly.
Automatic increases will cease at the
anniversary of the commencement date
of insurance prior to age 65. When the
Trauma Beneft reaches $2,500,000,
future increases will be based on
this amount.
Exclusions
A Trauma Beneft wont be paid if your
condition is:
directly or indirectly caused by any
intentional self-inficted injury or
any attempt at suicide; or
death is the result of:
an intentional self-inficted injury
(whether you were sane or insane)
within twelve months of the
commencement or reinstatement
of cover; or
If death was the result of an
intentional, self-inficted injury
committed within twelve months after
an increase in your cover (not including
automatic indexation), the amount of
the increase in cover will not be paid.
A Terminal Illness Beneft wont
be paid where any intentional self-
inficted injury or attempt at suicide
causes the terminal illness, directly
or indirectly.
Level of cover
The maximum sum insured for
Trauma Protection is $2,500,000.
Minimum premium
There is a minimum premium of
$200 per annum (not including the
administration fee).
To calculate a Trauma Protection
premium, see page 30 and the
Trauma Protection rates table on the
following page.

Trauma Protection rates (includes Life Protection cover)
Age next
birthday
Male non-
smoker
Male
smoker
Female
non-smoker
Female
smoker
18 1.84 2.99 1.29 2.01
19 1.84 2.99 1.29 2.01
20 1.84 2.99 1.29 2.01
21 1.78 2.93 1.30 2.01
22 1.73 2.86 1.30 2.01
23 1.70 2.83 1.33 2.02
24 1.66 2.80 1.36 2.04
25 1.62 2.76 1.39 2.07
26 1.62 2.79 1.42 2.14
27 1.62 2.84 1.43 2.20
28 1.63 2.90 1.45 2.25
29 1.64 2.97 1.47 2.31
30 1.65 3.04 1.49 2.37
31 1.67 3.13 1.52 2.45
32 1.70 3.28 1.58 2.55
33 1.74 3.49 1.66 2.75
34 1.79 3.77 1.75 2.98
35 1.86 4.10 1.87 3.24
36 2.01 4.49 1.99 3.60
37 2.18 4.94 2.12 4.01
38 2.39 5.42 2.25 4.46
39 2.64 5.93 2.39 4.93
40 2.92 6.50 2.54 5.40
41 3.30 7.29 2.74 5.87
42 3.69 8.17 3.01 6.36
43 4.14 9.28 3.36 7.03
44 4.67 10.60 3.79 7.74
45 5.20 12.08 4.24 8.47
46 5.87 13.62 4.70 9.30
47 6.55 15.24 5.17 10.15
48 7.26 16.95 5.65 11.10
49 7.90 18.76 6.14 12.07
50 8.86 20.69 6.66 12.97
Age next
birthday
Male non-
smoker
Male
smoker
Female
non-smoker
Female
smoker
51 10.00 22.80 7.22 14.02
52 11.23 25.12 7.82 15.08
53 12.54 27.76 8.49 16.30
54 14.17 30.79 9.22 17.54
55 15.92 34.33 10.03 18.76
56 17.77 37.33 10.84 20.32
57 19.62 40.46 11.77 21.77
58 21.48 43.77 12.82 23.96
59 23.44 47.33 14.04 26.20
60 25.43 51.17 15.46 28.46
61* 27.51 55.34 16.98 30.74
62* 29.68 59.91 18.59 32.99
63* 31.88 64.95 20.31 35.24
64* 34.08 70.53 22.13 37.29
65* 24.96 49.77 18.20 28.65
66* 28.83 53.81 24.57 38.68
67* 31.96 58.44 33.17 52.21
68* 35.72 64.08 44.78 70.49
69* 40.08 70.49 60.45 95.16
* Renewal only.
What is Critical Trauma Protection?
Critical Trauma Protection will pay
part or all of the lump sum to your
estate if you die, or to you, if youre
diagnosed with a terminal illness or on
the frst occurrence of you suffering one
of the specifed critical trauma medical
conditions listed in the following table.
If youre diagnosed as suffering from
multiple critical trauma medical
conditions, a Critical Trauma Beneft
will only be paid for the critical trauma
medical condition which gives rise to
the largest beneft, but in any event,
benefts will not exceed the value of
the Critical Trauma Beneft or the
Residual Critical Trauma Beneft,
whichever is applicable.
Critical Trauma Protection is
not available through an Asgard
Super Account.
Defnitions of all critical trauma
medical conditions can be found in
the glossary under Medical terms
Critical Trauma Protection on
pages 48 and 49.
Critical trauma medical conditions
Alzheimers disease Multiple sclerosis
Aplastic anaemia Muscular dystrophy
Benign Brain Tumour Myocardial infarction (Heart attack)*^
Cancer* Occupationally acquired HIV
Cardiomyopathy Open chest surgery to correct:*^
Cerebrovascular accident (Stroke)^ Coronary artery
Chronic liver disease Valve
Chronic lung disease Paralysis:
Chronic renal failure (Kidney failure) Diplegia
Coma Hemiplegia
Dementia Paraplegia
Encephalitis Quadriplegia
Loss of independent existence Tetraplegia
Loss of speech Parkinsons disease
Major abdominal aortic surgery^ Primary pulmonary hypertension
Major head trauma Severe burns
Major organ transplant Total blindness
Motor neurone disease Total deafness
* Only 25% of the Critical Trauma Beneft may be payable on the frst diagnosis of these critical trauma medical
conditions.
^ There is no Critical Trauma Beneft payable for these conditions if the condition occurs, or frst becomes
apparent, during the frst 90 days after your commencement date of insurance. If transferring existing cover to
Critical Trauma Protection, this qualifying period is waived for conditions previously covered (for the amount of
cover transferred).
Benefts
Critical Trauma Beneft
The Critical Trauma Beneft is equal
to the sum insured as shown on your
Policy Information Statement. The
Critical Trauma Beneft will be paid if
you suffer one of the specifed critical
trauma medical conditions listed on
pages 48 and 49, except where the
critical trauma medical condition is
noted with an asterisk. These critical
trauma medical conditions will provide
a beneft of 25% of the sum insured,
which will reduce the total sum
insured by 25%. The remaining 75% is
the Residual Critical Trauma Beneft.
The proportion of the Critical Trauma
Beneft that is paid and the timing of
payment depends on the type of critical
trauma medical condition which has
occurred.
Localised cancer (see the defnition
of this term in the glossary under
Medical terms Critical Trauma
Protection on pages 48 and 49)
25% of your sum insured is payable
on diagnosis, providing we havent
previously paid any beneft under the
policy. The remaining 75% of your sum
insured is payable in the event of your
death, or on diagnosis of:
a recurrence of the original cancer
a regional or distant cancer
a second unrelated cancer
another critical trauma medical
condition (including myocardial
infarction) or if you subsequently
undergo open chest surgery.
Myocardial infarction (heart
attack) (see the defnition of this term
in the glossary under Medical terms
Critical Trauma Protection on pages
48 and 49)
on the frst heart attack, providing we
havent previously paid any beneft
under the policy. The remaining 75%
of your sum insured is payable in the
event of your death, or on diagnosis of:
a sustained severe impairment of
a cardiac function as evidenced
by a left ventricular ejection
fraction of under 40% measured
by an echocardiogram (or other
comparable technique), performed
at least three months after your
frst heart attack; or
a second heart attack which occurs
at least three months after the frst
heart attack; or
another critical trauma medical
condition (including localised
cancer) or if you subsequently
undergo open chest surgery.

Open chest surgery (see the
defnition of this term in the glossary
under Medical terms Critical
Trauma Protection on pages 48
and 49)
after the frst surgical procedure,
providing we havent previously paid
any beneft under the policy. The
remaining 75% of your sum insured is
payable in the event of your death or:
if you undergo subsequent open
chest surgery; or
on diagnosis of another critical
trauma medical condition (including
localised cancer and myocardial
infarction).
Residual Critical Trauma Beneft
If you claim for a particular critical
trauma medical condition such as
localised cancer, myocardial infarction
or open chest surgery and only 25%
of your Critical Trauma Beneft is
paid, the remaining 75% of your
Critical Trauma Beneft is thereafter
referred to as your Residual Critical
Trauma Beneft.
Death Beneft
If you die, your Critical Trauma Beneft
or Residual Critical Trauma Beneft
(at your date of death) will be paid to
your estate.
On expiry of your Critical Trauma
Protection cover, well continue your
Death Beneft through Life Protection.
Your Death Beneft will expire on the
age 99.
your condition.
illness, well pay your Critical Trauma
Beneft or your Residual Critical
Trauma Beneft. Your Terminal Illness
Beneft will expire on the anniversary
of the commencement date of insurance
Critical Buy Back Beneft

If you are paid a full Critical Trauma
Beneft, you have the option to buy
back your Critical Trauma sum
insured as Death and Terminal Illness
cover through Life Protection, without
providing further underwriting
information. An amount equal to
one third of the beneft paid can be
repurchased on each of the frst,
second, and third anniversaries of the
date of payment of the full Critical
Trauma Beneft or the Residual
Critical Trauma Beneft.
Exclusions
A Critical Trauma Beneft wont be
paid if your condition is:
directly or indirectly caused by
any intentional self-inficted
injury within 13 months of the
of cover; or
death is a result of:
an intentional self-inficted
injury within 13 months of the
of cover; or
If death or the critical trauma medical
condition was because of an intentional
self-inficted injury committed within
13 months after an increase in
your cover (not including automatic
indexation), the amount of the increase
in cover will not be paid.
A Terminal Illness Beneft wont
be paid where any intentional self-
inficted injury or attempt at suicide
causes the terminal illness, directly
or indirectly.
Level of cover
The maximum sum insured for Critical
Trauma Protection is $2,500,000.
Minimum premium
Theres a minimum premium of
To calculate a Critical Trauma
Protection premium, see page 30 and
the Critical Trauma Protection rates
table on the following page.

Critical Trauma Protection rates (includes Life Protection cover)
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 2.63 3.65 1.94 2.11
19 2.63 3.65 1.94 2.11
20 2.64 3.65 1.94 2.11
21 2.63 3.60 1.93 2.10
22 2.57 3.54 1.90 2.08
23 2.47 3.43 1.84 2.05
24 2.34 3.32 1.74 2.02
25 2.23 3.19 1.64 2.00
26 2.12 3.14 1.65 2.01
27 2.05 3.10 1.66 2.05
28 2.01 3.08 1.68 2.12
29 2.02 3.09 1.72 2.20
30 2.02 3.12 1.78 2.30
31 2.02 3.17 1.83 2.45
32 2.02 3.31 1.92 2.62
33 2.02 3.50 1.99 2.85
34 2.04 3.75 2.11 3.09
35 2.16 4.27 2.24 3.34
36 2.29 4.56 2.34 3.63
37 2.44 4.98 2.49 3.99
38 2.61 5.42 2.69 4.43
39 2.81 5.95 2.80 4.79
40 3.02 6.51 2.96 5.19
41 3.30 7.25 3.25 5.71
42 3.60 8.06 3.46 6.14
43 3.93 8.91 3.61 6.44
44 4.29 9.84 3.68 6.61
45 4.71 10.88 3.73 6.74
46 5.18 12.01 3.87 7.04
47 5.72 13.17 4.11 7.43
48 6.32 14.51 4.44 8.01
49 7.00 15.95 4.78 8.60
50 7.76 17.73 5.25 9.44
51 8.62 19.22 5.82 10.39
52 9.59 20.95 6.38 11.34
53 10.67 22.92 6.71 11.84
54 11.89 24.96 7.31 12.82
55 13.24 27.14 7.94 13.82
56 14.68 29.23 8.87 15.30
57 16.23 31.38 9.89 16.81
58 17.93 33.63 10.82 18.13
59 19.77 36.17 11.79 19.47
60 22.44 40.23 13.12 21.36
61* 24.94 43.66 14.34 22.90
62* 27.64 47.73 15.69 24.62
63* 30.61 52.13 17.43 26.80
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
64* 33.93 56.92 19.39 29.20
65* 37.62 62.09 21.68 31.93
66* 41.16 66.53 24.05 34.66
67* 45.06 71.16 26.75 37.74
68* 49.21 75.85 29.96 41.41
69* 53.57 80.69 33.65 45.54
*Renewal only.
Income Protection/
Salary Continuance
What is Income Protection
and Salary Continuance?
Both Income Protection and Salary
Continuance replace up to 75% of your
monthly income if you become disabled
through sickness or injury and are
unable to work.
The monthly beneft for which you
are insured is an agreed amount
determined at the time you take out
your cover, which can be adjusted
automatically by Indexation
(see page 39). Alternatively, you can
elect to have the Monthly Beneft
operate on an Indemnity basis where
the amount payable in the event of
a claim will be determined by your
earnings at the time of the claim, to a
maximum of the Monthly Beneft. For
more information, see the defnition of
Monthly Beneft on page 44.
Income Protection is not available
Salary Continuance is only offered
Benefts
The benefts available for Income
Protection and Salary Continuance are
summarised in the following table.
Beneft Income Protection Salary Continuance
Total Disability Beneft
while unemployed or on leave

Partial Disability Beneft
while unemployed or on leave

Indemnity option
Recurrent Disability Beneft
Rehabilitation Beneft
Rehabilitation Expenses Beneft
Specifc Injuries Beneft
Crisis Beneft
Accommodation Beneft
Family Support Beneft
Home Care Beneft
Bed Confnement Beneft
Overseas Assist Beneft
Death Beneft
Waiver of premium
Elective surgery
Increasing Claim Beneft
The following information is
relevant to both Income Protection
and Salary Continuance.
If youre totally disabled (see page 44),
well pay the Monthly Beneft after
your selected waiting period has
ended. No beneft is paid during the
waiting period.
You must be Disabled for the length of
your chosen waiting period to qualify
for this beneft. You may return to
work in your previous capacity for a
total of fve consecutive days or less
during the 30 day waiting period
(or 10 consecutive days or less if the
waiting period is greater than 30 days)
without the waiting period beginning
again. Any days you work will be added
to the length of your selected waiting
period. This beneft will be paid to you
monthly in arrears.
Cover while unemployed or on leave
If youve been unemployed or on
maternity, paternity or long service
leave for twelve months or more
immediately preceding a claim, then
total disability means that, because of
sickness or injury:
youre unable to perform any
occupation for which you are
reasonably suited by education
or training;
youre following the advice of a

medical practitioner; and
youre not working.
If youre partially disabled (see
page 44) after your waiting period
has ended, well pay you a proportion
of your monthly beneft based on the
reduction in your pre-disability income.
You must be totally disabled for at
least 14 consecutive days during
the waiting period to qualify for this
beneft and Disabled for the balance
of the waiting period. You may return
to work in your previous capacity
for a total of fve consecutive days or
less during the 30 day waiting period
(or 10 consecutive days or less if the
waiting period is greater than 30 days)
without the waiting period beginning
again. Any days you work will be added
to the length of your selected waiting
period. This beneft will be paid to you
monthly in arrears.
Cover while unemployed or on leave
If you become unemployed or go on
leave without pay while a partial
disability beneft is payable, then
partial disability means that, due to
sickness or injury:
youre not totally disabled and are
only capable of working in your own
occupation in a reduced capacity;
or youre working in another
occupation;
your monthly income is less than
your pre-disability income; and
youre following the advice of a
medical practitioner.
Sabbatical leave will not be considered
as unemployment or leave.
A claim recurring from the same (or
related) cause within twelve months
will be treated as a continuation of the
previous claim. The waiting period will
be waived and benefts will start to
accrue immediately.
Waiver of premium
If youre totally or partially disabled
for longer than your selected waiting
period, you dont have to pay any
premiums while receiving a Total or
Partial Disability Beneft.
If you have Income Protection,
premiums are also waived if youre
receiving a Specifc Injuries Beneft or
Crisis Beneft.

Increasing Claim Beneft
If you continue to receive benefts
for more than twelve months, well
increase your monthly beneft by the
indexation factor (to a maximum of
10%), on each anniversary of the date
when benefts frst started to accrue.
The following information applies
only to Income Protection.
The Rehabilitation Beneft will be
payable if youre totally disabled and
are participating in an approved
rehabilitation program. The beneft
payable is 50% of your Monthly beneft
for a maximum of twelve months.
This is paid in addition to any other
beneft. The Rehabilitation Beneft
starts to accrue from the date you frst
participate in the program and is paid
monthly in arrears.
If youre totally or partially disabled
and youre on a rehabilitation program
that is approved by us prior to
commencement, well reimburse any
rehabilitation expenses you incur as a
direct result of:
participation in such a
rehabilitation program
engaging in, or attempting to
engage in, an occupation.
This beneft starts to accrue when the

rehabilitation expenses are incurred
and is paid monthly in arrears for
a maximum of six months. The
amount payable will be reduced by
any amounts that are reimbursed by
others (for example, other insurers or
government rehabilitation program).
Examples of rehabilitation expenses:
the cost of wheelchairs and
modifcations to motor vehicles
the cost of structural changes to
your home or offce.
The cost of a rehabilitation program
is not a rehabilitation expense under
this beneft.
Well pay the Specifc Injuries Beneft
if, as a result of an injury, you suffer
one of the events listed below. This
beneft will be payable even if you have
returned to work. The Specifc Injuries
Beneft commences from the date that
the event occurs and is paid monthly
in advance. There is no waiting period.
The Monthly beneft will be paid for
the payment period shown in the table.
If one injury causes more than one of
the listed events, well pay only for the
event with the longest payment period.
If youre disabled at the end of the
payment period, then a Total or Partial
Disability Beneft will be paid subject
to the conditions of the Master Policy.
Specifc event Payment period

Paraplegia 60 months
Quadriplegia 60 months
Total and permanent loss of use of:
both hands or both feet or sight in both eyes 24 months
one hand and one foot 24 months
one hand and sight in one eye 24 months
one foot and sight in one eye 24 months
one arm or one leg 18 months
one hand or one foot or sight in one eye 12 months
thumb and index fnger from same hand 6 months
Fracture of the following bones requiring a plaster cast or other
immobilising device:
thigh (shaft) 3 months
pelvis (except coccyx) 3 months
skull (except bones of nose or face) 2 months
arm, between elbow and shoulder (shaft) 2 months
shoulder blade 2 months
leg (above the foot) 2 months
knee cap 2 months
elbow 2 months
collar bone 1 months
forearm, between wrist and elbow (shaft) 1 months
Crisis Beneft
Well pay the Crisis Beneft if you
suffer one of the conditions listed
below. The beneft will be payable even
if you are still working. However, we
wont pay a beneft for any more than
one crisis at one time.
Medical conditions
Aorta surgery
Cancer
Cardiomyopathy
Chronic kidney failure
Coronary artery bypass surgery
Diplegia
Heart valve surgery
Heart attack
Hemiplegia
Major head trauma
Major organ transplant
Multiple sclerosis
Open heart surgery
Out of hospital cardiac arrest
Primary pulmonary hypertension
Severe burns
Stroke
If the event giving rise to a claim is Cancer, payments
will only be made when the condition qualifes for a
full cancer payment. That is, no partial payments will
be made for trauma events such as Carcinoma in situ.
See the cancer defnition on page 45.
Defnitions of the above medical
conditions can be found in the glossary
under Medical terms Trauma
Protection/Income Protection on pages
45 to 47.
The monthly beneft will be paid for a
period of six months and will only be
paid once in any twelve consecutive
month period. If youre disabled at the
end of the six month payment period,
then a Total or Partial Disability
Beneft will be paid subject to the
conditions of the Master Policy.
Well reimburse the accommodation
expenses of an immediate family
member if you become totally disabled,
are under medical advice and must
remain confned to bed, the immediate
family member is accommodated near
you, and:
youre more than 100 kilometres
from your place of residence; or
youre required to travel more than
100 kilometres from your place of
residence.
$220 per day will be paid for each day
your immediate family member has to
stay away from home for up to 30 days
in any twelve month period.
If youre totally disabled beyond the
end of the waiting period, well pay the
Family Support Beneft for up to three
months if:
youre totally dependent upon an
immediate family member to look
after you at home; and
that immediate family members
income is consequently reduced.
Each month well pay an amount equal
to the reduction in the immediate
family members income or 50% of your
monthly beneft amount, whichever
is less. The Family Support Beneft
starts to accrue from the frst day you
qualify for the beneft after the waiting
period has ended and is paid monthly
in arrears.
Home Care Beneft
Well pay a Home Care Beneft if youre
still totally disabled after the waiting
period has ended and you are:
confned to, or near, a bed (other
than in a hospital or a similar
institution that provides nursing
care), due to the condition that
caused your total disability; and
totally dependent on a paid
professional housekeeper, other
than an immediate family member,
for your essential everyday home
care needs; and
not receiving the Family Support
Beneft or the Accommodation
Beneft.
The lesser of $220 a day or 100% of
your monthly beneft will be paid for
a maximum of six months. The Home
Care Beneft starts to accrue from the
frst day you qualify for the beneft
after the waiting period has ended and
is paid monthly in arrears.

Well pay a Bed Confnement Beneft if
you are totally disabled, and during the
waiting period, you are:
confned to bed;
unable to perform at least one
important income producing duty
of your occupation due to being
confned to bed;
confned continuously for at least
three days; and
certifed by a medical practitioner
to require the continuous care of a
registered nurse.
An amount equal to 1/30th of your
monthly beneft will be paid for each
day (including the frst three days) that
you continue to meet this defnition for
up to 90 days, but not beyond the end
of the waiting period. This beneft is
paid monthly in arrears.
If youre totally disabled for at least a
month while outside Australia and you
decide to return to Australia because of
the continuing total disability, well pay
an Overseas Assist Beneft during the
waiting period.
This beneft is payable once only to a
maximum of three times the monthly
Beneft Amount for any one claim and
is not payable if you were disabled
when you left Australia.
The fare costs reimbursed will be in
line with those that are medically
necessary.
Death Beneft
Well pay three times your monthly
beneft if you die while entitled to
receive a Total or Partial Disability
Beneft, Specifc Injuries Beneft or
Crisis Beneft.
Elective surgery
Youll receive a Total or Partial
Disability Beneft if your disability
results from agreeing to voluntarily
undergo medical treatment such as:
cosmetic or other elective
surgery; or
undergoing surgery to transplant
your body organs to the body of
another person.
This beneft is not payable for elective
surgery that occurs within six months
of taking out or reinstating your
Income Protection cover. If elective
surgery occurs within six months after
an increase in your cover (not including
automatic indexation), the amount of
the increase in cover will not be paid.
Optional benefts
If youre self-employed or a small
business owner, for an additional
premium you may choose to add
Business Expenses Protection to your
Income Protection cover. This cover
pays a monthly beneft to reimburse
you for certain business expenses
should you become totally disabled. See
page 26 for further information about
Business Expenses Protection.
Additional information relating to
both Income Protection and Salary
Continuance
Exclusions
We wont pay a beneft that arises in
connection with:
war or an act of war (whether
declared or not);
any intentional self-inficted injury
or any attempt at suicide;
normal and uncomplicated
pregnancy or childbirth, including
multiple pregnancy, threatened
miscarriage, participation in
an IVF or similar program, and
conditions commonly associated
with pregnancy such as morning
sickness, backache, varicose veins,
ankle swelling, bladder problems or
post-natal depression; or
You wont be paid a beneft for any
condition which is directly or indirectly
caused by an injury that frst occurred,
or sickness that frst became apparent,
before your cover or increase in cover
came into effect, unless you disclosed
this information in your application for
cover and we agreed to cover it.
Concurrent benefts
If youre entitled to claim for both the
Specifc Injuries Beneft and the Crisis
Beneft, the beneft with the longest
payment period will be paid. You wont
receive both benefts.
If youre entitled to the Specifc
Injuries Beneft or the Crisis Beneft,
these benefts will be paid instead of a
Total or Partial Disability Beneft or a
Bed Confnement Beneft.
We wont pay a Home Care
Beneft while youre receiving the
Family Support Beneft or the
Accommodation Beneft.

When are benefts paid?
Benefts
Benefts paid DURING
waiting period
Benefts paid AFTER
waiting period
Crisis Beneft
Home Care Beneft
Elective surgery
Beneft reductions
If, due to your disability, you receive
any other income which exceeds 10% of
your pre-disability income, well reduce
the monthly beneft that we must pay
you under this policy by the amount
received.
Such disability income may include:
sick leave, where the life insured
has accrued entitlements of at least
60 days at the commencement of
the Waiting Period and chooses
to use those entitlements during
the Beneft Period. No adjustment
will be made for accumulated sick
leave where:
- the life insured has less than
60 days accumulated sick
leave; or
- the life insured has at least
60 days accumulated sick leave
but the life insured chooses not
to use that leave during the
Beneft Period.
any payments resulting from a
workers compensation or motor
accident claim or any claim you
make under any state or federal
legislation; or
benefts from any other insurance
that provides income payments due
to sickness or injury.
Any payment in the form of a lump
sum, or that is exchanged for a lump
sum, will be treated as having a
monthly equivalent of 1/60th of the
lump sum over a period of 60 months.
The reduction in the amount of a
monthly beneft will only be made to
the extent that:
a Total Disability Beneft, when

combined with any other payment
or monthly income while totally
or partially disabled, exceeds the
greater of either 75% of your pre-
disability income or the monthly
beneft; or
a Partial Disability Beneft, when
combined with your monthly
income and any other payment,
exceeds 100% of your pre-
disability income.
A reduction will not be made to the
amount of your monthly beneft if the
other payment received is:
a lump sum (or part of a lump sum)
paid as compensation for pain and
suffering, or the loss of use of a part
of the body; or
a lump sum TPD Beneft.
If the estimate of your income at time
of application for cover (or an increase
in cover) was not true and correct, then
we may:
reduce the amount of your monthly
beneft to a level that does not
exceed 75% of your pre-disability
income when combined with other
disability payments; or
treat the cover as null and void if
your true income was so low that
we would not consider covering you
under this policy.
If your monthly beneft is reduced
because of a beneft offset, a part of the
premium paid to us in the last twelve
months will be refunded in proportion
to the reduction of your beneft.
Choose your waiting period

The waiting period is the period you
must wait to become eligible to receive
a beneft payment. When you apply for
your cover, you can select one of the
following waiting periods:
30 days
60 days
90 days.
Generally, the longer the waiting
period you select, the lower the cost of
your premium.
Beneft period
The beneft period is the maximum
period of time for which a monthly
beneft will be paid for any one
sickness, or any one injury, whilst
youre totally or partially disabled.
The beneft period for Income
Protection is the period up to the
age 65.
The beneft period for Salary
Continuance is either two years, or
the period up to the anniversary of
the commencement date of insurance
Level of cover
The minimum monthly beneft
available is $1,000 per month. The
maximum monthly beneft available is
$25,000 per month.
Minimum premium
Income Protection theres a minimum
premium of $200 per annum (not
including the administration fee).
Salary Continuance theres no
minimum premium.
To calculate an Income Protection or
Salary Continuance premium, see
page 30 and the Income Protection and
Salary Continuance rates tables on the
following pages.
Note: if you select the Indemnity Option, the premium
rates in the following tables are discounted by 10%

Individual Disability Income Protection
and Salary Continuance to age 65
Annual rates per $100 monthly beneft - rates include maximum
adviser commission, Asgard Management fee and stamp duty.
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 14.24 17.81 18.34 22.94
19 14.24 17.81 18.34 22.94
20 14.24 17.81 18.34 22.94
21 14.24 17.81 18.34 22.94
22 14.49 18.13 18.76 23.46
23 14.82 18.54 19.18 23.98
24 15.24 19.06 19.68 24.61
25 15.58 19.48 20.10 25.13
26 16.00 20.00 20.10 25.13
27 16.42 20.52 20.10 25.13
28 16.92 21.16 20.44 25.55
29 17.51 21.88 21.45 26.81
30 18.01 22.52 22.79 28.49
31 18.51 23.14 24.46 30.58
32 19.18 23.98 26.48 33.10
33 19.85 24.82 28.91 36.13
34 20.86 26.07 31.76 39.69
35 21.70 27.13 34.69 43.36
36 22.70 28.39 37.79 47.23
37 23.79 29.75 41.05 51.32
38 24.97 31.20 44.57 55.72
39 26.73 33.42 48.51 60.65
40 28.24 35.30 52.20 65.24
41 30.00 37.49 55.89 69.85
42 31.92 39.91 59.57 74.46
43 34.02 42.52 63.26 79.07
44 37.04 46.29 67.54 84.41
45 39.64 49.53 71.21 89.02
46 42.56 53.20 74.82 93.53
47 45.74 57.18 78.34 97.92
48 49.18 61.47 81.86 102.31
49 53.45 66.82 85.88 107.34
50 57.39 71.75 89.32 111.64
51 61.50 76.88 92.67 115.83
52 65.86 82.31 96.09 120.12
53 70.20 87.76 99.45 124.31
54 75.49 94.37 103.47 129.34
55 79.76 99.70 106.74 133.43
56 83.87 104.83 109.76 137.19
57 87.64 109.54 112.27 140.34
58 90.66 113.31 114.12 142.64
59 93.34 116.67 115.46 144.32
60 93.51 116.88 114.20 142.76
61* 91.08 113.85 109.93 137.41
62* 85.38 106.72 101.37 126.73
63* 74.98 93.73 85.55 106.92
64* 56.56 70.69 56.56 70.69
*Renewal only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 9.96 12.46 12.84 16.06
19 9.96 12.46 12.84 16.06
20 9.96 12.46 12.84 16.06
21 9.96 12.46 12.84 16.06
22 10.14 12.69 13.13 16.42
23 10.38 12.98 13.43 16.78
24 10.67 13.35 13.78 17.23
25 10.90 13.64 14.07 17.59
26 11.20 14.00 14.07 17.59
27 11.49 14.37 14.07 17.59
28 11.84 14.81 14.31 17.89
29 12.25 15.32 15.01 18.77
30 12.61 15.76 15.95 19.94
31 12.96 16.20 17.12 21.41
32 13.43 16.78 18.53 23.17
33 13.90 17.37 20.23 25.29
34 14.60 18.25 22.23 27.78
35 15.19 18.99 24.28 30.35
36 15.89 19.87 26.46 33.06
37 16.65 20.82 28.73 35.93
38 17.48 21.84 31.20 39.00
39 18.71 23.39 33.96 42.45
40 19.77 24.71 36.54 45.67
41 21.00 26.24 39.12 48.90
42 22.35 27.93 41.70 52.12
43 23.81 29.77 44.28 55.35
44 25.93 32.41 47.28 59.08
45 27.75 34.67 49.85 62.31
46 29.79 37.24 52.37 65.47
47 32.02 40.02 54.84 68.54
48 34.42 43.03 57.30 71.62
49 37.42 46.77 60.12 75.14
50 40.18 50.22 62.52 78.15
51 43.05 53.81 64.87 81.08
52 46.10 57.62 67.27 84.08
53 49.14 61.43 69.61 87.02
54 52.84 66.06 72.43 90.54
55 55.83 69.79 74.72 93.40
56 58.71 73.38 76.83 96.03
57 61.35 76.68 78.59 98.24
58 63.46 79.32 79.88 99.85
59 65.34 81.67 80.82 101.02
60 65.46 81.82 79.94 99.93
61* 63.76 79.69 76.95 96.19
62* 59.77 74.71 70.96 88.71
63* 52.49 65.61 59.88 74.85
64* 39.59 49.48 39.59 49.48
*Renewal only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 6.89 8.62 8.45 10.55
19 6.89 8.62 8.45 10.55
20 6.89 8.62 8.45 10.55
21 6.89 8.62 8.45 10.55
22 6.99 8.74 8.65 10.81
23 7.13 8.92 8.84 11.05
24 7.29 9.10 9.05 11.32
25 7.44 9.31 9.24 11.55
26 7.48 9.34 8.84 11.05
27 7.43 9.27 8.53 10.68
28 7.49 9.37 8.47 10.60
29 7.56 9.46 8.75 10.93
30 7.65 9.56 9.27 11.59
31 7.71 9.64 9.98 12.47
32 7.88 9.86 10.93 13.67
33 8.07 10.08 12.09 15.11
34 8.13 10.18 13.51 16.88
35 8.25 10.31 15.01 18.76
36 8.64 10.78 16.67 20.84
37 8.90 11.13 18.51 23.14
38 9.51 11.89 20.51 25.64
39 10.38 12.98 22.80 28.50
40 11.27 14.08 25.08 31.34
41 12.32 15.39 27.43 34.29
42 13.51 16.88 29.88 37.36
43 14.84 18.56 32.43 40.54
44 16.75 20.93 35.43 44.28
45 19.42 24.28 38.20 47.74
46 22.40 28.00 41.03 51.29
47 24.87 31.09 44.00 55.00
48 27.67 34.57 47.07 58.84
49 31.10 38.88 50.52 63.15
50 34.51 43.14 53.74 67.17
51 38.20 47.74 57.03 71.28
52 42.14 52.67 60.43 75.54
53 46.26 57.81 63.78 79.75
54 51.09 63.87 67.50 84.39
55 54.56 68.19 70.67 88.35
56 58.67 73.34 73.36 91.70
57 62.44 78.05 75.40 94.27
58 65.61 82.03 76.39 95.49
59 68.23 85.28 76.51 95.64
60 68.54 85.68 74.03 92.54
61* 66.23 82.80 68.58 85.71
62* 60.33 75.42 59.31 74.14
63* 48.61 60.76 44.20 55.26
64* 22.70 28.39 16.99 21.24
*Renewal only
Salary Continuance Rates 2 year Beneft Period
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 9.25 11.54 15.47 16.11
17 9.25 11.54 15.47 16.11
18 9.25 11.54 15.47 16.11
19 9.25 11.54 15.47 16.11
20 9.25 11.54 15.47 16.11
21 9.25 11.54 15.47 16.11
22 9.25 11.54 15.47 16.11
23 9.70 12.13 15.58 16.81
24 10.04 12.55 15.58 17.39
25 10.50 13.13 15.58 17.97
26 10.53 13.17 15.52 18.48
27 10.44 13.05 15.47 18.99
28 10.49 13.10 15.39 19.47
29 10.50 13.13 15.33 19.96
30 10.53 13.17 15.26 20.45
31 10.66 13.33 15.30 21.05
32 11.25 14.06 15.90 21.70
33 11.37 14.67 16.61 21.90
34 11.63 15.00 16.78 22.15
35 11.88 15.31 16.99 22.43
36 12.14 15.66 17.60 23.21
37 12.41 16.00 18.13 23.93
38 12.80 16.49 18.65 24.62
39 13.16 16.97 19.22 25.35
40 13.70 17.65 19.77 26.06
41 14.21 18.31 20.73 27.35
42 14.83 19.13 21.81 28.79
43 15.62 20.13 23.58 30.10
44 16.37 21.09 24.70 31.54
45 17.27 22.26 26.70 33.01
46 18.29 23.57 28.67 35.47
47 19.56 25.23 31.67 37.99
48 20.82 26.86 33.96 40.74
49 22.39 28.00 37.43 43.57
50 24.18 30.23 40.23 46.83
51 26.34 32.92 43.80 50.96
52 28.79 35.99 49.03 55.44
53 31.54 39.44 53.60 60.61
54 34.61 43.27 58.96 66.68
55 38.13 47.66 65.06 71.63
56 41.74 52.17 69.99 74.98
57 45.75 57.18 75.72 81.12
58 50.16 62.72 82.70 88.62
59 55.10 68.89 90.81 97.29
60 60.73 75.91 100.52 107.71
61* 66.89 83.61 111.99 119.99
62* 73.72 92.15 125.67 134.64
63* 66.63 83.29 116.43 124.74
64* 37.86 47.32 70.15 75.14
*Renewal only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 8.79 10.39 13.92 14.50
17 8.79 10.39 13.92 14.50
18 8.79 10.39 13.92 14.50
19 8.79 10.39 13.92 14.50
20 8.79 10.39 13.92 14.50
21 8.79 10.39 13.92 14.50
22 8.79 10.39 13.92 14.50
23 8.89 10.54 14.01 14.60
24 8.89 10.54 14.01 14.60
25 9.01 10.68 14.01 14.60
26 9.04 10.69 13.96 14.55
27 8.96 10.61 13.92 14.50
28 8.99 10.64 13.84 14.41
29 9.01 10.68 13.80 14.37
30 9.04 10.69 14.12 14.70
31 9.16 10.84 14.55 14.73
32 9.35 11.40 14.21 14.80
33 9.44 11.82 14.73 15.32
34 9.67 12.09 14.87 15.50
35 9.87 12.36 15.08 15.70
36 10.10 12.62 15.61 16.25
37 10.31 12.90 16.07 16.74
38 10.64 13.30 16.53 17.23
39 10.93 13.67 17.04 17.75
40 11.38 14.22 17.51 17.76
41 11.81 14.76 18.39 18.64
42 12.34 15.41 19.35 19.62
43 12.98 16.24 20.24 21.07
44 13.60 16.99 21.19 22.07
45 14.34 17.94 22.19 23.11
46 15.20 19.01 23.84 24.81
47 16.27 20.34 25.53 26.59
48 17.32 21.66 27.38 28.52
49 18.61 23.27 29.27 30.50
50 20.09 25.14 31.47 32.79
51 21.88 27.36 34.25 35.67
52 23.93 29.93 37.26 38.81
53 26.22 32.79 40.73 42.41
54 28.77 35.97 44.81 46.68
55 31.70 39.61 49.44 51.50
56* 34.70 43.38 53.19 55.39
57* 38.03 47.54 57.54 59.94
58* 41.70 52.12 62.86 65.48
59* 45.81 57.26 69.01 71.90
60* 50.49 63.11 76.39 79.57
61* 55.59 69.50 85.10 88.65
62* 61.27 76.61 95.50 99.48
63* 55.39 69.23 88.50 92.18
64* 31.47 39.35 53.30 55.53
*Renewal only
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
16 5.55 6.93 9.28 11.60
17 5.55 6.93 9.28 11.60
18 5.55 6.93 9.28 11.60
19 5.55 6.93 9.28 11.60
20 5.55 6.93 9.28 11.60
21 5.55 6.93 9.28 11.60
22 5.55 6.93 9.28 11.60
23 5.62 7.03 9.34 11.68
24 5.62 7.03 9.34 11.68
25 5.70 7.12 9.34 11.68
26 5.70 7.38 9.31 11.65
27 5.68 7.33 9.28 11.60
28 5.68 7.60 9.25 11.54
29 5.70 7.63 9.19 11.51
30 5.70 7.64 8.83 11.04
31 5.77 7.73 8.84 10.64
32 6.12 7.65 9.55 11.94
33 6.18 7.73 9.63 12.03
34 6.33 7.91 9.72 12.17
35 6.68 8.35 10.20 12.76
36 6.82 8.54 10.55 13.19
37 6.99 8.75 10.88 13.60
38 7.44 9.29 11.58 13.99
39 7.64 9.56 11.92 14.41
40 7.96 9.96 12.65 14.81
41 8.27 10.32 13.26 15.56
42 8.91 11.13 13.95 16.91
43 9.36 11.70 14.61 18.26
44 10.13 12.66 15.77 19.74
45 10.68 13.35 16.51 20.64
46 11.66 14.57 18.28 22.84
47 12.47 15.59 19.58 24.48
48 13.67 17.10 21.63 27.03
49 14.68 18.37 23.12 28.90
50 16.32 19.83 24.83 31.04
51 17.77 21.60 27.04 33.81
52 19.96 23.61 29.41 36.76
53 21.88 26.61 33.08 41.33
54 24.00 29.21 36.38 45.47
55 26.43 32.15 40.15 50.19
56* 28.97 35.21 43.19 53.98
57* 31.75 38.60 46.72 58.41
58* 34.79 42.30 51.03 63.80
59* 38.25 46.51 56.06 70.06
60* 42.14 51.26 62.05 77.56
61* 46.41 56.42 69.12 86.39
62* 51.15 62.22 77.56 96.95
63* 46.22 56.22 71.85 89.82
64* 26.25 31.93 43.28 54.09
*Renewal only
What is Business Expenses Protection?
Business Expenses Protection is
available to self-employed and small
business owners. This cover pays a
monthly beneft to reimburse you for
certain business expenses should you
become totally disabled.
You may apply for Business Expenses
Protection:
as an additional beneft to Income
Protection; or
as a separate beneft.
Business Expenses Protection is not
available through an Asgard Super
Account.
What business expenses are covered?
Business expenses are the normal
day-to-day running expenses of your
business. They include, but are not
limited to:
accounting fees;
cleaning and laundry;
depreciation of plant and
equipment;
electricity, telephone, heating and
water costs;
insurance premiums;
leasing costs of equipment or motor
vehicles;
net cost of locum direct
replacement for you from a source
outside the business;
interest repayments under a loan
for the purposes of the business;
interest payments under a
mortgage;
property rates and taxes;
remuneration and associated costs
of any non-income generating
employee;
rent;
subscriptions to professional
associations; and
other expenses specifcally agreed
to in writing.
The following business expenses are

not included:
depreciation on real estate;
payments for goods, stock in trade,
plant or equipment;
remuneration, salaries, fees or
benefts of income generating
employees;
any amounts paid to you, an
immediate family member or
any joint owner of the business
such as remuneration, salary, fees
or benefts;
any expense that was not normally
paid by yourself before your
disability; and
any portion of business expense
which is normally payable by
someone else who has an interest in
the business.
Benefts
If you have a continuous period of
total disability at the expiry of the
waiting period, youll receive the Total
Disability Beneft. The Total Disability
Beneft is the lesser of your Business
Expenses Monthly Beneft and the
actual business expenses incurred.
Elective surgery
The Total Disability Beneft will be
payable even if your total disablement
results from cosmetic or elective
surgery, or the transplant of organs to
another person.
The Total Disability Beneft is not
payable for elective surgery that occurs
within six months of taking out or
reinstating your Business Expenses
Protection cover.
Waiver of premium
If youre totally disabled for longer
than the waiting period, the premiums
paid during that period will be
refunded and well continue to waive
your premiums until youre no longer
totally disabled. Premium payments
will recommence from the date your
disablement ceases.
A claim recurring from the same cause
within 12 months will be treated as
a continuation of the previous claim.
The waiting period will be waived
and benefts will start to accrue
immediately.
Exclusions
We wont pay a beneft that arises in
connection with:
war or an act of war (whether
declared or not);
any intentional self-inficted injury
or any attempt at suicide; or
normal and uncomplicated
pregnancy or childbirth, including
multiple pregnancy, threatened
miscarriage, participation in
an IVF or similar program and
conditions commonly associated
with pregnancy such as morning
sickness, backache, varicose veins,
ankle swelling, bladder problems or
post natal depression.
You wont be paid a beneft for any
condition which is directly or indirectly
caused by an injury that frst occurred,
or sickness that frst became apparent,
before your cover or increase in cover
came into effect, unless you disclosed
this information in your application for
cover and we agreed to cover it.
Beneft reductions
Your beneft will be reduced by:
your portion of the income derived
from your business trading during
that period;
any income generated by a person
hired to replace you; and
any amounts received from another
insurance policy covering your
business expenses.
Well only reduce your beneft,
because of other insurance, to the
extent that the combined beneft and
other insurance payment exceeds
100% of your business expenses
monthly beneft.
Beneft period
The Total Disability Beneft is payable
for a period of up to twelve months. The
beneft will cease when the frst of the
following events occurs:
you are no longer totally disabled;
a total of twelve Business Expenses
Monthly Benefts have been paid;
the anniversary of the
preceding your 65th birthday has
been reached; or
you die.

What if your expenses are more than the
beneft amount?
Well reimburse you for the covered
expenses your business actually
incurred, up to the amount of monthly
cover you purchased.
What if your monthly expenses are less
than the beneft amount?
If your monthly expenses are less
than the beneft amount, well extend
the beneft period for up to a further
twelve months, while your disability
continues, until your reimbursed
expenses equal twelve times the
monthly beneft.
Waiting period
30 days
60 days
90 days.
your premium.
Level of cover
The minimum beneft available for
Business Expenses Protection is $1,000
per month.
The maximum beneft available for
Business Expenses Protection is
$25,000 per month.
Minimum premium
Theres a minimum premium of
To calculate a Business Expenses
Protection premium, see page 30 and
the Business Expenses Protection rates
tables on the following pages.
Business Expenses Protection rates

Annual rates per $100 monthly beneft rates include maximum
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 6.95 8.70 11.63 14.54
19 6.95 8.70 11.63 14.54
20 6.95 8.70 11.63 14.54
21 6.95 8.70 11.63 14.54
22 6.95 8.70 11.63 14.54
23 7.04 8.80 11.72 14.65
24 7.04 8.80 11.72 14.65
25 7.13 8.91 11.72 14.65
26 7.15 8.95 11.67 14.59
27 7.09 8.86 11.63 14.54
28 7.12 8.90 11.57 14.46
29 7.13 8.91 11.53 14.41
30 7.15 8.95 11.48 14.35
31 7.24 9.05 11.50 14.38
32 7.41 9.27 11.55 14.45
33 7.48 9.35 11.65 14.57
34 7.66 9.58 11.78 14.73
35 7.82 9.78 11.93 14.92
36 8.00 10.00 12.35 15.43
37 8.17 10.21 12.73 15.91
38 8.42 10.53 13.10 16.37
39 8.66 10.82 13.49 16.86
40 9.01 11.26 13.85 17.32
41 9.34 11.68 14.55 18.19
42 9.77 12.21 15.31 19.14
43 10.28 12.84 16.02 20.02
44 10.77 13.46 16.77 20.97
45 11.36 14.21 17.56 21.94
46 12.03 15.04 18.86 23.57
47 12.87 16.09 20.20 25.26
48 13.71 17.14 21.68 27.10
49 14.74 18.43 23.18 28.98
50 15.91 19.90 24.91 31.15
51 17.32 21.65 27.11 33.89
52 18.95 23.69 29.49 36.86
53 20.76 25.95 32.25 40.31
54 22.77 28.45 35.47 44.34
55 25.08 31.35 39.13 48.92
56* 27.47 34.33 42.09 52.62
57* 30.10 37.62 45.54 56.93
58* 33.00 41.26 49.75 62.19
59* 36.26 45.33 54.63 68.30
60* 39.97 49.97 60.47 75.59
61* 44.01 55.02 67.36 84.20
62* 48.50 60.62 75.59 94.49
63* 43.84 54.80 70.04 87.55
64* 24.91 31.15 42.19 52.75
* Renewal only.
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 4.17 5.22 6.98 8.72
19 4.17 5.22 6.98 8.72
20 4.17 5.22 6.98 8.72
21 4.17 5.22 6.98 8.72
22 4.17 5.22 6.98 8.72
23 4.22 5.28 7.03 8.78
24 4.22 5.28 7.03 8.78
25 4.27 5.35 7.03 8.78
26 4.30 5.37 7.00 8.76
27 4.26 5.32 6.98 8.72
28 4.27 5.35 6.94 8.67
29 4.27 5.35 6.91 8.65
30 4.30 5.37 6.89 8.61
31 4.35 5.44 6.90 8.63
32 4.45 5.56 6.93 8.66
33 4.49 5.61 6.99 8.73
34 4.60 5.75 7.07 8.84
35 4.69 5.87 7.15 8.95
36 4.80 6.00 7.41 9.27
37 4.90 6.13 7.63 9.54
38 5.06 6.32 7.86 9.83
39 5.20 6.50 8.09 10.11
40 5.41 6.76 8.32 10.40
41 5.60 7.00 8.73 10.92
42 5.87 7.33 9.19 11.49
43 6.17 7.71 9.61 12.01
44 6.46 8.08 10.06 12.58
45 6.81 8.52 10.53 13.16
46 7.22 9.03 11.31 14.14
47 7.72 9.66 12.12 15.16
48 8.23 10.29 13.01 16.26
49 8.85 11.06 13.90 17.38
50 9.54 11.93 14.95 18.69
51 10.39 12.99 16.27 20.34
52 11.36 14.21 17.70 22.12
53 12.45 15.56 19.35 24.19
54 13.66 17.08 21.29 26.61
55 15.04 18.81 23.49 29.36
56* 16.48 20.60 25.26 31.58
57* 18.06 22.58 27.33 34.17
58* 19.81 24.76 29.86 37.33
59* 21.75 27.19 32.78 40.97
60* 23.98 29.97 36.28 45.35
61* 26.41 33.00 40.41 50.51
62* 29.10 36.38 45.35 56.69
63* 26.30 32.88 42.03 52.53
64* 14.95 18.69 25.32 31.65
* Renewal only.
Age next
birthday
Male
non-smoker
Male
smoker
Female
non-smoker
Female
smoker
18 4.87 6.09 8.14 10.18
19 4.87 6.09 8.14 10.18
20 4.87 6.09 8.14 10.18
21 4.87 6.09 8.14 10.18
22 4.87 6.09 8.14 10.18
23 4.93 6.16 8.20 10.26
24 4.93 6.16 8.20 10.26
25 4.99 6.24 8.20 10.26
26 5.01 6.26 8.17 10.21
27 4.96 6.20 8.14 10.18
28 4.98 6.23 8.10 10.12
29 4.99 6.24 8.07 10.09
30 5.01 6.26 8.03 10.04
31 5.07 6.34 8.05 10.07
32 5.19 6.49 8.09 10.11
33 5.24 6.55 8.16 10.20
34 5.36 6.71 8.25 10.31
35 5.48 6.85 8.35 10.44
36 5.60 7.00 8.64 10.80
37 5.72 7.15 8.91 11.14
38 5.89 7.37 9.17 11.46
39 6.06 7.57 9.44 11.80
40 6.31 7.88 9.70 12.12
41 6.54 8.18 10.18 12.73
42 6.84 8.55 10.72 13.40
43 7.19 8.99 11.21 14.02
44 7.54 9.42 11.74 14.68
45 7.95 9.95 12.29 15.36
46 8.42 10.53 13.20 16.50
47 9.01 11.26 14.14 17.68
48 9.60 12.00 15.17 18.97
49 10.32 12.90 16.23 20.29
50 11.14 13.93 17.44 21.80
51 12.12 15.16 18.98 23.72
52 13.26 16.58 20.64 25.80
53 14.53 18.17 22.57 28.22
54 15.94 19.92 24.83 31.04
55 17.55 21.94 27.39 34.24
56* 19.23 24.03 29.46 36.84
57* 21.07 26.33 31.88 39.85
58* 23.10 28.88 34.83 43.53
59* 25.39 31.73 38.24 47.81
60* 27.98 34.98 42.33 52.91
61* 30.81 38.52 47.15 58.94
62* 33.95 42.44 52.91 66.14
63* 30.69 38.36 49.03 61.28
64* 17.44 21.80 29.54 36.92
* Renewal only.
Product Disclosure Statement Premiums and charges | 29
Premiums
and charges
Premiums
Your premiums are based on the type
and level of cover you choose along
with various other factors such as your
age, gender, general health history
and current condition, and whether
or not you smoke. Your premium is
recalculated at each anniversary of
the commencement date of insurance
based upon your age and/or any
increase in the cover arising from
indexation increases.
You can obtain a copy of our premium
rates, or an indicative quote from your
fnancial adviser or our Contact Centre.
Important information about premium
rate tables and rate calculations
The rate tables for each Asgard
personal protection product give an
indication of the premium rates that
may be payable in respect of each
applicable type of cover. This PDS
includes the following rate tables:
Life Protection and Total &
Permanent Disablement (TPD)
Protection pages 9 and 11
(TPD) Only page 12
Trauma Protection (includes Life
Protection cover) page 15
(includes Life Protection cover)
page 18
Individual Disability Income
Protection and Salary Continuance
to age 65 pages 23 and 24
Salary Continuance 2 year beneft
period pages 24 and 25
pages 27 and 28
You should note that the rates provided

in the rate tables are indicative
only. The precise rate payable in your
particular case may vary depending on:
your age next birthday; and
any occupation loadings that may
apply; and
any underwriting requirements
(which may take into account
the state of your health, your
occupation and any other relevant
factors); and
the remuneration payable to your
fnancial adviser; and
any additional benefts, premium
payment factors or discounts that
may apply to your cover.
Premiums calculated will be indicative
premiums only. The actual rate may
vary depending on the factors listed
above and the potential impact of rate
reviews and government taxes and
charges (see page 31).
30 | Product Disclosure Statement Premiums and charges

Life, Total & Permanent Disablement (TPD),
Trauma and Critical Trauma Protection
Income Protection, Salary Continuance and
1. Select the base rate from the relevant rate
table using the Life Insureds age next
birthday, gender, smoker status and type
of cover.
1. Select the base rate from the relevant rate
table using the Life Insureds age next
birthday, gender, smoker status and type
of cover.
2. Add the Death Only rate and the TPD
rate together if the Life Insured requests
TPD Protection linked to Death cover.
Multiply the TPD component by 1.5 if own
occupation defnition is being used (see
page 44 for own occupation defnition).
2. Multiply the rate by the sum insured
divided by 100 to arrive at the annual
premium.
Note: a 10% discount applies if you choose the
Indemnity Option for Salary Continuance or Income
Protection.
3. Multiply the rate by the sum insured
divided by 1000 to arrive at the annual
premium.
3. If premiums are being paid more
frequently than annually, multiply this
annual premium by the appropriate
payment factor.
4. If premiums are being paid more
frequently than annually, multiply this
annual premium by the appropriate
payment factor.
4. Add the administration fee.
5. Add the administration fee.
Payment factors
All fgures quoted are annual
premiums. If premiums are being paid
more frequently than annually, the
annual premium must be multiplied
by the appropriate payment factor. An
additional charge applies if you choose
to pay your premium more frequently
than annually (see Charges on
this page).
Payment frequency Payment factor
Half yearly 0.515
Quarterly 0.26
Monthly 0.088
Administration fee
An administration fee is charged for
each type of insurance held and covers
the costs associated with establishing
and maintaining your insurance. The
administration fee is shown on your
Policy Information Statement.
Premium payment
frequency
Administration fee
(including GST)
Monthly* $4.40
Quarterly $13.20
Half yearly $25.30
Annually $48.40
* If monthly premiums are deducted from a super
account, the administration fee is $4.10 (see page
36 for more information).
If there are any changes to these fees,
Asgard will give you three months
notice prior to the changes being
implemented.
Charges
If you choose to pay your premiums
more frequently than annually,
an additional charge (loading)
will be applied to cover the cost of
administration.
Payment frequency Loading
Yearly nil
Half yearly 3% of annual
premium
Quarterly 4% of annual
premium
Monthly 6% of annual
premium
Product Disclosure Statement Premiums and charges | 31
Payment methods and frequency
Frequency
Method of payment Yearly Half yearly Quarterly Monthly
Cheque
(minimum $200 per annum)*
Not available
Direct debit
(minimum $200 per annum)*
Not available Not available Not available
Asgard Super Account# Not available Not available Not available
Asgard Investment Account# Not available Not available Not available
* If you hold stand-alone insurance, these are the only options available for payment of premiums.
# Premiums will be paid directly from your Asgard Super or Investment Account.
Review of rates
Future premium rates are not
guaranteed to stay the same as current
premium rates. We reserve the right to
change the premium rates under the
Master Policy.
Government taxes and charges
Well pass on, with immediate effect,
any government taxes or charges
(including stamp duty, which is
included in the premium rates)
relating to this policy.
Non-payment of premiums
Well allow you up to 30 days (from
the premium due date) to pay your
premium. Youll be advised in writing
of the date when all cover will cease if
the premium is not paid.
Management fee
Asgard receives a management
fee of up to 11% (including GST) of
insurance premium payments and may
be entitled to a proft share payment
for Life, TPD, Trauma and Critical
Trauma Protection (if it is justifed by
the claims experience) from the Insurer
as remuneration for the administrative
service it provides.
Adviser commission
Your fnancial adviser can receive up
to 27.5% (including GST) of insurance
premiums as commission. The amount
of adviser commission agreed between
you and your fnancial adviser is
included in your premium.
Clearing account interest
stand-alone insurance
If you purchase insurance on a stand-
alone (non-superannuation) basis,
the premiums you pay pass through
a clearing account in Asgards name
before being paid to the Insurer.
Benefts paid by the Insurer can also
pass through this clearing account. By
completing an application, you agree
that Asgard may retain the interest
earned on the money passing through
this clearing account. Any fees in
relation to this account will be paid
by Asgard.
As a Technical manager in our Advice Business
Solutions team, Jeannie helps advisers with
solutions to technical queries they may have.
Product Disclosure Statement Stand-alone (non-superannuation) insurance | 33
Stand-alone (non-
superannuation)
insurance
The following insurance products are
available as stand-alone products:
Life Protection
TPD Protection
TPD Only
Trauma Protection
Income Protection
Are you eligible to apply for insurance?
Entry and expiry ages
Cover Entry age
Expiry
age^
Life Protection 16 to 65 99
TPD 16 to 60 65
Trauma Protection 18 to 60 70
Critical Trauma
Protection
18 to 60 70
Income Protection 18 to 55 65
Business Expenses
Protection
18 to 55 65
^ Cover ends on the anniversary of the
commencement date of insurance prior to the expiry
age indicated.
Other eligibility conditions

TPD
You must be working at least 15 hours
per week as a permanent or permanent
part-time employee to be able to apply
for the Standard Occupation or Own
Occupation TPD defnition.
Extension of Cover During
Unpaid Leave
While premiums are paid, TPD cover
will continue without modifcation for
the frst twelve months that the life
insured is on leave without pay from
their usual employment.
After that time, the defnition of
TPD will alter depending on the
circumstances of the life insured. If the
life insured is:
then performing unpaid domestic
duties, the defnition will revert to
that described in section (D)(ii) on
page 10; or
not performing unpaid domestic
duties and not otherwise working,
the defnition will revert to that
described in sections (A, B and C)
on page 10.
Income Protection
Minimum working hours per week
You must be working at least 15
hours per week as a permanent or
permanent part-time employee to be
able to apply for Income Protection.
Income Protection is not available for
casual employees.
More than one occupation
If you have more than one occupation,
your beneft will be based on the
income you receive from your principal
occupation only.
Working from home
If you work from home, well require
details such as length of time in
business, size of business, number of
employees, form of payment/accounts,
type of occupation, qualifcations and
duties performed.
Overseas or temporary residents
Usually, only permanent residents
of Australia who have been residing
in Australia for more than two years
are eligible.
34 | Product Disclosure Statement Stand-alone (non-superannuation) insurance
Anticipated surgery or present disability
If youre about to undergo surgery,
or are currently disabled, well only
consider your application following
your full recovery and return to full-
time work.
Information on your cover
On acceptance of your application, well
provide you with a Policy Information
Statement, which explains your
cover. Further information is also
available in the relevant Master Policy
which can be obtained from Investor
Online, our Contact Centre or your
fnancial adviser. These are important
documents and should be read
carefully and retained by you. All the
terms of your insurance are effective
as soon as we issue your Policy
While were processing your
application, youll be covered under the
terms of the Interim cover detailed on
pages 53 and 54.
On the anniversary of the
commencement date of your insurance,
youll receive an annual review letter
from Asgard confrming your insurance
details (including insurance type, sum
insured and premiums).
Termination of your cover
Your insurance cover will end as soon
as one of the following happens:
youve reached the cover expiry age;
a beneft has been paid for Terminal
Illness or TPD and there is no
remaining Death Beneft;
a Death Beneft has been paid;
the full sum insured has been paid
for Trauma or Critical Trauma
Protection;
you permanently retire from
the workforce (for Income
Protection only);
Asgard receives a written
request from you to cancel your
insurance cover;
premiums are not paid within
30 days of written notice of
premiums due;
TOWER terminates for
misrepresentation or non-disclosure;
you die; or
the Master Policy ends.
In the event the Master Policy ends,
Asgard will endeavour to provide
a replacement policy with another
insurer under which cover will be
continued on similar terms and
conditions to that provided in the
Asgard policy.
Policy variation
The Insurer may vary the
provisions of a Master Policy in
certain circumstances outlined in a
Master Policy.
Taxation
The following comments are a
general guide only, based on current
understanding of taxation laws.
As your individual circumstances
may be different, you should discuss
any taxation issues with your
taxation adviser.
Premiums
The tax deductibility of premiums is
summarised below.
Type of cover Tax deductible?
Life Protection
TPD Protection
These premiums
are generally not
tax deductible for
individuals effecting
cover for personal
protection.*
Trauma Protection
Critical Trauma
Protection
These premiums
are generally not
tax deductible for
individuals effecting
cover for personal
protection.*
Income Protection
Business Expenses
Protection
These premiums
are generally tax
deductible. There are
certain exceptions.
* Premiums paid for Life, TPD, Trauma and Critical
Trauma Protection by a business for a revenue
purpose may be tax deductible.
Benefts
The tax treatment of beneft payments
is summarised below.
Type of cover
Income tax
assessable?
Life Protection
TPD Protection
Payments made in
the event of death
or disability are
generally not subject
to income tax.*
Trauma Protection
Critical Trauma
Protection
Payments made in
the event of a major
trauma are generally
not subject to
income tax.*
Income Protection
Business Expenses
Protection
Payments made are
generally treated
as taxable income.
There are certain
exceptions.
* Benefts paid for Life, TPD, Trauma and Critical
Trauma Protection to a business for a revenue
purpose will generally be assessed as income.
Charges
The current administration fees for
stand-alone (non-superannuation)
products are detailed below. This fee
is shown on your Policy Information
Statement. The administration fee
is charged for each type of insurance
selected (as listed on the inside front
cover of this PDS) and covers the
costs associated with establishing and
maintaining your insurance.
If there are any changes to these fees,
Asgard will give you three months
notice prior to any changes being
implemented.
Premium
payment frequency
Administration
fee (including GST)
Monthly $4.40
Quarterly $13.20
Half yearly $25.30
Annually $48.40
Customer concerns
If youve any enquiries or complaints
about your insurance cover, telephone
our Contact Centre on 1800 998 185
or email asgard.investor.services@
asgardwealthsolutions.com.au
You may also send a written
complaint to:
Contact Centre
PO Box 7490
PERTH WA 6850
Asgard will endeavour to resolve your
concern within 45 days and youll be
notifed in writing of a decision in
relation to your complaint. If your
complaint is not resolved to your
satisfaction within 90 days, you
may contact the Financial Industry
Complaints Service (FICS).
FICS is an independent service that
handles complaints involving life
insurance companies. It is able to
offer free, informed assistance to
help resolve your complaint. You
can contact FICS by telephoning
1800 335 405 or (03) 9629 7050, or you
may write to:
Financial Industry Complaints Service
PO Box 579, Collins Street West
Melbourne VIC 8007
Product Disclosure Statement Insurance through an Asgard Super Account | 35
Insurance
through an
Asgard Super
Account
The following insurance products
are available through an Asgard
Super Account:
Life Protection
TPD Protection
Salary Continuance
Are you eligible to apply

for insurance?
Entry and expiry ages
Cover Entry age
Expiry
age^
Life Protection 16 to 65 70
TPD Protection 16 to 60 65
Salary Continuance 16 to 55 65
^ Cover ends on the anniversary of the
commencement date of insurance prior to the expiry
age indicated.
Other eligibility conditions
TPD Protection
You must be working at least 15 hours
per week as a permanent or permanent
part-time employee to be able to apply
for the standard occupation or own
occupation TPD defnition.
Extension of Cover During
Unpaid Leave
While premiums are paid, TPD cover
will continue without modifcation for
the frst twelve months that the life
insured is on leave without pay from
their usual employment.
After that time, the defnition of
TPD will alter depending on the
circumstances of the life insured. If the
life insured is:
then performing unpaid domestic
duties, the defnition will revert to
that described in section (D) (ii) on
page 10; or
not performing unpaid domestic
duties and not otherwise working,
the defnition will revert to that
described in sections (A, B and C)
on page 10.
36 | Product Disclosure Statement Insurance through an Asgard Super Account

Salary Continuance
Minimum working hours per week
You must be working at least 15
hours per week as a permanent or
permanent part-time employee to be
able to apply for Salary Continuance.
Salary Continuance is not available for
casual employees.
More than one occupation
If you have more than one occupation,
your beneft will be based on the
income you receive from your principal
occupation only.
Working from home
If you work from home, well require
details such as length of time in
business, size of business, number of
employees, form of payment/accounts,
type of occupation, qualifcations and
duties performed.
Overseas or temporary residents
Usually, only permanent residents
of Australia who have been residing
in Australia for more than two years
are eligible.
Anticipated surgery or present disability
If youre about to undergo surgery,
or are currently disabled, well only
consider your application following
your full recovery and return to full-
time work.
When are benefts paid?
Any beneft payable is paid to Asgard
and held on your behalf until payable
under the terms of the Trust Deed
for the Asgard Super Accounts.
The payment of insured benefts
by the trustee is also subject to the
relevant amount being received from
the Insurer.
Life and TPD Protection
Before a TPD or Terminal Illness
Beneft can be paid to you, you must be
permanently incapacitated as defned
by superannuation law, or satisfy
another condition of release.
Salary Continuance
Before a Salary Continuance
Beneft can be paid to you, you must
be temporarily or permanently
incapacitated as defned by
superannuation law, or satisfy another
condition of release. You will also need
to satisfy the beneft waiting period
selected. See Waiting periods below.
Beneft periods
The beneft period is the maximum
period of time for which a monthly
beneft will be paid for any one
sickness or any one injury whilst
youre totally or partially disabled. The
beneft period for Salary Continuance
is two years or until the anniversary
of the commencement date of the cover
prior to age 65.
Generally, premiums will cost less with
a two year beneft period rather than a
beneft period to age 65.
Waiting periods
30 days
60 days
90 days.
your premium.
Premiums and charges
Premiums
Asgard will deduct your insurance
premium monthly from your
nominated Asgard Super Account.
Asgard is not liable to meet the cost
of your insurance. If you dont have
enough cash in your account, Asgard
may be required to sell a portion of
your investments in your account
to pay the premium. If your account
balance is insuffcient to cover the
premiums, your insurance cover
will cease.
As premiums are deducted from
your account, you must be eligible to
make superannuation contributions.
Generally, you, your employer, or
associates of your employer can
make contributions to your account if
you are:
under 65 years of age regardless
of employment status, health and
whether you have ever worked; or
aged 65 but not aged 70, and have
been gainfully employed for at least
40 hours in a period of not more
than 30 consecutive days during
the fnancial year in which the
contribution is made.
Your spouse may be able to make
contributions on your behalf if you are
under age 65.
The premiums for your insurance will

be placed in TOWERs Statutory Fund
No. 1 and insurance claims will be paid
from that fund.
Charges
Asgard charges an administration fee
of $4.10 (including GST) per member
per month for Asgard Super Accounts.
The administration fee is charged for
each type of cover you hold with us
and covers the costs associated with
establishing and maintaining your
insurance.
Continuation option
(Life and TPD only)
If you cease to hold an Asgard Super
Account, you may continue to hold
the equivalent insurance cover on a
stand-alone basis. See Stand-alone
(non-superannuation) insurance on
pages 33 and 34. You can continue your
equivalent insurance cover if you:
are under 65 years of age;
have not joined the armed forces;
and
have not left the employment of an
employer for reason of total and
permanent disablement or made a
claim for a beneft due to total and
permanent disablement or because
you are terminally ill.
The continuation process is simple
and doesnt require you to provide any
additional information or undergo
further medical examinations, provided
you dont want to increase the amount
of your insurance cover. To effect
the continuation option, you must
apply in writing to Asgard within
60 days of ceasing to hold an Asgard
Super Account.
Information on your cover
On acceptance of your application,
youll be provided with a Policy
Information Statement which explains
your cover. Further information is
also available in the relevant master
policy which can be obtained from
Investor Online, our Contact Centre
or your fnancial adviser. These are
important documents and should be
read carefully and retained by you.
All the terms of your insurance are
effective as soon as we issue your
Policy Information Statement. For
information relating to the cooling-
off provisions for superannuation
products, see page 40.
Product Disclosure Statement Insurance through an Asgard Super Account | 37

While were processing your
application, youll be covered under
the terms of the Interim cover detailed
on pages 53 and 54. During the
month before the anniversary of the
commencement date of your insurance,
youll receive an annual review letter
from Asgard confrming your insurance
details (including insurance type, sum
insured and premiums).
Termination of your cover
Your insurance cover will end as soon
as one of the following happens:
youve reached the cover expiry age;
a beneft has been paid for Terminal
Illness or TPD and there is no
remaining Death Beneft;
a Death Beneft has been paid;
you permanently retire from
the workforce (for Salary
Continuance only);
Asgard receives a written
request from you to cancel your
insurance cover;
premiums are not paid within
30 days of written notice of
premiums due;
TOWER terminates for
misrepresentation or
non-disclosure;
you no longer hold an Asgard
Super Account;
you die; or
the Master Policy ends.
In the event the master policy ends,
Asgard will endeavour to provide
a replacement policy with another
insurer under which cover will be
continued on similar terms and
conditions to that provided in the
Asgard policy.
Policy variation
TOWER may vary the provisions of the
Master Policy in certain circumstances
outlined in the Master Policy.
Taxation
The following comments are a
general guide only, based on current
understanding of taxation laws.
As your individual circumstances
may be different, you should discuss
any taxation issues with your
taxation adviser.
Premiums
The tax deductibility of premiums is
summarised below.
Type of cover Tax deductible?
Life Protection
TPD Protection
All or parts of
premiums are generally
tax deductible.
Salary
Continuance
All or parts of
premiums are generally
tax deductible.
Asgard will calculate these deductions
for you and refect them in your
account.
Taxation of Death benefts
Death Benefts paid from a
superannuation fund as a lump sum
are tax free if paid to Members spouse
or dependants. Lump sum Death
Benefts paid to a non-dependent
is assessable income. The element
taxed in the fund will be taxed at the
maximum rate of 15%. The element
untaxed in the fund will be taxed at
the maximum rate of 30%.
Taxation of TPD benefts
Your TPD beneft will be made up of
a tax-free component and a taxable
component. If your TPD payment
is taxable, either all or just part of
it, then you will receive a payment
summary from your super fund with
details of the tax-free and the taxable
components of your beneft.
If you consider the total and
permanent disablement is a result
of personal injury, you should seek
independent tax advice as you may be
entitled to a refund from the tax offce
of any tax deducted.
Salary Continuance benefts
Any beneft received from this
insurance cover will be assessable as
income and therefore subject to tax.
Customer concerns
If you have any enquiries or complaints
in relation to your insurance cover,
please telephone our Contact Centre on
1800 998 185 or email asgard.investor.
services@asgardwealthsolutions.com.au
You may also send a written
complaint to:
Contact Centre
PO Box 7490
PERTH WA 6850
Asgard will endeavour to resolve
your concern within 45 days and
youll be notifed in writing of a
decision in relation to your complaint.
If youre not satisfed with the
decision or the handling of your
complaint by Asgard or the Insurer,
you may make a complaint to the
Superannuation Complaints Tribunal.
The Superannuation Complaints
Tribunal is an independent body set up
by the Federal Government to consider
complaints about the decisions of super
fund trustees, which may be unfair or
unreasonable.
Before the Superannuation Complaints
Tribunal has jurisdiction to deal with
the matter, it must be satisfed that the
complaint was previously made to an
appropriate person under the internal
enquiries and complaints procedures.
To fnd out whether the
Superannuation Complaints Tribunal
can handle your complaint and the
type of information you need to
provide, view its website at
www.sct.gov.au or telephone
1300 780 808.
Alternatively, you can write to:
Superannuation Complaints Tribunal
Locked Bag 3060
GPO Melbourne VIC 3001
Your insurance cover is
provided worldwide, 24 hours
a day, subject to any terms and
conditions noted on your Policy
Product Disclosure Statement Your policy | 39
Your policy
Claims
Notifcation of claim
Asgard must be notifed within
30 days or as soon as practically
possible of any event which is likely
to give rise to a claim. If it can be
shown that it was not possible to
meet the time requirement for
notifcation of the claim, then it
must be provided as soon as is
reasonably possible.
Once notifed, Asgard will provide
the relevant forms to be completed
and will notify TOWER in writing
of the potential claim.
The claim form must be fully completed
and returned to Asgard within 30 days
of the event, together with such other
information and documentation that
we may require in order to consider
the claim.
Guaranteed renewable
As long as you have complied with
the duty of disclosure and have paid
premiums when due, TOWER cannot
cancel your cover and agrees to offer
renewal of the cover each year until
the expiry date of the cover selected.
This guarantee applies regardless of
any change in your health or personal
circumstances.
Premiums can be altered, but TOWER
wont single out any individual for a
premium re-rating.
Indexation (not applicable to
Critical Trauma Protection)
To help ensure the level of your
insurance cover is not devalued by
infation, it will be automatically
indexed each year by a minimum of 3%
or the indexation factor, whichever is
greater. Your premiums will increase
accordingly.
The increase will be calculated on the
date of insurance. You can decline
an increase at any time by writing to
Asgard and requesting that indexation
not be applied to your insurance cover
for that particular year. This will not
preclude you from future indexation
of cover. Your cover will not be indexed
if you are claiming a beneft from
the cover.
The maximum sums insured attainable
by application of indexation are:
Life Protection no maximum
TPD $3,000,000
Trauma Protection $2,500,000
Income Protection/Salary
Continuance
$25,000
Guarantee of upgrade
Future versions of the Asgard
personal protection products may be
introduced. If this happens, your cover
will be automatically upgraded to
the new contract within a reasonable
time frame, but only if you will not
be disadvantaged by any terms and
conditions of the new policy.
24 hour worldwide cover
Your insurance cover is provided
worldwide, 24 hours a day, subject to
any terms and conditions noted on
your Policy Information Statement. We
may require you to return to Australia
at your own expense for assessment in
the case of a TPD, Income, Trauma or
Critical Trauma claim.
40 | Product Disclosure Statement Your policy
You must notify us if you intend
to reside permanently overseas as
it may impact on your ability to
retain cover. If you fail to notify us,
this cover will cease.
Large cover discount
Where the monthly beneft is $5,000 or
greater for Income Protection, Salary
Continuance or Business Expenses
Protection, the rate is reduced by 5%.
Where the sum insured is $500,000
or greater for Life Protection, TPD,
Trauma Protection or Critical Trauma
Protection, the rate is reduced by 10%.
28-day cooling-off period
If youre not completely satisfed
with your cover, you may cancel it
by notifying us in writing within 28
days of the issue date of your Policy
Information Statement. Youll receive
a refund of the amounts you have paid,
unless youve made a claim before the
end of those 28 days.
For superannuation products,
the refund of premiums deducted
from your super account may be
subject to the preservation rules of
superannuation law. If this is the case,
the refunded premiums cannot be paid
to you in cash and will be paid back
into your super account.
Interim cover
Subject to the cover you have applied
for, Interim cover provides you with
cover if you die, become totally or
partially disabled, or suffer a medical
condition as a result of an accidental
injury, whilst your application is being
processed. No further benefts will be
payable once an Interim cover beneft
is paid.
Life Protection
If you applied for Life Protection, well
pay a beneft if you die within 90 days
of the accident, unless an exclusion
applies. The amount of the beneft
payable is the lesser of $1,000,000
($500,000 for cover taken out through
an Asgard Super Account) and the
amount of Death Beneft applied for.
TPD Protection (non-
superannuation only)
If you applied for TPD Protection, we
may pay a beneft if you become totally
and permanently disabled as a result
of an accidental injury. The amount
of the beneft payable is the lesser
of $500,000 and the amount of TPD
beneft applied for.
Trauma Protection
If you applied for Trauma Protection,
we may pay a beneft if you survive
for 14 days after you suffer one of the
following medical conditions as a result
of an accidental injury:
Blindness
Loss of limbs or sight
Major head trauma
Paralysis:
Diplegia
Hemiplegia
Paraplegia
Quadriplegia
Tetraplegia
Severe burns.
These medical conditions have the
meanings as described in the glossary
on pages 43 to 49 but must be the
result of an accidental injury. The
amount of the beneft payable is the
lesser of $250,000 and the amount of
Trauma Beneft you applied for.
If you applied for Critical Trauma
Protection, we may pay a beneft if
you die within 60 days of the accident.
The amount of the beneft payable
is the lesser of $200,000 and the
amount of Critical Trauma Beneft you
applied for.
If you applied for Income Protection/
Salary Continuance, we may pay a
beneft if, as a result of an accidental
injury, you become totally or partially
disabled for longer than the waiting
period. Totally and partially disabled
have the meanings as described in
the glossary on page 44, but must
be the result of an accidental injury.
The amount of the beneft payable is
the lesser of $10,000 per month and
the amount of monthly beneft you
applied for.
When does cover start?

Cover for the Interim Accident Beneft
begins when Asgard receives payment
of the initial premium and:
your completed application; or
your application for an increase in
your sum insured.
When does cover end?
Cover for the Interim Accident Beneft
ceases to have effect when the frst of
the following occurs:
90 days after Asgard receives your
application;
the date your cover is accepted
by us;
the date you accept any special
terms in writing;
the date increased cover comes
into force;
cover is cancelled due
to misrepresentation or
non-disclosure;
the date we decline your
application;
the date of cancellation or
withdrawal of your application; or
the master policy is terminated.
Exclusions
A beneft will not be paid if death is
caused directly or indirectly by:
suicide or any attempt at suicide;
self-inficted injury or infection;
the taking of alcohol or drugs
other than prescribed by a medical
practitioner;
a physical condition which you
knew about before this cover
commenced;
engaging in any pursuit or
occupation that we would not
normally cover on standard terms;
participation in criminal activity; or
an act of war (whether declared
or not).
Product Disclosure Statement Privacy statement | 41

Privacy
statement
TOWER and Asgard value your
right to privacy. This statement
explains why TOWER and Asgard
collect your personal information
and how TOWER and Asgard may
use or disclose that information.
Collecting personal information
TOWER and Asgard collect
information about you to provide
products and services to you. In some
situations, TOWER and Asgard may
collect your personal information from
a third party such as your fnancial
adviser, insurance representative,
medical practitioner or health
professional, accountant or employer.
TOWER and Asgard will only do so
with your consent.
Unless required by law (information
relating to applicable laws will
generally be contained in our
application or the explanatory
material accompanying applications),
you need not supply any of the
personal information requested in the
application or any other document or
communication relating to the Asgard
Personal Protection Package. However,
without this information, TOWER and
Asgard may not be able to process the
application or provide you with an
appropriate level of service.
Using personal information
TOWER and Asgard use your personal
information to manage and administer
all products and services provided
to you to facilitate internal business
operations including confdential
systems testing and maintenance
and to meet regulatory and legal
requirements. In addition:
TOWER uses your personal
information to assess and process
your application for insurance,
process and investigate claims
made against your insurance and
provide you with information about
other products or services that may
be of interest or beneft to you; and
Asgard may use your personal
information or give access to
personal information about you
to members of the Asgard Wealth
Solutions Group to:
analyse products and customer
needs and develop new products;
and
provide you with information on
products and services provided
by any member of the Asgard
Wealth Solutions Group or
other suppliers which may be of
interest or beneft to you.
42 | Product Disclosure Statement Privacy statement

Disclosing information
Depending on the type of product or
service provided to you, TOWER and
Asgard may need to disclose your
personal information to certain third
parties. If so, TOWER and Asgard will
require those parties to protect your
personal information in the same way
TOWER and Asgard do. For example,
TOWER and Asgard may disclose your
personal information on a confdential
basis to:
external service providers
that provide fnancial, legal,
administrative or other services
in connection with operating
TOWER and Asgards businesses
(for example, auditors, compliance
consultants or mailing/archiving
services for document mailing
services and secure storage);
government agencies (as part
of our regulatory or statutory
obligations); or
where TOWER and Asgard collect
your information from someone
else or another entity (such as a
fnancial adviser or employer), to
that person or entity. This may be
provided by means of an electronic
facility or service provided by
Asgard or an external service
provider, such as AdviserNET,
or third party fnancial planning
software.
In addition, TOWER may need to
disclose your personal information to:
medical practitioners or health
professionals for the purpose of
assessing your application or claim;
reinsurers and claims
investigators; or
your fund manager and your
insurance representative.
In addition, Asgard may need to
disclose your personal information to:
its agents, contractors or third party
service providers. For example,
your personal information may be
provided to your fnancial adviser
or broker, their offcers and licensed
dealers, investment managers of
the products you select, fnancial
institutions nominated by you or to
the trustee of any superannuation
fund from or to which you wish
to transfer.
Your health or medical information

will be disclosed where necessary only
to service providers or authorised
personnel who are directly involved in
the assessment or administration of
your application or insurance claim.
Your personal information will not be
used or disclosed for any other purpose
without your consent, except where
required by law.
Completing the application
By completing and signing the
application, you consent to and
authorise TOWER and Asgard to
collect, maintain, use, disclose and
handle the personal information
provided in the application and in all
future communications in the manner
set out in this privacy statement.
Accessing information
You can ask TOWER and Asgard for
access to the personal information held
by TOWER and Asgard about you. You
may ask TOWER and Asgard at any
time to correct this information where
you believe it is incorrect or out of date.
There will be no fee for requesting
access to your information, however
TOWER and Asgard may each charge
you their reasonable costs of processing
your request.
To access personal information
TOWER holds about you, or to obtain
more information about your rights or
TOWERs privacy policy, please contact:
TOWER Australia Life Limited
80 Alfred Street
Milsons Point NSW 2061
Telephone (02) 9448 9000
To access personal information Asgard
holds about you, or to obtain more
information about your rights or
Asgards privacy policy, please contact:
Contact Centre
Level 38, 152 St Georges Terrace
Perth WA 6000
Telephone 1800 998 185
Facsimile (08) 9481 4834
Product Disclosure Statement Glossary | 43
Glossary
General terms
Activities of daily living
Dressing the ability to put on and
take off clothing without assistance.
Bathing the ability to wash or
shower without assistance.
Toileting the ability to use the
toilet, including getting on and off
without assistance.
Mobility the ability to get
in and out of bed and a chair
without assistance.
Feeding the ability to get food
from a plate into the mouth
without assistance.
where assistance means the
assistance of another person.
Approved rehabilitation program

A program certifed by your Medical
Practitioner to be necessary for your
rehabilitation which is approved by us,
but excluding any program providing
hospital treatment or ancillary
health services within the meaning
of the National Health Act 1953, or
any other program which might cause
this policy to cease to be exempt from
the National Health Act 1973 or any
succeeding Federal Act in connection
with health insurance.
Beneft period
The maximum period of time for which
a monthly beneft will be paid for any
one sickness or any one injury whilst
you are totally or partially disabled.
Business expenses monthly beneft
The maximum total of your covered
monthly business expenses that
we have to reimburse to you, and
is the amount shown in your Policy
Disability or disabled
Means Totally or Partially disabled.
Home care needs
Includes cooking, cleaning, shopping,
banking and similar needs, but does
not include the provision of nursing or
similar services.
Immediate family member
Your spouse or de facto spouse, parent
or parent-in-law, child or sibling who is
aged at least 18 years.
Indexation factor
The most recent change in the
Consumer Price Index (all groups
Eight Capital Cities combined)
published by the Australian Bureau of
Statistics. If no Consumer Price Index
is published, well use another index
that we consider appropriate.
Injury
A physical injury to the body arising
from the life insureds involvement in
an accident, occurring while your cover
is in force.
44 | Product Disclosure Statement Glossary
Medical practitioner
A legally qualifed medical practitioner
other than you, an immediate family
member or business partner. The
medical practitioner must be registered
in Australia or have qualifcations
equivalent to Australian standards.
Monthly beneft
Under the Income Protection and
Salary Continuance benefts means
the monthly beneft. The amount we
pay you is determined by which option
you have chosen (agreed value or
indemnity) at time of application.
If youve chosen agreed value as
specifed in the Policy Information
Statement, the amount we will pay
is the Monthly beneft shown in
your Policy Information Statement,
inclusive of any indexation increases,
and less any Beneft Reductions if
applicable.
If youve chosen indemnity as specifed
in the Policy Information Statement,
the initial beneft we pay is the lesser
of the following amounts:
the Monthly beneft shown in the
Policy Information Statement,
inclusive of increases by the
Indexation Factor; or
75% of the pre-disability income
earned by the life insured in the
twelve months immediately prior
to the Sickness or Injury occurring,
less any Beneft Reductions
if applicable.
Calculation of benefts payable at
time of claim will be based on 1/365th
of the annual beneft to arrive at a
daily beneft.
Monthly income
If youre self employed, a working
director or partner in a partnership,
this is the income generated by the
business or practice directly due to
your personal exertion or activities,
less your share of necessarily incurred
business expenses. If youre not self
employed, a working director or
partner in a partnership, this is the
total value of remuneration paid by
your employer including salary, fees,
commission, bonuses, regular overtime
and fringe benefts. While youre
disabled, monthly income will include
any income that, in our opinion, you
could reasonably be expected to earn in
your own occupation.
Non-smoker
A person who has not smoked any
tobacco or any other substance in the
preceding twelve month period.
Own occupation
This is the occupation in which the
life insured was working immediately
prior to the sickness or injury causing
disability, unless the life insured;
was working in that occupation for
less than 10 hours a week; or
was unemployed or on sabbatical,
long service, maternity or paternity
leave for more than 12 months,
in which case, Own Occupation will
be any occupation for which the life
insured is suited by education, training
or experience.
If the life insured had been working in
more than one occupation that meets
these criteria, Own Occupation will
include all of those occupations.
Partial disability
Due to sickness or injury:
(i) you are only able to work in your
own occupation in a reduced
capacity, or you are working in
another occupation;
(ii) your monthly income is less than
your pre-disability income; and
(iii) you are following the advice of a
medical practitioner.
The amount of the partial disability for
equals:
A B
x monthly beneft
A
where
A = your pre-disability income
B = your monthly income for the month
in which disability is claimed.
Pre-disability income
The larger of the following amounts:
the highest average of your monthly
income in any consecutive twelve
month period in the three years
immediately before the most recent
period of disability; and
the average monthly income you
received during the twelve months
before you applied for cover under
this policy.
If work is not available to the Life
Insured because of their Sickness or
Injury, but they are able to perform
an important income producing duty

of their regular occupation to earn
income, we will make a reasonable
estimate of the Life Insureds Monthly
Income when we calculate the beneft.
If you continue to receive benefts for
more than twelve months, this fgure
will be increased by the indexation
factor every twelve months on the
anniversary of the date that benefts
commenced. If there is an indexed
increase, the most recent indexed
amount will be the minimum pre-
disability Income for future claims.
Premium
Specifed in the Policy Information
Statement and includes the premiums
for the benefts attached to this Policy,
the administration fee, any frequency
and government charges.
Policy Information Statement
A statement containing the individual
details of your insurance cover.
Sickness
An illness or disease that becomes
apparent while your cover is in force.
Special terms
A contractual term that may be
imposed in relation to your cover which
may include any restriction on the
cover, exclusion, or rates of premium
imposed according to underwriting
practices.
Sum insured
The amount as shown in your Policy
Total disability
Due to sickness or injury, you are:
(i) unable to perform at least one
important income producing duty
of your regular occupation;
(ii) not currently working in any
gainful occupation; and
(iii) under the care and following the
advice of a medical practitioner.
Waiting period
The period that you have to be disabled
before you qualify for a beneft. The
waiting period begins on the date:
that you frst consult a medical
practitioner about the condition
causing the total disability; or

when you frst cease work due
to the condition causing the
total disability, as long as it is
not more than seven days before
you frst consulted a medical
practitioner about that condition
and you provide reasonable medical
evidence about when the total
disability began.
Medical terms Trauma
Protection/Income Protection
Alzheimers Disease
The diagnosis of Alzheimers disease
by a consultant neurologist confrming
dementia due to failure of the brain
function with signifcant cognitive
impairment for which no other
recognisable cause has been identifed.
Signifcant cognitive impairment is
defned as deterioration or loss of
intellectual capacity as measured by
clinical evidence and standardised
testing, and which results in a
requirement for continual supervision
to protect you or others.
Angioplasty
The undergoing for the frst time of
angioplasty, atherectomy, laser therapy
or insertion of a stent to the coronary
arteries that is considered necessary
by a cardiologist to treat coronary
artery disease. Other intra arterial
procedures or non-surgical techniques
are specifcally excluded.
Aorta surgery
The actual undergoing of surgery
for a disease of the aorta needing
excision and surgical replacement of
the diseased aorta with a graft. For the
purpose of this defnition, aorta means
the thoracic and abdominal aorta but
not its branches. Traumatic injury of
the aorta is excluded.
Aplastic anaemia
Bone marrow failure that results
in anaemia, neutropenia and
thrombocytopenia requiring treatment,
with at least one of the following:
blood product transfusions;
marrow stimulating agents;
immunosuppressive agents; or
bone marrow transplantation.
Benign brain tumour

Means a non-cancerous tumour in the
brain which gives rise to characteristic
symptoms of intracranial pressure such
as papilloedema, mental symptoms,
seizures and sensory impairment,
resulting in at least a permanent 25%
impairment of Whole Person Function
or the life insured being totally and
permanently unable to perform any
one of the Activities of Daily Living.
The presence of the underlying tumour
must be confrmed by CT scan, MRI or
other imaging studies.
Blindness
The permanent loss of sight in both
eyes due to sickness or injury to the
extent of 6/60 or less, or to the extent
that the visual feld is reduced to 20
degrees or less.
Cancer
Any malignant tumour characterised
by the uncontrolled growth and
spread of the malignant cells that
requires treatment by surgery,
radiotherapy, chemotherapy, biological
response modifers, or any other
major interventionist treatment and
includes cancers that are completely
untreatable.
The following are included:
leukaemia;
Hodgkins disease;
malignant lymphoma;
malignant bone marrow disorders;
melanomas; and
carcinomas in situ.
Note that for:
melanoma where the Breslow
thickness is up to 1.5mm or is less
than Clark level 3; and
carcinoma in situ
payment is restricted to 10% of
the sum insured up to a maximum
$25,000. The trauma sum insured is
reduced by the amount of any payment
made for these conditions. A beneft
is payable once only for each of these
conditions.
Carcinoma in situ
Means a carcinoma characteristed
by a focal autonomous new growth
of carcinoma cells, which has not yet
resulted in the invasion of normal
tissues. Invasion means an infltration
and/or active destruction of normal
tissue beyond basement membrane.
Only Carcinoma in situ of the following

sites is covered:
Cervix uteri the tumour must
be classifed as Tis according to
the TNM staging method FIGO
stage 0 (excluded are Cervical
Intraepithelial Neoplasia (CIN)
classifcation including CIN 1, CIN
2 and CIN3.
Fallopian Tube the tumour must
be limited to the tubal mucosa
and classifed as Tis according to
the TNM staging method or FIGO
Stage 0.
Vagina the tumour must be
classifed as Tis according to the
TNM staging method or FIGO
Stage 0.
Vulva the tumour must be
Stage 0.
Breast the tumour must be
Stage 0.
Prostate the tumour is
confned within the prostate and
histologically described as T1
according to the TNM staging
method or a Gleason Score of either
2, 3, 4 or 5.
Cardiomyopathy
Condition of impaired ventricular
function of variable aetiology (often not
determined) resulting in signifcant
physical impairment, that is, Class 3
on the New York Heart Association
Classifcation of cardiac impairment.
Chronic kidney failure
The terminal stage of renal disease
requiring permanent renal dialysis.
Chronic liver disease
Permanent liver failure, together
with permanent jaundice, ascites and
encephalopathy. Disease related to
alcohol abuse or intravenous drug use
is excluded.
Chronic lung disease
Permanent respiratory failure, with
FEV1 test results of consistently less
than 1 litre, requiring permanent
oxygen therapy.

Coma
A state of unconsciousness with no
reaction to external stimuli or internal
needs, persisting continuously with the
use of life support systems for at least
four consecutive days and resulting
in a neurological defcit which is of a
permanent nature.
Coronary artery bypass surgery
The actual undergoing of bypass
surgery (including saphenous vein
or internal mammary graft/s) for the
treatment of coronary artery disease.
Any other operations are specifcally
excluded from this defnition.
Dementia
The clinical confrmation of dementia
(including Alzheimers Disease) due to
failing brain functions, resulting in the
need for continual assistance in the
Activities of Daily Living, as confrmed
by a medical practitioner specialising
in neurology, psychogeriatrics,
psychiatry or geriatrics. Dementia
directly related to alcohol abuse
is excluded.
Encephalitis
Severe infammation of brain
substance which results in signifcant,
permanent neurological sequelae.
Encephalitis occurring in patients with
HIV infection is excluded.
Heart attack
The death of part of the heart muscle
(myocardium) as a result of inadequate
blood supply. The diagnosis is based
on clinical electrocardiogram (ECG)
and biochemical assessments with the
following criteria being present:
an electrocardiogram showing
changes resulting from this
occurrences; and
a pathology test that confrms that
cardiac enzymes have been elevated
above generally accepted laboratory
levels of normal.
Simple angina pectoris is excluded.
Heart valve surgery
The undergoing of open heart surgery
to replace or repair heart valves as a
consequence of heart valve defects or
abnormalities.
Loss of hearing
The complete and irrecoverable loss
of hearing, both natural and assisted,
from both ears as a result of sickness
or injury, as certifed by an appropriate
medical specialist.
Loss of independent existence
As a result of a disease, sickness
or injury, there is a permanent and
irreversible inability to perform
any two of the Activities of Daily
Living without assistance. Loss of
independent existence due to alcohol,
drug abuse or AIDS is excluded.
As a direct result of injury, you
have sustained the complete and
irrecoverable loss of use of:
both hands;
both feet;
one hand and one foot;
blindness in both eyes whether
aided or unaided;
one foot and blindness in one eye,
whether aided or unaided; or
one hand and blindness in one eye,
whether aided or unaided.
Loss of speech
of the ability to speak (both natural
and assisted), as a result of sickness
or injury which must be established,
and the diagnosis reaffrmed, after a
continuous period of three months of
such loss.
Major head trauma
Injury to the head causing neurological
defcit resulting in functional
impairment of at least 25% as certifed
by a consultant neurologist.
The human to human organ transplant
from a donor to you of one or more of
the following organs:
kidney
lung
pancreas
heart
liver
the transplantation of bone marrow.
The transplantation of all other organs
or parts of organs or any other tissue
transplant is excluded.
Medically acquired HIV

Accidental infection with Human
Immunodefciency Virus (HIV) which
the Insurer believes, on the balance
of probabilities, arose from one of
the following medically necessary
events, which must have occurred
to the life insured in Australia and
was performed by a recognised and
registered health professional:
a blood transfusion;
transfusion with blood products;
organ transplant to the life insured;
assisted reproduction techniques; or
a procedure or operation performed
by a medical/paramedical
practitioner or dentist.
Meningitis
The unequivocal diagnosis of
meningitis where the condition is
characterised by severe infammation
of the brain, or the meninges of
the brain resulting in permanent
neurological defcit causing at least a
permanent 25% impairment of Whole
Person Function, or the life insured
being totally and permanently unable
to perform any one the Activities of
Daily Living.
Meningococcal Disease
meningococcal septicaemia resulting in
at least a permanent 25% impairment
of Whole Person Function, or the life
insured being totally and permanently
unable to perform any one of the
Activities of Daily Living.
Motor neurone disease
Motor Neurone Disease diagnosed
by a consultant neurologist, with
persistent neurological defcit resulting
in the permanent loss of 25% of whole
body function.
Multiple Sclerosis
The unequivocal diagnosis of Multiple
Sclerosis by a consultant neurologist.
There must be more than one episode
of well-defned neurological defcit with
persisting neurological abnormalities
resulting in a permanent loss of at
least 25% whole body function.
Muscular Dystrophy
Muscular Dystrophy resulting in a
permanent 25% impairment of whole
body function.

Occupationally acquired HIV
Infection with Human
Immunodefciency Virus (HIV) where
it was acquired as a result of an
accident occurring during the currency
of their cover under this policy. The
accident must occur during the course
of carrying out normal occupational
duties, with sero-conversion indicating
HIV infection occurring within six
months of the accident. Infection in any
other manner, including sexual activity
or recreational intravenous drug use, is
specifcally excluded.
An HIV antibody test must be taken
within seven days after the accident
and reported within 30 days and
produce negative results. Access to all
blood samples taken is required for
independent test, with the right to take
additional samples as necessary.
The beneft will not apply if:
before the injury, the Australian
government has recommended
an HIV vaccine for use in the
occupation of the insured, but the
insured has not taken this vaccine;
or
the Australian government has
approved a treatment that renders
the HIV virus inactive and non-
infectious to others.
Open heart surgery
Open heart surgery for treatment of
cardiac defect(s), cardiac aneurism or
benign cardiac tumour(s).
Out of hospital cardiac arrest
Cardiac arrest which is not associated
with any medical procedure and is
documented by an electrocardiogram,
occurs out of hospital and is due to:
cardiac asystole; or
ventricular fbrillation with or
without ventricular tachycardia.
Paralysis
Diplegia
The total loss of function of both
sides of the body due to sickness or
injury where such loss of function
is permanent.
Hemiplegia
The total loss of function of one
side of the body due to sickness or
injury, where such loss of function
is permanent.
Paraplegia
The permanent loss of use of both legs,
or both arms, resulting from spinal
cord sickness or injury.
Quadriplegia
The permanent loss of use of both legs
and both arms, resulting form spinal
cord sickness or injury.
Tetraplegia
The total and permanent loss of use
of both arms and both legs, together
with loss of head movement, due to
brain sickness or injury, or spinal cord
sickness or injury.
Parkinsons disease
Parkinsons Disease by a consultant
neurologist where:
you are following the advice
and treatment of a specialist
neurologist; and
the condition shows signs of
progressive impairment and results
in the loss of 25% whole body
impairment.
Pneumonectomy
The undergoing of surgery to remove
an entire lung. This treatment must
be deemed the most appropriate
treatment and medically necessary.
Primary motor neurone disease
Amyotrophic lateral sclerosis with
signifcant persistent neurological
defcit resulting in at least a
permanent 25% impairment of
function all unequivocally diagnosed
by a Medical Practitioner who is a
consultant neurologist.
Primary Pulmonary Hypertension
associated with right ventricular
enlargement established by cardiac
catheterisation resulting in signifcant
permanent physical impairment to the
degree of at least Class 3 of the New
York Heart Association classifcation of
cardiac impairment.
Severe burns
Tissue injury caused by thermal,
electrical or chemical agents causing
third degree burns to at least:
20% or more of the body surface
area as measured by The Rule of
9 of the Lund & Browder Body
Surface Chart;
both hands, requiring surgical
debridement and/or grafting; or
the face, requiring surgical
debridement and/or grafting.
Stroke
A cerebrovascular accident or incident
producing neurological sequelae. This
includes infarction of brain tissue,
intracranial and/or subarachnoid
haemorrhage, or embolisation from
an extracranial source. Transient
ischaemic attacks, reversible ischaemic
neurological defcit and cerebral
symptoms due to migraine are
excluded.
Triple Vessel Angioplasty means the
actual undergoing for the frst time of
coronary artery Angioplasty to correct
a narrowing or blockage of three or
more coronary arteries within the
same procedure.
Whole Person Function means the
Insured Person suffers 25% Whole
Person Impairment based on the
latest edition of the American Medical
Association publication Guides to the
Evaluation of Permanent Impairment,
or an equivalent guide approved by
us. The Guides to the Evaluation
of Permanent Impairment covers
every body system and provides a
standardised approach to determine
impairment assessment using patient
history, physical examination and
clinical tests.
The assessment of Whole Person
Function will be undertaken by the
appropriate certifed specialist based
on the Insured Person attaining
maximum medical recovery.

Medical terms Critical
Trauma Protection
Alzheimers disease
The diagnosis of Alzheimers disease
by a consultant neurologist confrming
dementia due to failure of the brain
function with signifcant cognitive
impairment for which no other
recognisable cause has been identifed.
Signifcant cognitive impairment is
defned as deterioration or loss of
intellectual capacity as measured by
clinical evidence and standardised
testing, and which results in a
requirement for continual supervision
to protect you or others.
Aplastic anaemia
Bone marrow failure that results
in anaemia, neutropenia and
thrombocytopenia requiring treatment,
with at least one of the following:
blood product transfusions;
marrow stimulating agents;
immunosuppressive agents; or
bone marrow transplantation.
Benign brain tumour
A life threatening non-cancerous
tumour in the brain which gives rise to
characteristic symptoms of intracranial
pressure such as papilledema, mental
seizures and sensory impairment
resulting in at least 25% permanent
impairment of whole person function.
The presence of the underlying tumour
must be confrmed by imaging studies
such as CT scan or MRI (Magnetic
Resonance Imaging). Excluded are
acoustic neuromas, cysts, granulomas
and malformations in or of the arteries
or veins of the brain, haematomas
and tumours on the pituitary gland
or spine.
Cancer
The frst diagnosis of one or more
malignant invasive tumours, including
leukaemia and myeloma but excluding
other myeloproliferative disorders. The
following tumours are excluded:
Tumours showing the changes
of carcinoma in situ (including
cervical dysplasia, CIN1, CIN2 and
CIN3) without stromal invasion.
Malignant melanomas Clark Level
1 or 2 depth of invasion which
are less than 1.5mm in thickness,
as determined by histological
examination.
All hyperkeratoses or basal cell
carcinomas of the skin.
All squamous cell carcinomas of

the skin unless they have spread to
other organs.
Prostatic cancers which are
histologically described as TNM
Classifcations T1 (including T1a,
T1b and T1c) or are of another
equivalent or lesser classifcation.
Chronic lymphocytic leukaemia
Binet Stages A and B or Rai Stages
0, I and II.
Localised cancer
Cancer (as defned above) which when
frst diagnosed and made the subject of
a claim under this policy is contained
within the organ or structure of origin
(the part of the body in which the
cancer began), irrespective of its size,
grade or any other histological feature
such as vascular invasion and has not
spread to other parts of the body either
nearby or distant.
Regional or distant cancer
The tumour has spread outside the
part of the body (or organ) where it
began, either to adjacent or nearby
structures (regional spread) or distant
organs (metastases). Verifcation of
occurrence or recurrence of disease
outside the tissue of origin (regional
lymph notes or distant spread)
would normally require histological
confrmation as for the diagnosis of
the primary tumour. However, under
certain circumstances, information
based only on clinical fnding,
imaging or laboratory tests may be
acceptable if agreed by TOWERs Chief
Medical Offcer.
Cardiomyopathy
The impaired ventricular function
of variable aetiology, resulting in
physical impairments to the degree of
at least class 3 of the New York Heart
Association Classifcation of cardiac
impairment. Cardiomyopathy directly
related to alcohol abuse is excluded.
Cerebrovascular accident (stroke)
Any cerebrovascular incident
producing neurological sequelae,
including infarction of brain tissue,
intracranial or subarachnoid
haemorrhage, embolisation from an
extracranial source, but excluding
transient ischaemic attacks,
migraine and reversible ischaemic
neurological defcits.
Chronic liver failure

End stage liver failure. The diagnosis
must be based on the following criteria:
a rapidly decreasing liver size;
necrosis involving entire lobules;
rapid degeneration of liver function
tests;
deepening jaundice; or
liver disease secondary to alcohol
usage or intravenous drug use
is excluded.
Chronic lung failure
End stage lung disease requiring
permanent oxygen therapy. The
diagnosis will include an FEV1 test
result of less than one litre.
Chronic renal failure (kidney failure)
End stage renal failure presenting
as chronic irreversible failure of
both kidneys to function, as a result
of which regular renal dialysis
is instituted.
Coma
Total failure of cerebral function
characterised by total unarousable
unresponsiveness to all external
stimuli, persisting continuously with
the use of a life support system for a
period of at least four days.
Coma directly related to alcohol abuse
is excluded.
Dementia
The clinical confrmation of dementia
(including Alzheimers Disease) due to
failing brain functions, resulting in the
need for continual assistance in the
activities of daily living, as confrmed
by a medical practitioner specialising
in neurology, psychogeriatrics,
psychiatry or geriatrics. Dementia
directly related to alcohol abuse
is excluded.
Encephalitis
Severe infammation of brain
substance, which results in signifcant
and permanent neurological sequelae
as certifed by a consultant neurologist.
Localised cancer
See Cancer.
Loss of independent existence
A condition as a result of a disease,
sickness or injury whereby you are
totally and irreversibly unable to
perform at least two of the activities of
daily living.

Loss of speech
The total and permanent loss of the
ability to produce intelligible speech
as a result of permanent damage to
the larynx or its nerve supply, or to the
speech centres of the brain whether
caused by injury, tumour or sickness.
The above must be certifed by two
appropriate medical specialists not less
than ninety days after the ability to
speak was frst lost.
Major abdominal aortic surgery
Means the actual undergoing
of surgery via a thoracotomy or
laparotomy to repair or correct an
aortic aneurysm, an obstruction of the
aorta or a coarctation of the aorta. For
the purpose of this defnition, aorta
shall mean the thoracic and abdominal
aorta but not its branches. Surgery
performed using catheter techniques
only are specifcally excluded.
Major head trauma
Neurological defcit resulting from
trauma, causing at least 25%
impairment of whole person function
lasting more than three weeks from
the date of the trauma, and likely to
persist, as certifed by a consultant
neurologist.
The transplant to the Life Insured of
one or more of the following organs:
kidney
heart
lung
liver
pancreas
bone marrow.
Motor neurone disease
Amyotrophic lateral sclerosis with
signifcant persistent neurological
defcit resulting in at least 25%
permanent impairment of whole
person function as certifed by a
consultant neurologist.
Multiple Sclerosis
Demyelination of nervous tissue.
The diagnosis has to be made by a
consultant neurologist confrming
more than one episode of well
defned neurological defcit with
persisting permanent neurological
abnormalities and with at least 25%
impairment of whole person function
(but not necessarily confned to a
wheelchair). The diagnosis will be
based on confrmatory neurological
investigations, for example, lumbar

puncture, evoked visual responses,
evoked auditory responses and
NMR (Nuclear Magnetic Resonance)
evidence of lesions of the central
nervous system.
Muscular Dystrophy
The unequivocal diagnosis of muscular
dystrophy by a consultant neurologist
resulting in a permanent impairment
of whole body function of at least 25%.
Myocardial infarction (heart attack)
The occurrence of an acute myocardial
infarction (that is the death of a
portion of the heart muscle due to
inadequate blood supply) as evidence
by new electrocardiograph changes
associated with myocardial infarction
and by the elevation of biochemical
markers (such as Troponin or cardiac
enzymes) of myocardial necrosis.
Lesser acute coronary syndromes
including unstable angina and acute
coronary insuffciency are excluded as
part of this defnition.
Occupationally acquired HIV
Infection by the Human
Immunodefciency Virus (HIV),
acquired only via blood transfusion or
accidental means during the course of
carrying out the Life Insureds normal
occupation with sero-conversion to HIV
infection occurring within six months
of the accident. Any accident giving rise
to a potential claim must be reported
within thirty days of the incident
and be supported by a negative HIV
antibody test within seven days of the
incident. Transmission via any form of
sexual activity or deliberate injection
of a drug not prescribed by a medical
practitioner is specifcally excluded.
Open chest surgery
In respect of any of the following:
Coronary artery being open chest
surgery to correct or treat coronary
artery disease (Angioplasty, intra-
arterial procedures and other non-
surgical techniques are excluded).
Repair or replacement of valves
being open chest surgery to
replace or repair cardiac valves as a
consequence of heart valve defects
or abnormalities.
Paralysis
Diplegia
The permanent and total loss of
function of both sides of the body due
to injury or disease.
Hemiplegia
The permanent and total loss of
function of one side of the body due to
injury or disease.
Paraplegia
The permanent and total loss of use
of both legs resulting from injury
or disease.
Quadriplegia
The permanent and total loss of use of
both arms and both legs resulting from
injury or disease.
Tetraplegia
The total and permanent loss of use
of both arms and legs resulting from
injury or disease, together with loss of
head movement.
Parkinsons disease
The fully developed, moderately
disabling disease of the extrapyramidal
system clinically confrmed by a
consultant neurologist, and requiring
continual assistance in the activities
of daily living. Idiopathic Parkinsons
supranuclear palsy and cortico-basal
degeneration are included. Iatrogenic
Parkinsonism and Parkinsonism
secondary to infection or trauma
are excluded.
with right ventricular enlargement
established by investigations including
cardiac catheterisation.
Regional or distant cancer
See Cancer.
Severe burns
The tissue injury caused by thermal,
electrical or chemical agents causing
third degree burns to 20% or more of
the Body Surface Area as measured by
the rule of 9 of the Lund and Browder
Body Surface Chart.
Total blindness
of sight in both eyes as currently
defned by the Royal Blind Society and
confrmed by an ophthalmologist.
Total deafness
The total, irreversible and irreparable
loss of hearing both natural and
assisted, in both ears as a result of
disease, illness or injury.
As an Organisational Development Consultant in
our Strategic People Management team, Tony is
one of our many support staff working to ensure
that we give you the very best of service.
Product Disclosure Statement Direct debit request service agreement | 51
Direct debit
request service
agreement
Asgard Capital Management Ltd
ABN 92 009 279 592 (we or us)
User ID: 016103
Level 38, Central Park,
152 St Georges Terrace,
Perth WA 6000.
You have entered or are about to
enter into an arrangement under
which you make payments to us. You
want to make those payments by use
of the Direct Debit System (DDS).
This agreement sets out the terms
on which we accept and act under a
Direct Debit Request (DDR) you give
us to debit amounts from your account
under the DDS. It is additional to the
arrangement under which you make
payments to us. Please ensure you
keep a copy of this agreement as it sets
out certain rights you have against us
and certain obligations you have to us
due to giving us your DDR.
When we are bound by
this agreement
We agree to be bound by this
agreement when we receive your
DDR complete with the particulars
we need to draw an amount
under it.
What we agree to and
what we can do
We only draw money out of your
account in accordance with the
terms of your DDR.
We do not give you a statement
of the amounts we draw under
your DDR.
On giving you at least 14 days
notice, we may: change our
procedures in this agreement;
change the terms of your DDR; or
cancel your DDR.
1.
2.
3.
4.
You may ask us to:
alter the terms of the DDR;
defer a payment to be made
under your DDR;
stop a drawing under your DDR;
cancel your DDR by emailing
asgard.investor.services@
asgardwealthsolutions.com.au; or
writing to the
Contact Centre,
PO Box 7490,
Perth WA 6850.
You can dispute any amount we
draw under your DDR by calling
Investor Services on 1800 998 185,
emailing asgard.investor.services@
asgardwealthsolutions.com.au or
writing to our Contact Centre, PO
Box 7490, Perth WA 6850.
5.
6.
52 | Product Disclosure Statement Direct debit request service agreement
We deal with any disputes under
clause 6 of this agreement as
follows. We and our bank review our
respective records. If necessary we
contact your fnancial institution
to review its records. We advise
you and your fnancial adviser
in writing within 2 to 4 weeks,
depending on the nature and extent
of the dispute, and the measures
taken to resolve it.
If the day on which you must
make any payments to us is not
a business day, we will draw on
your account under your DDR on
the frst business day following
that day.
If your fnancial institution rejects
any of our attempts to draw an
amount in accordance with your
DDR, we contact you and your
fnancial adviser in writing. After
3 consecutive rejections we advise
you and your fnancial adviser in
writing that you can longer make
payments by direct debit.
We will not disclose to any person
any information you give us on
your DDR, which is not generally
available, unless: you dispute
any amount we draw under your
DDR and we need to disclose any
information relating to your DDR
or to any amount we draw under
it to the fnancial institution at
which your account is held or the
fnancial institution which sponsors
our use of the DDR or both of them;
you consent to that disclosure; or
we are required to disclose that
information by law.
7.
8.
9.
10.
What you should consider
Not all accounts held with a
fnancial institution are available to
be drawn on under the DDR.
Before you complete your DDR,
it is best to check account details
against a recent statement from
your fnancial institution to ensure
the details on your DDR are
completed correctly.
If you are uncertain when your
fnancial institution processes an
amount we draw under your DDR
on a day, which is not a business
day, please enquire with your
fnancial institution.
It is your responsibility to ensure
there are suffcient cleared funds
available in your account, by the
due date on which we draw any
amount under your DDR, to enable
us to obtain payment in accordance
with your DDR.
We request you to direct all
requests to stop or cancel your
DDR to us or your fnancial
institution and all enquiries
relating to any dispute under
Clause 6 of this agreement to us
or your fnancial institution.
11.
12.
13.
14.
15.
Product Disclosure Statement Interim cover certifcate | 53
Interim cover
certifcate
This certifcate should be kept by the applicant.
Name of life insured
11111111111111111111111111111111111111
Name of applicant
11111111111111111111111111111111111111
Application date
11|11|1111
TOWER Australia Limited ABN
70 050 109 450 (or the insurer)
The Insurer provides an Interim
Accident Beneft (Cover) while they
are considering your application.
Cover is provided on the terms and
conditions set out in this Interim cover
certifcate and the Master Policy. You
dont have to pay an extra premium
for this cover. To the extent that they
are relevant, the conditions in the
Master Policy you applied for relating
to payment of a claim apply to your
cover. This cover does not apply to you
if the insurance youre applying for
is intended to replace insurance you
have with Asgard or a company in the
TOWER group.
1. Commencement of cover
Cover commences on the date your
fully completed application and
payment of the frst premium has been
received by Asgard. Cover is subject to
the cheque for your premium payment
being honoured by the relevant
fnancial institution.
2. Period of cover
Your cover will automatically end on
the earliest of the following dates:
90 days from the date this cover
commences;
the date the insurer accepts your
application on standard or special
terms or declines your application;
the date your application is
withdrawn; or
the date the insurer advises Asgard
that this cover is cancelled.
54 | Product Disclosure Statement Interim cover certifcate

3. Cover provided
The circumstances in which the
Insurer will pay a beneft under this
cover and the amount of the beneft
varies according to the benefts you
applied for in your application, as set
out in the following sections. A beneft
is payable only once under this cover.
4. Defnition of accidental injury
For the purposes of this cover,
accidental injury means bodily
injury caused solely and directly by
accidental, external and visible means,
independent of any other cause.
Life Protection
If you applied for Life Protection,
the Insurer will pay a beneft if the
Life Insured dies as a result of an
Accidental Injury. The Life Insured
must die within 90 days of the
accident. The amount of the beneft is
the lesser of:
$1,000,000;
$500,000 if Life Protection
is through an Asgard Super
Account; or
the amount of Death Beneft you
applied for.
(TPD) Protection (not available
through an Asgard Super Account)
If you applied for TPD Protection,
Life Insured becomes Totally and
Permanently Disabled as a result of
an Accidental Injury. TPD has the
meaning set out in the Master Policy
you applied for, but TPD must be the
result of an Accidental Injury. The
amount of the beneft is the lesser of:
$500,000; and
the amount of TPD Beneft you
applied for.
Trauma Protection
If you applied for Trauma Protection,
Life Insured survives for 14 days
after they suffer one of the following
medical conditions as a result of an
Accidental Injury:
Blindness
Major head trauma
Paralysis:
Diplegia
Hemiplegia
Paraplegia
Quadriplegia
Tetraplegia
Severe burns
The amount of the beneft is the
lesser of:
$250,000; or
the amount of Trauma Beneft you
applied for.
If you applied for Critical Trauma
Protection, the Insurer will pay a
beneft if the Life Insured dies within
60 days of an Accidental Injury
occurring. The amount of the beneft is
the lesser of:
$200,000; or
the amount of Critical Trauma
Beneft you applied for.
If you applied for Income Protection/
Salary Continuance, the Insurer
will pay a beneft if, as a result of an
Accidental Injury, the Life Insured
becomes totally or partially disabled
for longer than the waiting period.
Totally and partially disabled have the
meanings as described in the glossary
on page 44 of the PDS, but must be
the result of an Accidental Injury. The
amount of the beneft is the lesser of:
$10,000 per month; or
the amount of Monthly Beneft
applied for.
5. Exclusions
A beneft will not be paid if death
or disablement is caused directly or
indirectly by:
suicide or any attempt at suicide;
self-inficted injury or infection;
the taking of alcohol or drugs
other than prescribed by a Medical
Practitioner;
a physical condition which you
knew about before this cover
commenced;
engaging in any pursuit or
occupation that we would not
normally cover on standard
terms; or
participation in criminal activity
an act of war (whether declared
or not).
6. Application for insurance
If you are eligible to make a claim
under this cover, it will not prevent
your application from being accepted.
However, the Insurer will take
into account the change in the Life
Insureds health when assessing your
application and may decline your
application or apply special loadings,
conditions and exclusions.
ABN 92 009 279 592
PO Box 7490, Perth WA 6850
Product Disclosure Statement Interim cover certifcate | 55

While were processing your Application, youll be covered under the
terms of the Interim Accident Beneft.
Issued by:
ABN 92 009 279 592
AFSL 240695
Correspondence
Contact Centre
PO Box 7490
Perth WA 6850
APJPDS70108
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Asgard Personal Protection PDS

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Asgard Personal Protection package SPDS | 1

The second purpose is to correct

Serious accidents, trauma and disease

8 | Product Disclosure Statement Asgard Personal Protection Package products

an increase in the life insureds

they are reasonably suited

has not engaged in any gainful

Product Disclosure Statement Asgard Personal Protection Package products | 11

Product Disclosure Statement Asgard Personal Protection Package products | 15

Product Disclosure Statement Asgard Personal Protection Package products | 17

Critical Buy Back Beneft

18 | Product Disclosure Statement Asgard Personal Protection Package products

youre following the advice of a

20 | Product Disclosure Statement Asgard Personal Protection Package products

This beneft starts to accrue when the

Specifc event Payment period

Bed Confnement Beneft

22 | Product Disclosure Statement Asgard Personal Protection Package products

a Total Disability Beneft, when

Choose your waiting period

Product Disclosure Statement Asgard Personal Protection Package products | 23

The following business expenses are

Product Disclosure Statement Asgard Personal Protection Package products | 27

Business Expenses Protection rates

You should note that the rates provided

30 | Product Disclosure Statement Premiums and charges

Other eligibility conditions

Are you eligible to apply

36 | Product Disclosure Statement Insurance through an Asgard Super Account

The premiums for your insurance will

Product Disclosure Statement Insurance through an Asgard Super Account | 37

When does cover start?

Product Disclosure Statement Privacy statement | 41

42 | Product Disclosure Statement Privacy statement

Your health or medical information

Approved rehabilitation program

an important income producing duty

Product Disclosure Statement Glossary | 45

Benign brain tumour

Only Carcinoma in situ of the following

46 | Product Disclosure Statement Glossary

Medically acquired HIV

Product Disclosure Statement Glossary | 47

48 | Product Disclosure Statement Glossary

All squamous cell carcinomas of

Chronic liver failure

Product Disclosure Statement Glossary | 49

investigations, for example, lumbar

54 | Product Disclosure Statement Interim cover certifcate

Product Disclosure Statement Interim cover certifcate | 55

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