UNIVERSITY OF LIMERICK VOLUNTARY LIFE PLAN October 2014 Jim O'Neil MIIPM QFA, FLIA

Voluntary Life Cover Plan-Eligibility All pensionable employees of the University of Limerick under age 65. Cover will cease upon retirement or resignation Underwritten by Friends First 07 December 2018

Voluntary Life Cover Plan-Benefits Life Cover of 2.5 X Salary Salary Linked-Benefit rises each year in line with salary increases Same rate for all members, regardless of age, gender or smoker status Costs less than individual plan Short application form-4 questions Doctors report may be required Note-Plan cannot be assigned. 07 December 2018

Voluntary Life Cover Plan- Example of Costs Cost of benefit is 0.558% of salary-New Rate from 1st May 2012 Salary €40,000 €75,000 €100,000 Benefit €100,000 €187,500 €250,000 Monthly Premium €18.60* €34.87* €46.50* * Premiums attract tax relief at members tax rate 07 December 2018

Voluntary Life Cover Plan-Arranging Cover Complete simplified application form Complete deduction mandate We do the rest…… Process application Ensure payroll arrange deduction Manage future claims on your behalf 07 December 2018