Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Telephone calls may be recorded for quality control and training purposes. Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Telephone calls may be recorded for quality control and training purposes.

Our History  With over 40 years' experience, we are the largest financial services broker serving the Public Sector in Ireland.  We currently administer over 50 Union, Association and Employer endorsed Schemes.  We are now a member of the Great-West LifeCo group of companies. *Source: feedback collated from 1,347 online surveys completed by Cornmarket customers in % of customers that we surveyed said we were extremely/quite helpful & knowledgeable*

Some of our clients

The Local Team Manager – Brendan De La Harpe Assistant Manager – Conor Johnston 12 Full time staff working out of the Cornmarket Galway Office

Key topics of today’s presentation NUI Galway Voluntary Life Assurance Plan Review 2015 Money Saving Tips Private Health Insurance.

Protecting your Salary

Mary’s Story Income Protection Claimant

Voluntary Life Assurance Plan

Review 2015  Cornmarket has been appointed to administer the Plan from 1 st September 2015  Friends First have been retained as the underwriter of the Plan  3 year rate guarantee: The new reduced rate is guaranteed for the next 3 years (until 1st November 2018). From 0.683% to 0.53% of gross salary (0.32% of net salary based on a member paying tax at the 40% rate). Reduction in cost

Change in Benefit Level Why?  In general, Public Sector employees are eligible for a Death Benefit gratuity of up to 1.5 times salary as part of their Superannuation Benefit.  Revenue stipulates that any benefit in excess of 4 times salary needs to be paid to the beneficiary as a pension annuity (rather than a tax-free lump sum).  All pension amounts payable under this annuity are subject to income tax and any other taxes, levies or charges required by law. The University has taken the opportunity to amend the level of Death Benefit of the Plan from 3 to 2.5 times salary to bring it in line with the majority of similar Public Sector Plans and to remain within the tax-free lump sum threshold.

New Enhancements  Accidental Death Benefit of €15,000  Children’s Death Benefit of €4,000 (under age 21)  Special arrangements for unpaid Maternity, Parental, Adoptive & Carer’s Leave  Career Breaks – contributions can be waived for up to 5 years* *Terms & Conditions apply

All pensionable employees of NUI Galway, who are under age 65, are entitled to join the Plan. Who can join the Plan? IMPORTANT: You must remain an employee of NUI Galway to remain an eligible member of the Plan. If you leave employment with NUI Galway you must inform Cornmarket in writing, as you can no longer stay in the Plan and you will not be able to claim from it.

Cost of membership *Real contribution rate of 0.42% paying income 20%. **Real contribution rate of 0.32% paying income 40%

How to Join? Call: (01) Visit: orwww.cornmarket.ie/nuig To apply to join the Plan or for more information on the benefits available

Cornmarket’s Retired Members’ Life Cover Plan For Public Sector Employees What is it? A Group Life Plan that provides retired/retiring Public Sector employees with access to:  Significant levels of life cover  A specially negotiated preferential rate  Preferential terms of entry, so access to life cover at retirement is made more possible  The convenience of making contributions through pension where possible  Cover up to age 85.

 NUI Galway Voluntary Life Assurance Plan members can avail of Cornmarket’s Retired Members’ Life Cover Plan at retirement WITHOUT medical underwriting  Full details will be provided by NUI Galway Pension Department to retiring members in advance of their retirement  Members who do not wish to avail of the cover can opt out Cornmarket’s Retired Members’ Life Cover Plan For Public Sector Employees

What benefit is payable? The Plan provides for the payment of a tax-free lump sum* in the event of death after you retire. The benefit payable is set out in the table below. *Terms & Conditions apply

Awards Thank you for your attention Questions? Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Irish Life Assurance plc is regulated by the Central Bank of Ireland. Friends First Life Assurance Company Limited is regulated by the Central Bank of Ireland. Telephone calls may be recorded for quality control and training purposes.