Canadian Specialty Underwriting “Lloyds Registered Open Market Correspondent”

admin@lossofl icense.ca Toll Free: (866) 865-8785 99 Wayne Gretzky Parkway Suite 118

www.lossofl icense.ca Fax: (866) 259-9273 Brantford, Ontario N3S 6T6 Canada

Pilots Loss of License 09/30/19

There are very few occupati ons that are as demanding as that of an Airline Pilot. There are even fewer that impose the stringent health requirements demanded of every Pilot’s. A slight medical defi ciency can cause indefi nite loss of income and fi nancial hardship. Our program provides a Tax Free Lump Sum Loss of License insurance to assist in providing an infusion of much needed capital in assisti ng with a potenti al change of career.

A word from your “MEC and Benefi ts team:

Fellow Flight Crew Members:

On August 1, 2018 Piyush Ghandi our Vice-President Flight Operati ons circulated the Frequently Asked Questi ons along with the new Loss of License insurance policy under which we are all now covered. This policy is paid enti rely by the company eff ecti ve July 1, 2018. We would like to take this opportunity to thank Piyush, Sunwing Airlines and all of you for the work that went into this undertaking. It’s a great additi on to the Benefi ts we currently receive and a step forward for Sunwing and our pilot group.

In additi on, if you do not currently have additi onal Loss of License Coverage privately, Your MEC and Benefi ts Committ ee has secured a “top up” policy available to each and everyone of you. This opti onal, private and portable policy is available through CSU Special Risk (underwritt en by Lloyds of London at ti me of applicati on). If you so desire, this separate and opti onal coverage will be paid by you. This additi onal coverage supplements the coverage now provided by Sunwing if you so choose. This opti onal supplemental coverage will provide members up to an additi onal $550,000.00 (maximum 5 ti mes your salary) in coverage. This would bring the combined total to $750,000.00 in tax free payouts should you lose your license to fl y.

We stand united in conti nuing to help ensure security for you, your families and your futures.

PilotsLoss of Licence

Canadian Specialty Underwriting “Lloyds Registered Open Market Correspondent”

admin@lossoflicense.ca Toll Free: (866) 865-8785 99 Wayne Gretzky Parkway Suite 118

www.lossoflicense.ca Fax: (866) 259-9273 Brantford, Ontario N3S 6T6 Canada

Pilots Loss of Licence

Pilots Loss of License September 30, 2019 8:25 PM

Why Loss of License ?

Permanent Disability Can Be Serious

The financial consequences of a permanent disability can be disastrous. We would all prefer to believe that “it won’t happen to me”. But the facts tell a different story. An airline pilot can be permanently disabled by illness or accidental injury resulting in a loss of license, at any time and at any age.

The Risks Are High

Just suppose you suffered a medical problem that made it impossible for you to continue your career. Would you and your family be able to maintain your lifestyle on the reduced income? Would you be able to pay off the mortgage, your debts or put the kids through university?

Protect Your Way of Life

Many of these financial hardships could be reduced or avoided. All you need to help protect your way of life is sensible protection against such a risk. Lump sum Loss of License coverage is an easy, effective and inexpensive way to help protect you and your family.

Loss of Licence Insurance Program Exclusively for members of the Sunwing Pilots Association

• All members who are actively at work and under the age of 65 are eligible to apply for individual coverage under the negotiated rates, terms and conditions through CSU

• Depending on your age and income, the Loss of Licence Insurance program can provide up to $750,000.00 of tax- free financial support.

• Your benefit level can be changed upon annual renewal of your coverage up to a maximum of 5 times your salary

• Loss of Licence insurance is designed to enhance your coverage under existing income protection benefits such as Short and/or Long Term Disability while transitioning to another career.

• Coverage for permanent long term unfitness (permanent license suspension by Transport Canada) due to a covered accident or illness.

• The loss of license plan is designed to work in parallel with existing Short and/or Long Term Disability benefits.

• Annual premium can be paid by cheque, Visa / MasterCard/ American Express or by Interact E- Transfer, or by monthly payments on your credit card.

Get Your Personalized Quote

All we need is:•Your Name

•Date of Birth•Annual Salary

•Province of Residence•Phone Number

To obtain a quote visit our website at: www.lossoflicense.ca/sunwing

Canadian Specialty Underwriting “Lloyds Registered Open Market Correspondent”

admin@lossoflicense.ca Toll Free: (866) 865-8785 99 Wayne Gretzky Parkway Suite 118

www.lossoflicense.ca Fax: (866) 259-9273 Brantford, Ontario N3S 6T6 Canada

Pilots Loss of Licence

Pilots Loss of License September 30, 2019 8:25 PM

Frequently Asked Questions

What is loss of license insurance?Provides financial support to a pilot in the event their medical is permanently revoked due to an injury or illness

Why is it needed?The Tax Free Lump Sum benefit is designed to enhance or augment your coverage under existing income protection benefits such as Short and/or Long Term Disability while transitioning to another career.

What does the loss of license plan cover me for?You are covered for permanent long term unfitness (permanent license suspension by Transport Canada) due to a covered accident or illness.

How does the loss of licence plan work with the existing STD/LTD benefits?This lump sum living benefit would be paid benefit after a 12 or 24 month waiting period resulting in permanent loss of license due to a covered accident or illness. No benefits would be paid while the pilot was off during this time frame, other than collecting his own group disability benefits.

The loss of license plan is designed to work in parallel with existing STD/LTD benefits. As this has been tailored to fit the needs of pilots and offers personal individual policies, there will be no off-set to any benefit you may receive from the STD/LTD policy

Are there restrictions regarding how I can spend my benefit?No, you are free to use the benefit paid to you however you choose

What is the situation with any previous medical conditions I may have suffered?The policy excludes any condition that for which you sought advice, diagnosis, treatment or counseling or of which you were or should reasonably have been aware or for which you had been treated at any time prior to the inception of your loss of license insurance. This clause can be removed with the completion of an application and the Health Declaration Form subject to Underwriter’s discretion.

Is the loss of license benefit taxable?The loss of license benefit is NOT taxable as the premium is paid by the pilots themselves

How do I pay for my loss of licence coverage?Your annual premium can be paid by cheque, Visa / MasterCard/ American Express or by Interact E- Transfer, or by monthly payments on your credit card.

Can I change my benefit level at any time?Yes, upon annual renewal of your coverage up to a maximum of 5 times your salary subject to underwriters approval

When will I get my policy documents?Your Policy Certificate documents will be emailed to you shortly after your enrolment application has been reviewed and approved by underwriters.

Canadian Specialty Underwriting “Lloyds Registered Open Market Correspondent”

admin@lossoflicense.ca Toll Free: (866) 865-8785 99 Wayne Gretzky Parkway Suite 118

www.lossoflicense.ca Fax: (866) 259-9273 Brantford, Ontario N3S 6T6 Canada

Pilots Loss of Licence

Pilots Loss of License September 30, 2019 8:25 PM

What is not covered?• Suicide Intentional Self-Injury, Assault or Insanity AIDS, Hepatitis B or Venereal Disease

• Any Pre-Existing Physical Condition, any Pre-Existing Mental Condition and any Pre-Existing Substances Illness. (removed if Health Declaration form being completed truthfully)

• Restricted Licence any medical restriction noted or endorsed on any Licence of the Insured unless an exemption is granted by Underwriters.

• War, Terrorism and Mass Destruction and other Exclusions

• Dangerous Activities the Insured engaging in or taking part in: Naval, military or air force service or operations; flying involving hazardous activities including but not limited to the following: (i) the intentional dropping, spraying or release of any substance or object, (ii) slung cargo, (iii) aerial photography, (iv) fire-fighting, (v) slash and burn, (vi) animal capture, or (vii) the use of ultra-light aircraft;

• winter sports (other than skating or curling); (can be covered for additional premium)

• diving involving the aid of breathing apparatus, rock climbing or mountaineering, potholing, hang gliding, parachuting, hunting on horseback, paragliding, bungee-jumping, canyoning, abseiling, ballooning, deep sea fishing, quad biking or driving or riding in any kind of race;

• driving or riding on motor cycles or motor scooters other than mopeds; (can be covered for additional premium)

• Deliberate Exposure by the Insured to exceptional danger (except in an attempt to save human life or in self-defence) or the Insured’s own criminal, fraudulent or dishonest act;

• Pregnancy or Childbirth unless the suspension or cancellation of the licence(s)/certificate(s) is a direct consequence of complications arising therefrom

How do I qualify and apply for the loss of license plan?To obtain a personalized quotation please visit our website at www.lossoflicense.ca/sunwingcall us at 1 (866) 865 8785 or email us at admin@lossoflicense.ca with the following details:• Your Name• Date of Birth• Annual Salary• Province of Residence• Phone Number

This brochure presents a brief overview of available coverage’s under this insurance program. Please refer to the policy wording, a copy of which is available from CSU upon request, for the actual terms, conditions, limitations and exclusions

pertaining to the coverage’s provided under this insurance program.