Business Insurance Risk Calculator

The chance of death, total and permanent disability (TPD) or critical illness (CI) among business partners is surprisingly high. This interactive tool allows you to calculate the chance of just yourself, or yourself plus your business partners dying or suffering a TPD or CI before age 65.

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To find out more about MLC Income Protection insurance, get in touch with a financial adviser, or call MLC on 132 652.

Source: Australian Life Tables 2003-05 with MLC’s TPD and CI experience

Help and Assumptions

HELP
This calculator can estimate the probability of you and your partner (if applicable) dying, becoming totally and permanently disabled or suffering a critical illness before age 65.

    1. Select the type or types of risk you wish to calculate.
    2. Select whether to calculate for yourself or yourself and your partner (if applicable).
    3. Select your and your partner’s (if applicable) gender.
    4. Enter your and your partner’s (if applicable) present age, which must be between 16 and 65.
    5. Click on the calculate button.

ASSUMPTIONS
The Personal Insurance Risk Calculator assumes:

    - Probability of death based on Australian Life Tables 2003-2005
    - Probability of total and permanent disability based on MLC experience
    - Probability of diagnoses with an MLC prescribed critical illness based on MLC experience
    - Probabilities are rounded to the nearest 1%.

Disclaimer

The Business Insurance Risk Calculator has been prepared by MLC Limited ABN 90 000 000 402 (AFSL number 230694). These projections are meant as a guide only and may not necessarily reflect the actual chances of death, total and permanent disability and critical illness. It has been published as an information service without assuming a duty of care. Reliance should not be placed by anyone on this calculator as the basis for making any insurance, financial or other decision. Subsequent changes may affect the accuracy of the calculations. This calculator is not an offer of insurance and does not imply the user will be accepted for insurance. This calculator should be used and understood subject to the assumptions, limitations and other information contained in the 'Help and Assumptions' screens. By proceeding the user accepts the limitations specified above.