If your clients are self-employed or in a small partnership, their ability to operate their business is imperative to its success. Without them, their business may struggle to operate, yet its associated expenses will continue.
MLC Business Expenses can provide your clients and their businesses with cover for certain business expenses for the period that they are unable to operate those businesses due to disability.
As an added bonus, their premiums may be tax deductible, depending on their individual circumstances.
| Cover For |
|---|
| Specific Business Expenses when you are unable to work due to disability |
| Features |
|---|
| Return to work during waiting period |
| Up to 12 month benefit extension if 12 times monthly benefit not paid |
| Guarantee of upgrade |
| AIDS exclusion discount option |
The Business Expenses Calculator can help you calculate your monthly business expenses. It allows you to establish your share of the business expenses that you need to protect.
| Business Expenses |
|---|
| Maximum Monthly Benefit 100% of eligible expenses up to the monthly benefit selected |
| Benefit Period 1 year |
| Waiting Periods 14 days, 1 month |
| Maximum Entry Age AAA, ACT, ML, AA, A - 60 next birthday BBB, BB, B - 55 next birthday |
| Expiry Age To age 65 |
| Occupation Category Guidelines |
|---|
| AAA - Professional white collar workers |
| ACT - Accountants |
| ML - Certain medical and legal professionals |
| AA - Other professionals |
| A - Light skilled occupations eg. Bank teller, lab technician |
| BB - Certified or licensed tradesmen |
| B - Manual but not hazardous occupations eg. Painters |
| BBB - occupations that involve less than 20% light manual work or direct supervision of manual workers eg. site foreman |
To find out more about MLC Business Expenses, get in touch with your Business Development Manager or call MLC on 133 652.