MLC
Solutions to meet your client's needs
We provide flexible and competitive group risk products that can be tailored to meet your client's needs.
| Death (Life Cover) | Provides a lump sum payment on the death of a member. |
|---|---|
| Total and Permanent Disability(TPD) | Provides a lump sum payment if the member is unable to ever return to work due to sickness or injury. (Available only in conjunction with Death cover.) |
| Salary Continuance | Replaces up to 75%1 of a member's pre-disability salary if the member is unable to work due to sickness or injury. There is also an option to insure an additional amount of up to 15% of the member's pre-disability salary in the form of a superannuation contribution benefit. |
We also offer Death (Life Cover) and TPD insurance within a superannuation environment, through MLC Super Group Insurance, which helps avoid the higher tax payable on death benefits paid outside of superannuation.
This offer allows members to retain their insurance, regardless of which superannuation fund they might choose through exercising fund choice, while still taking advantage of the tax benefits of having insurance within a superannuation environment.
Main features and benefits
Death (Life Cover) and Total & Permanent Disability benefits:
| Standard benefits | Options package | |
|---|---|---|
| Death benefit | Yes | |
| Terminal Illness benefit | Yes | |
| Interim Accident insurance | Yes | |
| 24/7 - worldwide insurance | Yes | |
| Continuation option | Yes | |
| Choice of Total Permanent Disability Definition | Yes | |
| Profit Share2 | Yes |
Salary Continuance Benefits
| Standard benefits | Options package | |
|---|---|---|
| Total Disability Income benefit | Yes | |
| Partial Disability benefit | Yes | |
| Recurrent Disability benefit | Yes | |
| Waiver of Premium (During Total Disability) |
Yes | |
| Family Carer benefit | Yes | |
| Workplace Modification benefit | Yes | |
| Emergency Transport benefit | Yes | |
| Bereavement benefits | Yes | |
| Rehabilitation Expense benefit | Yes | |
| Interim Accident insurance | Yes | |
| 24/7 worldwide insurance | Yes | |
| Continuation option | Yes | |
| Increasing Benefits option | Yes | |
| Employer Superannuation Contribution benefit | Yes | |
| Profit share | Yes | |
| Extra Benefits Package - Bed Confinement benefit - Specified Illness benefit - Advance Payment for Specified Injuries |
Yes |
Salary Continuance benefits aren’t available through MLC Super Group Insurance.
1. The policy owner may choose to insure an additional amount up to 15% in the form of a Superannuation Contribution benefit for their employees, provided the insured employee remains a member of a complying super fund to which the policy owner contributes.
2. Not available through MLC Super Group Insurance.
Disclaimer
2. Not available through MLC Super Group Insurance.
Disclaimer