Welcome to MLC
- I'm considering MLC:
- Personal
- Business
- Adviser
- Institutional
- I'm with MLC:
- Personal
- Business
- Adviser
- Institutional
Sub menu
Sub menu
- Adviser
- Products & platforms
- Insurance
- Personal Insurance
- Income Protection
Income Protection insurance
With MLC Income Protection, your client receives up to 75% of their regular income if they are unable to work due to disability.
This means your client can concentrate on recovering and getting back to work, rather than watching their investments and savings slowly diminishing. In addition, their premiums may be tax-deductible, depending on their individual circumstances.
What is covered by MLC Income Protection insurance?
| Cover for | Income Protection Plus |
Income Protection Plus - Farmer Package#* |
Income Protection Standard |
|---|---|---|---|
| Loss of income due to Total Disability | Own occupation definition | Own occupation definition | 2 years 'own' occupation definition then 'any' occupation definition |
| Loss of income due to Partial Disability or Rehabilitation | Maximum up to end of benefit period | Maximum up to end of benefit period | Maximum equal to 6 months' benefits |
| Rehabilitation expense benefit* | Yes | Yes | Yes |
| Rehabilitation bonus* | Yes | Yes | N/A |
| Disability due to mental disorders or drug abuse/dependency | Yes | Yes | Only while under supervision |
* Not available for Life Cover Super
# Not available for class C
To find out more about MLC Income Protection, get in touch with your MLC Representative or call MLC on 133 652.
Copyright © MLC