MLC Life Cover Super means you can protect your clients' wealth when they need it most within a superannuation environment, which may be more tax-effective than purchasing insurance in other ways.
As with MLC Personal Protection Portfolio, you can combine insurance types into one consolidated package, with a single policy fee and policy schedule for the following insurances:
MLC Life Cover Super is closed and no longer available for sale. However if you have clients with an existing policy you can continue to:
You won't be able to change policy ownership or add a new life insured. A new MLC Insurance or MLC Insurance (Super) policy will be required in this instance.
We'll continue to look for ways to improve the features and benefits of MLC Life Cover Super policies. So where it won't affect your client's premiums we'll add improvements to their insurance and let you both know before this occurs.
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