MLC Personal LoanCover

MLC Personal LoanCover is a simple insurance package for your NAB personal loan.

It means you can relax and enjoy your purchases without having to worry about your ability to pay back your debt, should something such as death, involuntary unemployment or disablement happen.

With MLC Personal LoanCover you are covered for:

• the outstanding loan balance up to a maximum of $80,000 if you die
• loan repayments, up to a maximum monthly amount of $5,000, if you are disabled, or
• loan repayments, up to a maximum monthly amount of $5,000 for up to a maximum period of four months, if you are involuntarily unemployed.

You can choose to have your premiums deducted from a nominated NAB account (excluding credit cards) or have them funded through the loan itself.

It's easy to apply:

• there are no lengthy personal medical questionnaires, medical examinations or blood tests (pre-existing medical conditions are excluded from cover).
• acceptance is automatic; just complete the application form and arrange payment of the premium.

To find out more about MLC Personal LoanCover benefits, conditions and exclusions visit your local NAB branch, contact your NAB banker or call MLC on 132 295.

MLC Personal LoanCover is not compulsory and not available for all NAB loans, so please check with your NAB banker. Subject to Policy Terms & Conditions.

Full details are available in the Product Disclosure Statement.

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