You can choose a combination of insurance to suit your needs and wrap it all into one consolidated portfolio with one annual statement.
And, because life is always full of changes, you can modify your cover to suit your developing needs. Our insurances mean you can avoid the impact that illness and injury may have on your finances.
MLC Personal Protection Portfolio is closed and no longer available for sale. However if you have an existing policy you can continue to increase or decrease cover, add new benefits and make alterations such as changes to the premium type, benefit and waiting periods.
We'll also continue to look for ways to improve the features and benefits of your MLC Personal Protection Portfolio policy. So where it won't affect your premiums we'll add improvements to your insurance and let you know before this occurs. You should speak to your adviser before making any changes to your policy.
| Type of insurance available | What is it? |
|---|---|
| Life Cover | Pays a lump sum benefit on death or terminal illness or accidental injury. |
| Critical Illness | Pays a lump sum benefit if you suffer a specified critical condition. You can also access Best Doctors through your MLC Critical Illness insurance. |
| Total and Permanent Disability | Pays a lump sum benefit if you are totally and permanently disabled due to illness or injury. |
| Income Protection | Pays a monthly benefit if you are totally/partially disabled or under rehabilitation. |
| Business Expenses | Reimburses certain business expenses when you are unable to work due to total disability. |
| Premium Waiver | Waives your premiums under specified conditions (ie retrenchment or while you are totally and permanently disabled). |