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MLC Personal Protection Portfolio

MLC Personal Protection Portfolio is more than your ordinary personal insurance policy. 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. So, while injury and illness will never be painless, our insurances mean you can avoid the impact they may have on your finances.

Type of insurance available What is it?
Life Cover Pays a lump sum benefit on death or terminal illness or accidental injury.
Total and Permanent Disability Pays a lump sum benefit if you are totally and permanently disabled due to illness or injury.
Critical Illness Pays a lump sum benefit if you suffer a specified critical condition.
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).

With Life Cover, Critical Illness and Income Protection insurances, you can cater to your needs and budgets with a choice of Standard or Plus cover:

  • Standard cover - limited cover for a lower premium to suit your budget.
  • Plus cover - incorporating a broad range of benefits and options that suit your needs.

Making insurance accessible

It may be more tax-effective to purchase their insurance through your superannuation fund. This is easy with MLC Life Cover Super.

Your adviser can help you structure your insurance across several MLC Personal Protection Portfolio policies with different owners, or both within and outside of superannuation through MLC Personal Protection Portfolio and MLC Life Cover Super. This is known as Connected Benefits.

To find out more about MLC Personal Protection Portfolio, get in touch with a financial adviser or call MLC on 132 652.

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