MLC Total and Permanent Disability insurance - Features at a glance
| Features |
|---|
| Financial planning benefit* |
| Increases without medical evidence |
* Not available for MLC Life Cover Super.
Additional options available under MLC Total and Permanent Disability (TPD) insurance
For an extra premium, the following options can be added to this insurance:
| Additional options |
|---|
| 'Own' occupation definition |
| Buy back option |
| Business safeguard option* |
*This option lets you increase your TPD benefit in the future without further medical evidence for business purposes.
More information on MLC Total and Permanent Disability:
| Personal Protection Portfolio - Total and Permanent Disability |
Life Cover Super - Total and Permanent Disability |
|---|---|
| Benefit limit $3,000,000 ('any' occupation definition). $3,000,000 ('own' occupation definition). |
Benefit limit $3,000,000 ('any' occupation definition). $3,000,000 ('own' occupation definition). |
| Maximum entry age Age 60 next birthday (stepped premium, decreasing cover). Age 55 next birthday (level premium). |
Maximum entry age Age 60 next birthday (stepped premium, decreasing cover). Age 55 next birthday (level premium). |
| Expiry age Age 65 (then converts to Loss of Independence). Age 65 for level premium. |
Expiry age Age 75 (then convertible to non-super). Age 65 for level premium. |
If you're interested in MLC Total and Permanent Disability as stand-alone* insurance, you can have the following coverage and features.
| Cover and features |
|---|
| Total and Permanent Disability and Loss of Independence |
| Availability of a financial planning benefit* |
| Increases without medical evidence |
| Options |
| 'Own' occupation definition |
| Business safeguard option |
* Not available for MLC Life Cover Super.
| Personal Protection Portfolio (only) - Total and Permanent Disability (stand alone) |
|---|
| Benefit limit $3,000,000 'Any Occupation'# $3,000,000 'Own Occupation'# |
| Maximum entry age Age 60 next birthday (stepped premium only). Not available with decreasing cover and level premium. |
| Expiry age Age 65 (stepped premium, then converts to Loss of Independence). |
# The maximum benefit payable for Loss of Independence is $500,000.
To find out more about MLC Total and Permanent Disability insurance, get in touch with a financial adviser or call MLC on 132 652.
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