MLC Life Cover Super

With MLC Life Cover Super you can protect your wealth when you need it most and in a tax-effective way.

Like MLC Personal Protection Portfolio, you can combine different insurance types into one consolidated package, with a single policy fee and policy schedule for the following insurances:

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're totally and permanently disabled due to illness or injury.
Income Protection Pays a monthly benefit if you suffer loss of income due to total/partial disability or rehabilitation.

In addition to this, Life Cover and Income Protection insurances offer 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

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 the benefits of purchasing insurance within a superannuation environment, click here.

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

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