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Death cover

Protecting your loved ones

We don’t always like to think about leaving our loved ones—but if something did happen, it’s nice to know that their financial wellbeing is protected.

A family enjoying themselves at the beach.

What’s Death cover?

Death insurance cover pays a benefit payment to your beneficiaries if you pass away. You’ll also be covered if you’re diagnosed with a terminal illness—that will cause your life expectancy to be less than 24 months.

Am I eligible for this?

The eligibility criteria that applies to you will depend on your age, gender, the product you’ve got with us, your occupation, as well as any arrangements that your employer has with us.

Please refer to the Insurance Guide which is part of the relevant Product Disclosure Statement (PDS).

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Here are some questions our members have asked about Death cover and Terminal Illness:

  • To apply for additional insurance cover you’ll need to complete an Insurance application form.

    You can use the short form if you’d like to apply for Death only or Death and Total and Permanent Disablement (TPD) insurance (max $1 million including any existing insurance).

    Before completing this form, you’ll need to make sure that questions 1-10 in the ‘Personal Details’ section don’t apply to you.

    Otherwise, complete the long form.


  • A benefit won’t be paid within 24 months of starting, restarting or increasing your insurance, if you:

    • take your own life, or
    • are disabled as a result of an intentional self-inflicted injury.

    If you’re an MLC MasterKey Business Super member, this applies to Voluntary insurance. If you are an MLC MasterKey Super Fundamentals member this exclusion applies, however there are additional exclusions.

    For more information about your benefit payment, refer to your relevant Insurance Guide.


Liana's story

A mother holding her children.

Hussein (30) and Liana (29) were the proud parents of twin baby girls, when Hussein was tragically killed in a car accident.

Liana worked part-time while the girls stayed with her parents, but her income couldn’t cover their mortgage and living expenses. Unfortunately, she had to sell their family home and got less than what they paid it for it. This meant that she still had substantial debt to pay off.

If Hussein had Death cover, Liana would potentially have been able to pay off their mortgage or reduce it to a level she could meet repayments on one income—giving her and the girls long term financial security.

Other types of cover

Income Protection

If you’re temporarily unable to work due to illness or injury—Income Protection pays you a replacement income. This can assist you to meet your day-to-day living expenses while you’re not earning an income.

Total and Permanent Disablement

Sometimes the unexpected happens. If you were to become totally and permanently disabled, Total and Permanent Disablement (TPD) cover can help ease financial pressures by paying you a benefit payment.