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MLC Personal Protection Portfolio is an insurance package that can help you and your family maintain your current lifestyle by providing money to repay the mortgage and service other debts, enabling you to concentrate on getting better, or by relieving your family of future financial worries.
Why MLC Personal Protection Portfolio?
MLC has won numerous awards for its products over the last ten years and continues to be the market leader in the insurance industry. With 120 years of experience in the insurance industry, we can provide you with a package of insurance covers that can be tailored to meet all of your individual needs.
MLC Personal Protection Portfolio provides you with the flexibility to choose:
Who you want to be covered
You can insure up to six lives under MLC Personal Protection Portfolio insurance. Each life insured may have different amounts and types of insurance under the one policy.
What risks you want to cover
MLC Personal Protection Portfolio offers different type of 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 f 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 suffer loss of income due to total / partial disability or 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) |
Within Life Cover, Critical Illness and Income Protection insurances, MLC offers further flexibility for you to choose between the:
- Plus version – incorporating a broad range of benefits and options that suit your needs or
- Standard version – limited cover for lower premium that suit your budget
Whether the insurance is purchased within or outside superannuation
You can structure your insurance needs both between MLC Personal Protection Portfolio and MLC Life Cover Super (an insurance product under Superannuation) or across several Personal Protection Portfolio policies with different owners. This is known as Connected Benefits. For further information, please click here.
How you afford your insurance for the long term
For further information, please click here.
Want to know more?
Contact your Financial Adviser or click here to contact us.
Disclaimer
The information provided here is for general use only and has been prepared without taking into account any particular person's objectives, financial situation or needs. You should, before acting on this information, consider the appropriateness of this information having regard to your personal objectives, financial situation or needs. You should obtain financial advice specific to your situation before making any financial investment or insurance decision.
MLC Limited (ABN 90 000 000 402 AFSL 230694) is the issuer of MLC Personal Protection Portfolio.
MLC Nominees Pty Limited (ABN 93 002 814 959 AFSL 230702 RSE L0002998 Trustee of The Universal Super Scheme R1056778) is the issuer of MLC Life Cover Super. MLC Limited and MLC Nominees Pty Limited, both of 105-153 Miller Street, North Sydney NSW 2060, are members of the National Australia Group of companies.
The combined Product Disclosure Statement (‘PDS’) for MLC Personal Protection Portfolio and MLC Life Cover Super provides information about these products. You should consider this disclosure document before making any decision about whether to acquire a policy. A copy of the PDS is available upon request by contacting the MLC Service Centre on 132 652 or you can download it from our website at mlc.com.au.
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