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If you are self-employed or a business owner, as well as needing to plan for the risk of death or disability, you also have the added responsibility of looking after your own superannuation and business insurance needs.
MLC Life Cover Super provides you with the flexibility to choose:
What risks you want to cover
MLC Life Cover Super 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 benefits if you are 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 |
| Premium Waiver |
Pays a monthly benefit if you suffer loss of income due to total / partial disability or rehabilitation |
Within Life Cover 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 asConnected Benefits. For further information, please click here.
How you afford your insurance for the long term
For further information, please click here.
As an added bonus, your premiums may be tax deductible depending on your circumstances.
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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