MLC Total And Permanent Disability
A life insurance policy can look after your loved ones in the event of your untimely death. However, how would you take care of your family if you became totally and permanently disabled, and couldn't earn an income?
To make sure you're completely protected, you can add MLC Total and Permanent Disability insurance (TPD) to your MLC Life Cover.
For white collar professional occupations (such as surgeons, doctors and solicitors) the maximum TPD benefit that can be applied for is $5 million. After age 65, this benefit converts to Loss of Independence (up to a maximum of $3 million) which is based on your ability to care for yourself.
For all other occupations, the maximum TPD benefit that can be applied for is $3 million. After age 65, this benefit converts to Loss of Independence (up to a maximum of $3 million).
Want to know more?
Contact your Financial Adviser or click here to contact us.
