How life insurance can help you

No one likes to think about bad things happening in life, but it’s important to consider how financially secure you and your family would be if things went wrong.

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Protect yourself when things go wrong

While it can be hard to protect yourself from the potentially devastating financial consequences of serious life events such as death, disability or a critical illness, MLC Life Insurance will be there for you at a time when you, your family or your business needs support the most. 

If you’re unable to work again

Total and Permanent Disability (TPD) insurance gives you a one-off payment when you become permanently disabled and unable to work. You can use this payment to cover medical bills, living expenses, modifications to your home, or you can invest it to assist you in the future.

If you’re unable to work temporarily

If you get sick or seriously injured and can’t work, Income Protection insurance pays a monthly benefit to replace your income up to $30,000 (including Super Guarantee Benefit and the Booster Option, which depends on your income). This means you can focus on getting better and not have to worry about covering your day-to-day expenses.

If you’re unable to run your business

Business Expenses insurance helps keep your business going by reimbursing certain business expenses when you are unable to work due to sickness or injury.

If you were to suffer a critical illness

While we can survive illnesses such as cancer, heart attacks and strokes, we don’t often think about how our life may change or be impacted by illness. On top of ongoing emotional and physical challenges, we also need to consider the financial impact.

To help reduce the financial burden and stress, Critical Illness insurance will provide you with a one-off payment if you suffer a critical illness.

Protect your family’s financial future after you’re gone

While no one wants to think about the worst case scenario, it’s worth thinking about what would happen if you were no longer around to provide for your family.

Life Cover insurance provides a one-off payment to a person you nominate if you’re diagnosed with a terminal illness or die. This money can be used to pay off debts, pay day-to-day expenses, or be invested for future needs.

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Whether you’re looking to start a family, buy a home, prepare for retire or simply want to protect your lifestyle, we have an insurance policy to suit your needs.

When to consider life insurance

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