Tools for business efficiency

Partnering with MLC Life Insurance gives you access to a range of online quoting and application tools, making the application process for MLC Insurance and MLC Insurance (Super) fast and efficient.
Riskfirst

Riskfirst is our online application tool, it gives you: 

  • online acceptance and delivery of your application
  • automated email notifications
  • the ability to fast-track cover below mandatory levels, even before medical evidence is requested and/or received through ‘Riskfirst Rapid’
  • flexibility to choose the application method that best meets individual needs 
  • the ability to provide secure access to your clients so that they can complete their own personal statement
  • an immediate issuing of policies, resulting in faster remuneration.
Illustrator

Illustrator is our quoting tool. It helps you to structure policies, premiums and how you receive your remuneration. Illustrator gives you access to the Detailed Quote, Quick Quote and Visualiser tools.

Detailed Quote lets you:

  • set up and structure life insurance applications from scratch 
  • customise life insurance solutions for your clients.

Quick Quote gives you:

  • simplified and streamlined quoting
  • efficiency and reduced time to quote
  • a suggested recommendation based on optimal cover and pricing for your clients.

Visualiser helps you demonstrate to your clients:

  • policy structures, including extensions and connected benefits
  • key aspects of the benefits to be paid out in a claim scenario, including the eligible benefit types, amounts and time period of the benefits paid
  • the impact on each type or level of cover after a benefit is paid
  • the effects of buy backs and reinstatements.

Download Illustrator Desktop Application

Underwriting Enhancements

MLC Life Insurance is committed to supporting the changing needs of your business and your clients.

One area you have told us that can make a significant difference to your business efficiency is via our underwriting capability and delivery.

We have recently made a number of changes to our underwriting experience to provide a more efficient process for you and your clients.

Streamlined tele-underwriting experience
  • Our new fast track process will complete simple cases within 10 minutes, and all other cases on average within 20 minutes
  • With your consent we'll contact clients directly for the collection of outstanding requirements
  • We'll complete the full Personal Statement (including income and occupational details) with clients, not just the medical questions
  • We'll contact clients within 24 hours of receiving the application
  • We have also introduced new client and adviser tele-underwriting checklists to help you through the process
Large case proposition

We now offer higher sum insured amounts for all benefit types:

Cover type Previous limit New limit

Life cover

$15 million

$40 million

TPD cover
(bundled with equivalent Life cover)

$5 million

$15 million

Critical Illness cover
(bundled with equivalent Life cover)

$2 million

$10 million

Income Protection

$40,000 per month

$60,000 per month

Download the terms for special large cases

Enhanced Professionals Package

A review of our Professionals Package has led to us making significant improvements to our financial underwriting terms for a range of professional occupations.

We now offer increased limits on Life Cover, Income Protection and TPD for a wide range of these occupations.

A number of newly-qualified professionals, including accountants, solicitors and medical professionals can now obtain an endorsed Agreed Value Contract.

Download the full list of enhancements for the Professionals Package

If you have any questions or feedback, please contact your MLC Life Insurance Business Development Manager or Business Development Consultant.