MLC - Life Insurance & Income Protection

MLC Insurance provides a wide range of insurance cover options including life cover, recovery money, and income. The insurer has a nearly 19% market share in Australia.

MLC is an affiliate of the National Australia Bank (NAB). The company holds the number two position in terms of inforce annual premiums and it is a top rated insurance provider for over 1,700 financial and insurance advisors who use the insurance company’s products to help in protecting the wealth and income of their clients.

Overall, MLC manages nearly $113 billion for both individual and corporate customers in Australia. MLC offers a wide range of insurance products such as:

• Life Cover
• Income Protection
• Recovery Money
• Total and Permanent Disablement (TPD)

The insurance cover products that are offered through MLC include many options that can help in protecting the company's customers through a number of perils such as terminal illness, accidental injury, and death.

MLC's life cover product even adds a financial planning benefit that will reimburse the insured or their beneficiary for the preparation of a written financial plan when they have received a lump sum of $100,000 or more from the policy. Other options that are offered via MLC's insurance products can assist policy holders in saving money on premiums and even freezing their coverage in certain situations.

You can compare the premiums of MLC to other providers in the market through our comprehensive quote service.

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