MLC Income Excell

The MLC Income Excell product provides a wide range of options to the insured, including a replacement of up to 75% of the policy holder’s income and a death cover option.
The Income Excell protection product offered by MLC helps to ensure that bills will continue to be paid. With this cover option, the policy holder may have up to 75% of their income replaced in the event that they suffer a qualifying illness or injury and must take a significant amount of time off from work.
Income Excell by MLC also allows the insured to choose a flexible waiting period on the policy as well as the time frame of the coverage – including an option to have benefits paid to age 65. Additional key features of Income Excell include:
- A death cover option of up to six times the policy holder’s monthly income (up to $60,000)
- Worldwide cover 24 hours per day, 7 days per week
- Replacement of 75% of the insured’s monthly income (up to $30,000 per month)
Other coverage options may be added such as a guaranteed insurability feature that can help in tailoring the policy to suit the insured as well as to provide an additional level of cover protection.
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