MLC Income Protection Insurance

MLC

The Income Protection insurance offered by MLC will pay out up to 75% of the insured’s regular income amount if they are unable to work due to a disability.

MLC’s Income Protection insurance policy pays the insured policy holder an amount of up to 75% of his or her regular earnings provided that they are unable to work due to a covered disability.

Some of the costs that are covered in the MLC Income Protection plan include:

  • Loss of income due to a total disability
  • Loss of income due to partial disability
  • Rehabilitation expenses
  • Disability due to mental disorders

The Income Protection policy will pay a monthly benefit to the policy holder that is payable up to the end of the benefit period for a total covered disability and a proportion of the monthly benefit payable up to the end of the benefit period for a partial covered disability.

The regular Income Protection plan from MLC provides a wide range of benefits and additional options for individuals in most occupations, however, the Income Protection Special Risk policy will offer benefits to those who may work in certain occupations which are considered to be more hazardous and may present special assessment difficulties.

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