MLC Recovery Money
The MLC Recovery Money product offers policy holders a way to get complete life insurance cover that is combined with critical illness cover and an option for disability cover as well.
The MLC Protection – Recovery Money insurance policy allows insureds to obtain life insurance cover that is bundled with critical illness cover, along with an additional option to add disability insurance cover to the plan.
MLC’s Recovery Money provides additional features such as:
- Worldwide cover 24 hours per day, 7 days per week
- A Child Support Benefit of $10,000 on policies that are larger than $100,000
- An unlimited amount of Death Cover that has a $2 million maximum amount of Critical Illness cover
In addition, policy holders may obtain covered reimbursement for financial planning of up to $2,000 should they or their beneficiaries have received at least $100,000 in a lump sum from the policy.
The Recovery Money insurance policy also offers flexible premium payment options such as annually, semi-annually, quarterly, or monthly, along with a cooling offer period of 28 days in order to determine if this cover is right for the insured.
An MLC Recovery Money policy may be applied for as young as age 18 and as late as age 64, with a minimum cover amount of $10,000 and no maximum.
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