MLC Income Protection Insurance

MLC Income Protection insurance helps to protect you and your family by paying up to 70% of your earnings if you're unable to work. This can help cover your living expenses, such as your mortgage, school fees and car repayments.

By providing you with a monthly payment, income protection allows you to focus on your recovery.

Key features of MLC Income Protection Insurance include:

• Monthly payments to replace part of your income when you’re sick or injured and can’t work
• Your Income Protection premium is automatically waived while you are receiving payments
• If you return to work following a claim, but your disability recurs within a certain time, you can continue your claim without re-sitting the waiting period
• Choose a waiting period of 14, 30 or 90 days, or 1 year or 2 years.
• Up to 12 times your monthly benefit approved for rehabilitation expenses (outside super only)
• Death benefit of six times your insured monthly benefit, up to $60,000

MLC offer two types of Income Protection cover:

• Income Assure+: Provides a comprehensive range of benefits and additional options for people in most occupations.
• Income Assure: Provides an entry level cover that prioritises affordability while still providing customers with useful income protection. Income Protection Assure payments will only continue after 2 years if you are severely disabled.

To learn more about these options, you can view the Product Disclosure Statement or compare income protection.