MLC Life Cover Super MLC Personal Protection Portfolio

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Upgrades to yourinsurance effective from12 November 2010Making your insurance even betterWe’ve made a number of improvements you may want totake advantage of such as:• keeping your insurance up with inflation• better protection for total and permanent disability, and• higher income protection.These improvements may change your current premium.Keeping up with inflation*You can choose to keep your insurance in line withinflation for the following insurances through yourMLC Life Cover and Personal Protection Portfolio:• MLC Life Cover• Total and Permanent Disability (TPD), and• Critical Illness insurance.If you choose this option, we'll automatically increaseyour benefits each year by the greater of the ConsumerPrice Index (CPI) or 5%; and you won't have to have anyadditional medicals.Previously the minimum CPI increases for theseinsurances was 3%.Better protection for total andpermanent disability*We’re increasing the Total and Permanent Disability (TPD)and Loss of Independence insurance benefit for your MLCLife Cover Super and Personal Protection Portfolio:If you’re in a white collar profession (such as surgeons,doctors, solicitors) the maximum TPD benefit you canapply for has increased from $3 million to $5 million.The new limit also applies if you have TPD as part of theBusiness Safeguard Option.If you’re over 65 (for all occupations), and you lose yourindependence we’ll pay you a Loss of Independencebenefit. This benefit will be the same amount as yourTPD benefit, subject to a limit of $3 million. Previously thislimit was $500,000. This change if you’re over 65 takeseffect immediately.Higher income protectionIf you’re in a white collar profession (such as surgeons,doctors, solicitors) you can now apply for up to $60,000per month of MLC Income Protection insurance throughyour Personal Protection Portfolio.Changes to income protectionmonthly benefit calculation*We’ve changed the calculation we use to determinethe maximum monthly benefit for MLC IncomeProtection insurance.Now depending upon your occupation and eligibility,you can apply for a higher monthly benefit than waspreviously available.From75% of the first $240,000of annual earningsplus 50% of thenext $240,000of annual earningsplus 25% of thenext $240,000of annual earningsplus 20% of thenext $240,000of annual earningsTo75% of the first $320,000of annual earningsplus 50% of thenext $240,000of annual earningsplus 20% of the remainderup to the maximum$60,000 monthly benefit* These improvements are available from 12 November 2010.Further informationIf you’d like to know more about these, or anyof our other insurance offers, please speakwith your adviser or call us on 132 652.
Policy fees as at12 November 2010Policy FeesThese fees apply to:• MLC Life Cover Super, and• MLC Personal Protection PortfolioAny questions?To find out more about MLC insurance,please get in touch with a financial adviseror call us on 132 652.The policy fee from 12 November 2010 (payable at thesame time as your premium) is:Yearly $76.40Half-yearly $39.73Monthly $6.82The policy fee increases every year in line with theConsumer Price Index.The increase is applied on the policy review date on orafter 1 October each year.
Page 1 and 2: Policy FeesThese fees apply to:•
Page 3 and 4: Policy fees as at20 May 2013Policy
Page 5 and 6: Upgrades (continued)Type of insuran
Page 7 and 8: Policy fees as at21 May 2012Policy
Page 9 and 10: Making sure you’rewell protectedW
Page 11 and 12: Summary ofpolicy upgradesat a glanc
Page 13 and 14: ProductupgradesImprovements to Tota
Page 15 and 16: ProductupgradesNew! Child Support B
Page 17 and 18: ProductupgradesImproved definitions
Page 19 and 20: ProductupgradesIncome Protection -
Page 21: Insurance from MLCImportant informa
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Page 27 and 28: Welcome to MLCAt MLC we protect you
Page 29 and 30: Contents1You’re makingthe right c
Page 31 and 32: You’re makingthe right choicewith
Page 33 and 34: Tailoring your insuranceWe also und
Page 35 and 36: The typesof insuranceofferedMLC Lif
Page 37 and 38: Life CoverinsuranceLife Cover insur
Page 39 and 40: How does a claim affect your insura
Page 41 and 42: How can you structure TPD andLoss o
Page 43 and 44: Critical IllnessinsuranceCritical I
Page 45 and 46: Critical conditionCriticalIllnessSt
Page 47 and 48: Additional critical conditions forw
Page 49 and 50: Information common toLife Cover, To
Page 51 and 52: During the first six months after c
Page 53 and 54: IncomeProtectioninsuranceIncome Pro
Page 55 and 56: When will MLC pay?Total DisabilityT
Page 57 and 58: What features are built in?Choice o
Page 59 and 60: Extra Benefits Option (for PPP Plus
Page 61 and 62: Home assistanceIf MLC is paying you
Page 63 and 64: BusinessExpensesinsuranceFor PPP (o
Page 65 and 66: How does Business Expensesinsurance
Page 67 and 68: When won’t MLC waive?MLC will not
Page 69 and 70: How itall worksMLC Life Cover Super
Page 71 and 72: When does your insurance start?If M
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How is your first premium treated?A
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Government chargesMLC and the Trust
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Contributing toMLC Life Cover Super
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Using yourinsuranceHow to claimMLC
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MLC Life Cover SuperHow can you con
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Who should use MLC Super Estate Opt
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Accessing yourMLC Life Cover Super
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MLC Life Cover SuperWhen is your fi
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Changing,replacing, transferring,re
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Transfers out of MLC LifeCover Supe
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PrivacyNotificationUsing and disclo
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DefinitionsMLC Life Cover Super PDS
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Gainfully employedKey person / reve
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Total and PermanentDisability (TPD)
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Critical IllnessDefinitionsCritical
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HIV contracted throughyour workInte
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Severe osteoporosisSevere rheumatoi
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Diagnosed multiplesclerosisDiagnose
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Interim AccidentInsurance Certifica
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Your application for LCS and/or PPP
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MLC Life Cover Super MLC Personal Protection Portfolio

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