MLC Life Cover Super MLC Personal Protection Portfolio

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Before you read this PDSThe information in this Product Disclosure Statement (PDS) maychange from time to time. Changes that are not materially adversewill be updated and made available to you at mlc.com.au.Alternatively, you can call the MLC Client Service Centre on132 652 for a free paper copy.MLC and the Trustee are the joint issuers of this PDS. Each issuertakes full responsibility for the whole of the PDS.The full legal terms and conditions for each product are containedin their respective policy documents. Copies of the policydocument(s) may be obtained free of charge, upon request.The products described in this PDS are only offered to residents ofAustralia who receive this PDS in Australia.Applications for each product will only be accepted on theApplication Form accompanying this PDS or via its onlineequivalent through your financial adviser.Any information in this PDS has been prepared without takingaccount of your objectives, financial situation or needs. Becauseof this, you should, before acting on any information in this PDS,consider whether it is appropriate to your objectives, financialsituation and needs. To obtain advice or more informationabout the products offered in this PDS you should speak with afinancial adviser.The benefits available under MLC Life Cover Super andMLC Personal Protection Portfolio are paid out of MLC’s No. 1Statutory Fund.This life insurance is designed purely for protection and is not asavings plan. It will never have a surrender or cash value.MLC and the Trustee are part of the National Australia Group’swealth management division. An MLC Personal ProtectionPortfolio policy and an interest in an MLC Life Cover Super policyheld through the Scheme do not represent a deposit with orliability of MLC Nominees Pty Limited, National Australia BankLimited (ABN 12 004 044 937) (AFSL 230686) or any of theirrelated bodies corporate (other than a liability of MLC Limitedas insurer). Neither National Australia Bank Limited, nor any ofits related bodies corporate (other than MLC Limited as insurer)guarantees or accepts liability in respect of MLC Life Cover Superand MLC Personal Protection Portfolio.The following terms are used in this PDS:For MLC Life Cover Super (LCS)MLC/we/us refers to MLC Limited either in its capacityas insurer or in its capacity asadministrator of the Scheme onbehalf of the TrusteeMLCNominees /the Trusteerefers toMLC Nominees Pty Limited in itscapacity as the Trustee of TheUniversal Super Scheme (the Scheme)and issuer of MLC Life Cover Superthe Scheme refers to The Universal Super Schemeyou/your/memberrefers toa member of MLC Life Cover Superand the life insuredFor MLC Personal Protection Portfolio (PPP)MLC/we/us refers to MLC Limited in its capacity asinsurer and issuer of MLC PersonalProtection Portfolioyou/yourassumesthatyou are both the policy owner and thelife insuredAny words shown in italics are explained in the Definitionssection of this PDS.What you need to know about the risksThe insurance cover and benefit amounts you select may notalways be adequate for your needs. It is important that you andyour financial adviser thoroughly assess your needs and ensurethat you choose a type and amount of insurance that is suitableand adequate for your current circumstances. It is also prudent toconsider your future insurance needs now because you may notbe eligible for some insurance if your circumstances change.
Welcome to MLCAt MLC we protect youtoday, so you don’t haveto worry about whatmight happen tomorrow.MLC Life Cover Super and MLC Personal Protection Portfolio PDS Page 01
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 and 22: Insurance from MLCImportant informa
Page 23 and 24: Policy fees as at12 November 2010Po
Page 25: This page has been left blank inten
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
Page 73 and 74: How is your first premium treated?A
Page 75 and 76: Government chargesMLC and the Trust
Page 77 and 78:
Contributing toMLC Life Cover Super
Page 79 and 80:
Using yourinsuranceHow to claimMLC
Page 81 and 82:
MLC Life Cover SuperHow can you con
Page 83 and 84:
Who should use MLC Super Estate Opt
Page 85 and 86:
Accessing yourMLC Life Cover Super
Page 87 and 88:
MLC Life Cover SuperWhen is your fi
Page 89 and 90:
Changing,replacing, transferring,re
Page 91 and 92:
Transfers out of MLC LifeCover Supe
Page 93 and 94:
PrivacyNotificationUsing and disclo
Page 95 and 96:
DefinitionsMLC Life Cover Super PDS
Page 97 and 98:
Gainfully employedKey person / reve
Page 99 and 100:
Total and PermanentDisability (TPD)
Page 101 and 102:
Critical IllnessDefinitionsCritical
Page 103 and 104:
HIV contracted throughyour workInte
Page 105 and 106:
Severe osteoporosisSevere rheumatoi
Page 107 and 108:
Diagnosed multiplesclerosisDiagnose
Page 109 and 110:
Interim AccidentInsurance Certifica
Page 111 and 112:
Your application for LCS and/or PPP
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MLC Life Cover Super MLC Personal Protection Portfolio

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