MLC Life Cover Super MLC Personal Protection Portfolio

Tailoring your insuranceWe also understand different people have different needs,so we offer a comprehensive range of insurance optionsfor you to choose and tailor.You have two options for your insurance:1. Standard. This is our basic insurance at anaffordable price.2. Plus. This incorporates a wider range of benefitsand options.Connected benefitsThis is a flexible way of structuring insurance andmay result in reducing the overall cost of yourinsurance package.Specifically, it allows you to purchase Total and PermanentDisability or Critical Illness as an extension to yourexisting Life Cover, but have the policies structured withdifferent owners.And, it doesn't matter if the Life Cover is held inside oroutside of superannuation.Choice of benefit andpremium structuresWhen you take out insurance, there are three ways youcan pay your premiums:1. A level premium based on your age when your covercommences. Your premiums will only vary if a changeis made to MLC's premium rates.2. A stepped premium that increases as you age,while your cover stays the same each year.3. A decreasing cover where your premium stays thesame each year while your benefit varies each year,depending on your age and MLC's premium ratesat the time.Please see pages 47 and 63 for further details.What you can do nextPlease take the time to read this Product DisclosureStatement carefully and, if you have any questions,we recommend you speak with your financial adviser.If you don’t have an adviser, then we can put you incontact with one. Just visit mlc.com.au and go to theAdvice section on our personal page.You’re making the right choice with MLCMLC Life Cover Super and MLC Personal Protection Portfolio PDS Page 07