MLC Life Cover Super MLC Personal Protection Portfolio

Total and PermanentDisability (TPD) andLoss of IndependenceinsuranceYou will receive a lump sum if you suffer total andpermanent disability or loss of independence.MLC will insure you for TPD until the review date after youturn 65. After that date, MLC will insure you only for lossof independence.For more detail on TPD and Loss of Independencedefinitions, please see ‘Total and Permanent Disability(TPD) and Loss of Independence Definitions’ onpages 73 to 74.You can be covered under different definitions of TPD,which include Any Occupation, Own Occupation and‘not gainfully employed’.TPD and Loss of Independence at a glanceLife CoverSuperPersonalProtectionPortfolioHow can youstructure thisinsurance?either TPD and Loss of Independence as part of Life Cover • •ororTPD and Loss of Independence as a Connected Benefit(not available with decreasing cover)TPD and Loss of Independence as stand-alone insurance(not available with decreasing cover)• •What features are built in? Financial Planning Benefit •Continuation Option for level premium • •Increases without Medical Evidence • ••What options can you chooseat an additional cost?Own Occupation Definition (eligible occupations only) • •Life Cover Buy Back (not applicable to stand-alone) • •Business Safeguard Option • •At what age can you applyfor TPD insurance?What amount can youapply for?Level premium 15–54Stepped premium or decreasing cover 15–59Minimum amount insurable $25,000Maximum amount insurable $3,000,000For more information on Financial Planning Benefit, Continuation Option, Life Cover Buy Back, Increases without Medical Evidence andBusiness Safeguard Option please read the ‘Information common to Life Cover, Total and Permanent Disability (TPD) and Critical Illness’section on pages 23 to 26.Page 14 MLC Life Cover Super and MLC Personal Protection Portfolio PDS