MLC Life Cover Super MLC Personal Protection Portfolio

IncomeProtectioninsuranceExtended Leave CoverYour cover continues for up to a year while you are onextended leave (you are not doing paid work), except asa direct result of disability or sabbatical leave. MLC mayapprove longer periods in writing. For professional andclerical occupations, if you are on sabbatical leave, theinsurance can continue for up to two years. You mustcontinue to pay premiums during this time.Elective Surgery BenefitMLC will pay you the monthly benefit if you are unableto work as a result of undergoing elective surgeryperformed by an appropriately qualified doctor to donatean organ to another person, to improve your appearanceas a result of injury or sickness, or on the advice of amedical practitioner.The surgery must take place more than six monthsafter your Income Protection insurance began or waslast reinstated. MLC will not pay any increase to yourIncome Protection benefit for surgery within six monthsof the increase.Style of benefitFor both LCS and PPP, subject to all the terms andconditions of your insurance and provided that yourproposal is accurate, complete and acceptable to uswhen you apply, if your earnings decrease after your policyis issued an:• Agreed Value Benefit (Plus only) means that themonthly benefit issued will be the amount uponwhich your benefits are based when you claimeg your Total Disability benefit will not be reducedbecause your earnings are lower when you claim thanthey were when your policy was issued.• Indemnity Benefit (Standard and under the PlusIndemnity Option) means that the monthly benefitissued may be reduced when you claim so that itdoes not exceed more than 75% of your earningsbefore disability.What options can youchoose to lower the cost?Indemnity Option(for Plus, except under the Farmers Package)To lower the cost of Income Protection Plus you canselect the Indemnity Option instead of an Agreed ValueBenefit. As for Standard cover (Indemnity Benefit), if yourearnings decrease after taking out Income Protection Plusinsurance, MLC will reduce your monthly benefit whenyou claim so that you receive no more than 75% of yourearnings before disability.HIV/AIDS Exclusion DiscountMLC will discount your premium if you do not want coverfor HIV/AIDS and are prepared to accept this exclusion.Non-Occupational Cover Discount(for Special Risk Occupations only)This option lets you pay a lower premium for IncomeProtection insurance that will not cover you for disabilitiescaused at work or as a result of work, or for which you canclaim benefits under any Workers Compensation Act orsimilar legislation.What options can youchoose at extra cost?Indexed Claim BenefitsSo that your benefits keep pace with inflation, MLC willapply the Consumer Price Index (CPI) increase to:• your monthly benefit, each year after benefits have beenpaid for a full year• your pre-disability earnings, when calculating yourPartial Disability or Rehabilitation benefit.Short waiting period for accidental injury(for PPP Plus except farmers under theFarmers Package)If you choose a 14 day or one month waiting period, thisoption enables you to receive benefits while you are totallydisabled during the waiting period, unless you are alreadyeligible for benefits during the waiting period under theExtra Benefits Option. Benefits are payable from the fourthconsecutive day of your total disability during the waitingperiod. Your total disability must be caused by an accidentand begin within 30 days of the accident.Page 32 MLC Life Cover Super and MLC Personal Protection Portfolio PDS