MLC Life Cover Super MLC Personal Protection Portfolio

How does Business Expensesinsurance work for your business?If your business continues to generate income while youare disabled, MLC will not reduce your benefits.If there is more than one owner of the business MLC willpay your share of the covered expenses.If you own and operate your business through a company,MLC will treat covered expenses paid by the company asif they were paid by you.If you change businesses the policy is portable. Simplyapply it to your new business.If you have a break in employment you can continue yourcover for up to a year while you are on extended leave,unless it is a direct result of disability. MLC can approvelonger periods. You must continue to pay premiumsduring this time.When won’t MLC pay?MLC does not cover youfor expenses incurredduring a disability arisingfrom or contributed to by:• intentional self-inflicted injuryor attempted suicide• normal and uncomplicatedpregnancy or childbirth• war or warlike operations(this exclusion does not applyto any benefit payable onyour death)• any injury that occurred,or sickness that firstappeared, before the policycommenced or was lastreinstated (unless disclosedto, and accepted by, MLCas part of the application orreinstatement process).Business Expensesinsurance doesnot reimburse:• expenses that youcan claim fromanother source• payment or otherbenefits of any kindto you, or to yourreplacement in thebusiness• any expense that wasnot normally paid beforethe disability• repayment of theprincipal of a loan ormortgage that startedless than one yearbefore the disability• the cost of equipmentor merchandise foryour business.When does Business Expensesinsurance end?Your insurance will end when:• the insurance is cancelled at your written request(cover ceases on the next paid-to date and MLC will notrefund any premium paid up to then)• the insurance is cancelled because you stop payingpremiums (unless MLC is paying you benefits)• the policy is cancelled because you make afraudulent claim• you turn 65• you reach the termination date in your Schedule• you cease working for more than 12 months, except asa direct result of disability or if MLC has agreed in writingto extend this period• you retire, or stop work and do not intend to work anymore, for reasons other than disability• you die.The types of insurance offeredMLC Life Cover Super and MLC Personal Protection Portfolio PDS Page 39