MLC Life Cover Super MLC Personal Protection Portfolio

Government chargesMLC and the Trustee (for LCS) reserve the right to recoverfrom you the cost of any duty, tax, excise or other chargeof the Australian Government or any state or territorygovernment as they may apply to the policy from timeto time.There is no Goods and Services Tax (GST) payable by youon the policy premium for PPP or the premium payable bythe Trustee to MLC for LCS.Family Law chargesThe Family Law Act enables superannuation, lifeinsurance and other investments to be divided betweenparties in the event of marriage breakdown. MLC and theTrustee may be obliged to provide information to otherparties and manage your policy in line with court orders.MLC and the Trustee may charge a fee for any costswe incur.Trustee feesFor LCS at the date of preparation of this PDS, the Trusteedoes not charge a fee for acting as Trustee. The Trusteewill notify you at least three months before introducinga fee.Type of insuranceLife CoverTotal and Permanent DisabilityCritical IllnessIncome ProtectionBusiness ExpensesTotal and Permanent Disabilityas part of Life Cover or as aConnected BenefitCritical Illness as part ofLife Cover or as aConnected BenefitTerminal Illness Support OptionDecreasing coverpremium structureInflation-linkedincreasethe CPI increase or 3%,whichever is higherthe CPI increasethe same as yourconnectedLife Cover’s increasenot availableInflation Linked OptionInflation may erode the value of your insured benefits. MLCoffers inflation-linked increases, so each year your benefitscan increase in line with the CPI. The increase is availableregardless of any claims you make on the policy, or anychanges in the health of those insured. You will be notifiedof the increase one month prior to the review date.For all premium structures, including level premium,the premium rate applicable to the increased benefitsdue to CPI will be based on your age when the increaseis effective.How it all worksTo accept the increase, simply pay the correspondingadditional premium, which will vary with the increasedbenefit and your age. To decline the inflation-linkedincrease for a particular year, notify MLC in writing withintwo months after the review date, and MLC will notincrease your benefits according to inflation for that year.MLC Life Cover Super and MLC Personal Protection Portfolio PDS Page 49