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We all know of someone who has suffered the effects of cancer, heart disease or stroke. In fact, one in four women and one in three men will suffer some form of cancer in the first 75 years of life1. Today, there is a 50% chance of a 40 year old man and a 33% chance of a 40 year old woman developing coronary heart disease2. The chances of major illness striking you down are very real no matter how young or healthy you are.
Source:
1 Australian Institute of Health and Welfare, Australia's Health, 2002.
2 National Heart Foundation Statistics, Australian Facts 2001 Highlights.
MLC Critical Illness provides a lump sum payment (up to $2,000,000) upon the occurrence of certain critical conditions as defined in the policy. It allows you to concentrate on getting better without financial concerns hampering your recovery.
Click here to see what critical illness conditions we cover.
You can choose to have this insurance as a standalone policy (available with Critical Illness Plus only) or as an extension to Life Cover.
The Critical Illness Extra Benefits Option provides clients with cover for 20 partial critical conditions and a Critical Illness Buy Back Option.
A Financial Planning Benefit is available when MLC pays a lump sum benefit of at least $100,000 to a beneficiary under MLC Personal Protection Portfolio. MLC will cover the reasonable cost, up to $2,000 per life insured, for a fully documented financial plan prepared by a qualified Financial Adviser for the beneficiary. Where there is more than one beneficiary of the lump sum benefit, the right to the Financial Planning Benefit will be divided equally between those beneficiaries who each receive a benefit of at least $100,000. This benefit also applies to Terminal Illness Support.
Want to know more?
Contact your Financial Adviser or click here to contact us.
Disclaimer
The information provided here is for general use only and has been prepared without taking into account any particular person's objectives, financial situation or needs. You should, before acting on this information, consider the appropriateness of this information having regard to your personal objectives, financial situation or needs. You should obtain financial advice specific to your situation before making any financial investment or insurance decision.
MLC Limited (ABN 90 000 000 402 AFSL 230694) is the issuer of MLC Personal Protection Portfolio.
MLC Nominees Pty Limited (ABN 93 002 814 959 AFSL 230702 RSE L0002998 Trustee of The Universal Super Scheme R1056778) is the issuer of MLC Life Cover Super. MLC Limited and MLC Nominees Pty Limited, both of 105-153 Miller Street, North Sydney NSW 2060, are members of the National Australia Group of companies.
The combined Product Disclosure Statement (‘PDS’) for MLC Personal Protection Portfolio and MLC Life Cover Super provides information about these products. You should consider this disclosure document before making any decision about whether to acquire a policy. A copy of the PDS is available upon request by contacting the MLC Service Centre on 132 652 or you can download it from our website at mlc.com.au.
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