Income Protection - MLC Income Protection Income Protection Excell
| Star Rating |  What's this? |
|---|---|
| Cover Amount | $5,000 |
| Gender | Male |
| Age Group | 35 - 39 |
| Smoker | Non Smoker |
| Occupation | Professional |
| Expiry Age | 65 years |
$61.58
Policy Description
Should you become sick and unable to work a monthly payment will be paid by the insurance company. This is MLC's main income protection policy.
The MLC Income Protection Plus policy has been customised to provide a monthly income stream in the event of sickness
Summary of Benefits
Waiting periods , 14, 30, 60 and 90 days Benefit period from 2, 5 years up to age 65 AIDS cover Guaranteed Future Insurability Benefit Indexation
Add On Features
Waiver of Premium
Payment Options
Annual or monthly. There is a loading if there premium is paid monthly.
Let a MoneyQuest accredited insurance consultant help you with this insurance policy.
Underwriting Requirements
IP - Up to age 51 $6,000 Monthly Benefit no medicals required, Up to age 50 Monthly Benefit $6,000-$7,500 no medicals required, $75,00 plus medicals required
Ownership Ideas
This is generally held in your personal name as it may be tax deductible
Comments
Owners of an MLC Income Protection Excell plan consider combining with life insurance and TPD Cover.
Let a MoneyQuest accredited insurance consultant help you with this insurance policy.
Product Disclosure Statement
Click here to view the product disclosure statement
