MLC Life Insurance Save Your Financial Future and Family

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MLC Life Insurance helps you to secure the financial future of those that you'd leave behind if you died. It will insure you for some particulars amount, and which can be used for your future family needs, such as funding school fees or paying off the mortgage.

Insurance also provides the financial support for the event of your injury, sickness, or death. To make lifestyle changes, having enough money after a disablement or severe illness is something that they’d all like to have, of course. Insurance will be an important part of your financial plan, no matter what stage of life you are at.

MLC life insurance cover’s work

This insurance also pays a lump sum if you are diagnosed with a terminal illness, or you die. You may apply for as much life insurance as meets your needs. The special terms apply for amounts that above $15 million. The good thing is your financial adviser can help you to work out with the right amount of your MLC life insurance cover.

The features of MLC Life Insurance

These all are the features of MLC Life Insurance; they are:

• Accidental Injury Benefit: If you lose the use of your limbs or sight, you will receive a lump sum benefits severity of your injury and depending on nature.
• Increases without further Medical Evidence: You can apply to increase your whole life insurance, when certain events occur, without the further medical evidence.
• Economizer: If you’re aged 30 or over, you can request to have your life insurance to cover stepped premium frozen. The premium that you pay stays the same, while your benefit will reduce in each year.
• Advance Death Benefit: When you die, an advanced of lump sum benefit payment up to $20,000 will be made, help you with any important costs.
• Terminal illness: If you are diagnosed with a terminal illness, then you’ll receive your life cover lump sum benefits. You will not have to return these benefits if you survive.
• Financial Planning Benefit: If they pay a lump sum benefits with $100,000 or more, they will reimburse part of the costs that charged by a qualified financial adviser for a financial plan to a specific amount. The maximum amount is $5,000.

A benefit won’t be paid for terminal illness or death contributed to by attempted suicide within 13 months after the insurance or suicide started; was increased in the Life Cover insurance benefit or was last reinstated.

Your insurance end when your Life Cover and Terminal Illness Support of MLC life insurance: they pay an amount equal to your Life Cover or Terminal Illness Support insurance benefit; cancel your insurance; the termination date for insurance is reached, as shown on your schedule; your life cover is reduced for any reason. For example, if you receive some benefits for any extension insurances linked to your life cover; your premiums are not paid; a fraudulent for the claim is made, or you die.