It is important to think about insurance cover as part of your total financial plan.
Imagine for a minute what it would be like if you were off work for an extended period because of sickness or injury. Or worse, how would your family cope with your unexpected death or total and permanent disablement? How will you or they pay the bills? Will you or they have enough? More often than not, these will be times of uncertainty.
Insuring your life and income against the potential risks of death, total and permanent disablement or temporary disablement can be a very worthwhile decision. After all, you probably already insure assets such as your car, your home or your personal valuables. Why? Because it makes sense, as you recognise there is a risk that these assets could be damaged or destroyed.
This is why it makes even more sense to protect your most important assets - you and your family.
The Fund's insured benefits are specifically designed to provide you with a simple, low-cost alternative when it comes to protecting you and your family should you die or become disabled. As a Fund member, if you take up this cover:
- you are covered 24 hours a day, seven days a week, whether you are at work, at home or on holiday - giving you peace of mind,
- you have the flexibility of choosing the right level of cover for your needs, which is an important consideration as our circumstances can change rapidly. So, it is essential you periodically review how much cover you have to ensure it is enough to meet your needs now and in the future; and,
- importantly, you have the security of knowing that you will be covered by a comprehensive insurance product, provided by one of Australia's most respected insurers, MLC Ltd.
The Fund provides this cover purely for your benefit - we receive no commissions for keeping you covered. It is just another way the Fund puts your needs first.
The Fund offers members cover for:
- Life;
- Total and Permanent (TPD), and
- Income Protection.
The Fund's TPD and Income Protection Insurance options are disability covers that will help to support you and your family if you have to stop work due to illness or injury.
Life Insurance cover may provide your dependants with a lump sum benefit if you die. This can help with them to manage the ongoing expenses of day-to-day living, and also assist with any one-off costs they may face.
Please Note: This section only provides the main aspects of the Fund's insurance arrangements. For full terms and conditions click here to view or download the applicable insurance Policy documents.
Life and Total and Permanent Disablement Insurance Policy
Income Protection Insurance Policy
If you would like to apply to:
Please complete the Short Form Personal Statement instead of the MLC Request for Insurance, if you are: