Skip to content

MLC reducing some life insurance premium rates

  • by The Quotesonline Team

MLC’s Head of Product – Insurance, Sean McCormack said, “At MLC we are focused on sustainable insurance which has greatly benefited our customers. We continue to fine tune our offer in areas that advisers and their clients have told us are important to them and will further enhance that sustainability.”

Enhancements made as part of the 2009 upgrade include:

  • Availability of level premium for Critical Illness (CI) and Total and Permanent Disability (TPD) stand-alone insurance making insurance more affordable for the long term.
  • For the second year running, Life Cover level premium rates have been reduced by up to 6% for insurance held inside or outside superannuation.
  • Minimum premium requirements for clients increasing their existing insurance cover have been reduced by 50%.
  • CI level premiums have been reduced and for the 35-40 age group this translates to a reduction of up to 8%.

Changes have also been made to the Product Disclosure Statement (PDS) including simplification of the introductory content, improved readability and printing on 100% environmentally friendly paper.

Life Insurance quotes through Quotesonline is free

Your Life Insurance Quotes will come from a licensed Authorised Representative so you can compare products and features

Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by is indicative only and given in good faith by and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product
Call For Quotes