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MLC Income Protection Insurance (NAB)


MLC is a member of the National Australia Bank. The income insurance products offered by MLC are both comprehensive and affordable which makes them a good choice for people who want good plans while being on a budget. National Australia Bank (NAB) offers a variety of insurance products to suit the needs of different buyers.

NAB offers life insurance plans, income insurance plans, general insurance, travel insurance and car insurance plans to consumers who are interested in protecting themselves or their property.

 

Features of Income Insurance

The primary feature of the income insurance cover is that, the MLC cover offers up to 75% towards monthly compensation payments to you when you file a claim. This cover is valid until the benefit period is active or until you have turned 65 years old. Premiums are usually tax deductible which means that you can enjoy tax benefits if you opt for income protection insurance from MLC via NAB.

 

Why Opt for Income Insurance by MLC ( NAB )

The income insurance plan offered by this insurer is affordable and offers exactly what you need. This plan allows you to choose your add on cover options and gives you both freedom and choice. Unlike other insurers, NAB and MLC do not force you to buy insurance plans you do not need, instead they give you choice and provide help if needed.

 

Other Life Insurance Covers

Other than offering a life cover and income protection cover, NAB also offers total and permanent disability cover. In addition this company offers critical illness cover, premium waiver cover and business expenses cover. The business expenses cover is similar to the income protection

NAB cover however; the business expenses cover is meant for business owners who want to protect their business from uncertainties when they are unable to work for a few weeks or months.

 

General Information about Income Insurance

Income protection insurance plans have a waiting period and benefit period. The waiting period is the total number of weeks or months you are asked to wait before you get the first payment from the insurer. The benefit period is the total number of weeks or months you are given the compensation payments and additional benefits if any. NAB Income protection  plans have both a reasonable waiting and benefit period.

The plans offered by this insurer can be tailored to suit your personal circumstances and business requirements. Buyers who are interested in purchase life insurance, income insurance or other policies from NAB can contact the insurer or can ask for an online quite that is both instant and accurate.








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Income protection is a crucial part of any comprehensive financial plan. If you�d like some help customising the correct policy for you, or want to know more about the income protection insurance benefits.