Increasing Cover
What must I do now?
- If your base salary is less than $192,000, there is no need to do anything.
- If your base salary is more than $192,000 pa and you wish to bring your insured benefit amount in line with your current earnings, you need to complete the Personal Statement and submit to MLC.You may also need to provide health evidence to MLC who will advise you of the information they require. Alternatively, your cover will be limited to a benefit of $144,000 pa or $12,000 per month (which equates to a base salary of $192,000 pa).
If you have any further queries, please contact Horizon Wealth Management by phone on 02 9392 8700 or by email at info@horizonwealth.com.au.
