Whether or not we enjoy what we do for a job, the main reason that most of us go out to work each day is to earn a salary and bring home an income so that we can pay for the necessities as well as the luxuries in life. Many of us are guilty of taking our ability to work for granted, and we often get into the mindset that we will continue working and earning money without any problems until it is time to retire.

However, life has a habit of throwing unexpected curve balls our way and many of those who were confident of their ability to continue working and bringing home an income for as long as they needed to, have suddenly been dealt an unexpected hand that has left them in the difficult position of being unable to work and bring home an income, at least for a period of time. Accidents and illness can strike anyone at anytime – and whilst they are not serious in most cases there is always the chance that an accident, injury or illness could leave you in a position where you cannot work.

If you are reliant on your income to pay your way through life – as most of us are – then you need to ensure that you have some protection in place to cover you in the event that this happens to you. Likewise, if you are a main income earner and you have family and dependants that rely on you to care for them, it is vital that you have some protection in place to safeguard both yours and their financial wellbeing. With cover such as MLC Income Protection Insurance you can ensure that even if accidents or sickness stop you from being able to work and earn money, the income that you rely on will still be protected, that way you can focus on making a recovery instead of worrying about how you are going to meet all of your financial obligations.

The choice of cover levels with the MLC Income Protection Insurance plan

When you take out MLC Income Protection Insurance you will be able to choose from several different cover levels, which makes it far easier to find something that is well suited to your needs as well as to your budget. The cover levels that are available with MLC Income Protection Insurance are:

• Income Protection: This offers a variety of benefits to suit people in a wide range of occupations
• Income Protection Platinum: This provides comprehensive cover for those in variety of occupations
• Income Protection Special Risk: This offering protection and benefits for those that are in certain specialist occupations that are classed as higher risk

Some of the features of this cover

There are a number of valuable features that come with the MLC Income Protection Insurance cover. This is a plan that not only offers peace of mind for you and your family in the knowledge that you have financial protection for the future, but can also make a huge difference to your life and the lives of your loved ones if you do end up in a position where you cannot work due to illness or injury. Some of the features of the plan include:

• Loss of income due to total disability
• Loss of income due to partial disability
• Rehabilitation expenses covered
• Rehabilitation bonus offered
• Cover for mental disability or disorders as well as drug dependency

Who is this cover for?

The MLC Income Protection Insurance cover is designed for anyone who is in employment and who wants to ensure that they do not leave the household finances and wellbeing to chance. If you have debts to pay as well as essential financial commitments that you have to meet, then this insurance cover could prove invaluable. If you are a main income earner with dependants, this cover will also prove invaluable.

Whilst it is hoped that you never have to make a claim on the cover, the peace of mind that you and your loved ones can get from simply knowing that you have the cover in place to protect you can be invaluable in itself. In the event that you do find yourself in a situation where you need to claim, the payout means that you will be able to focus on getting better and getting back on your feet rather than getting worked up and stressed about the finances of the household at a time when you need try and keep a clear head.

Without this sort of cover in place it is not just the loss of your income that you may have to worry about. You could end up losing everything simply because you do not have the cash coming in to deal with your financial obligations, such as losing your home through being unable to keep on top of rent or mortgage payments.