The animated online tool helps advisers and their clients consider the types of cover available, the features and benefits available, what level of insurance is needed, how to structure it and the type of structure that would work best for them.
MLC Insurance executive general manager Duncan West said the online tool would help Australians face some of the 'what-if' scenarios regarding insurance.
"The tool also helps people who already have insurance to not let it lapse, reminding them of the important role insurance plays throughout their lives," West said.
The tool can be accessed via
mlc.com.au.
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