Partnership Protection
Manufacturer of the product is: MAPFRE MSV Life
MAPFRE MSV Life p.l.c. (C-15722) is authorised by the Malta Financial Services Authority (MFSA) to carry on long term business under the Insurance Business Act. MAPFRE MSV Life p.l.c. is regulated by the MFSA.
If you are a business partner or a shareholding company director, your share in the business is likely to be one of your most valuable assets.
The MAPFRE MSV Shareholder/Partnership Protection Plan allows a business/partnership to protect itself against the financial loss it may suffer from losing a major shareholder/partner due to death.
Plan Description
The long term security and success of a business is dependent on the contribution of its major shareholders and partners.
The death of a shareholding director or partner can have a serious impact, both on the future of the business and their families.
The MAPFRE MSV Shareholder/Partnership Protection Plan allows a business/partnership to protect itself against the financial loss it may suffer from losing a major shareholder/partner due to death.
It’s Aims
- The plan provides life insurance for the length of time that you choose.
- It pays a lump sum upon death of the Shareholder/Partner.
Your Commitment
- To keep up the premiums throughout the period of cover.
- To give us all the information we ask for throughout the application process and if and when you have to make a claim.
Risk Factors
- The Plan only pays on death and you cannot get back the premiums you have paid.
- If you do not truthfully provide all the information we ask for, we might not pay the lump sum on your death.
- If you stop paying the premiums your cover would stop 30 days after the payment was missed.