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, Cap. 403 of the Laws of Malta. 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.