Protection Plan
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This Product is manufactured by 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.
Our Protection Plan has been designed to
- Provide an immediate tax-free payment to whoever you decide on your death.
- Maintain your family’s standard of living.
- Keep your children in their current school and fund their future needs.
- Pay for funeral expenses.
- Leave a legacy to the people who matter most.
Plan Description
The Protection Plan is a regular premium plan that provides for the payment of a fixed sum of money in the event of your death. The Protection Plan offers life insurance only and does not provide an investment return. You choose the amount of Life Insurance and the number of years you want the cover to last.
The Plan provides a fixed lump sum, which means that the amount of money that we pay is the same irrespective of when death occurs during the term of the Plan.
It’s Aims
- The plan provides life insurance for the length of time that you choose.
- It pays a lump sum on death to your estate or whoever you decide.
Your Commitment
- To keep up the payments throughout the period of cover.
- To give us all the information we ask for throughout the application process and if 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.