Whole of Life
This product forms part of the MAPFRE MSV product range.
- Protects your family from the financial costs arising on your death
- Pays a lump sum in the event of death of one or more persons covered, whenever this occurs
- Pays the lump sum early if you are diagnosed with a terminal illness
- You choose amount of death benefit, with a minimum of €40,000
- You can pay the premiums monthly, quarterly, half yearly or yearly
- Premiums will remain level throughout the plan
- The cash lump sum is free from tax under current legislation
- You can appoint one or more beneficiaries to receive the benefit under the Plan
- The policy pays up to €2,500 for funeral expenses costs in the form of a pre-payment of the death benefit
- Anyone domiciled in Malta can have this plan
- It is available to anyone aged between 18 and 69 when the plan starts