Guaranteed Over 50s Plan
This product forms part of the MAPFRE MSV product range.
- Pays a lump sum in the event of death of one or more persons covered, whenever that occurs
- If you die during the first two years of your plan we will provide a full return of your premiums. After the second year, the guaranteed fixed amount of life insurance will be payable.
- There are no medicals or health questions
- You choose the amount of premium you want to pay and we guarantee a fixed amount of life insurance based on your age when the policy starts
- You can pay the premiums monthly, quarterly, half yearly or yearly
- When you reach your 90th birthday you stop paying the premiums but the life insurance will continue for the rest of your life
- You can appoint one or more beneficiaries to receive the benefit under the Plan
- You can take out more than one Plan so long as the total of all the premiums added together does not exceed €100 per month
- It is available to all Maltese residents aged between 50 and 80 when the plan starts