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Mapfre MSV Guaranteed Over 50s Plan
MSV Guaranteed Over 50s Plan
Mapfre MSV Guaranteed Over 50s Plan
A whole of life guaranteed life insurance protection plan
Overview
Benefits
Terms & Conditions
Reviews
Apply Now

The MSV Guaranteed Over 50’s Plan is designed for those who would like to leave a lump sum on death. This could help to pay towards funeral expenses or any outstanding debts or to leave as a legacy.

With the MSV Guaranteed Over 50’s Plan your acceptance is guaranteed provided you are a Maltese resident aged between 50 and 80. There are no medicals or health questions and on death a cash lump sum is payable. You may also nominate who you would like to receive the cash lump sum.

These are the main features of the MSV Guaranteed Over 50s Plan:

Type of Plan 

Whole of Life Policy 

Minimum Premiums

Annually - €60 Half-Yearly - €30
Quarterly - €15 Monthly - €5

Age at Entry

Minimum 50 years, maximum 80 years

Basis of Life Cover

Single Life

Protecting your Dependents

Upon the death of the Person covered, the Death Benefit will be paid to the heirs and/or beneficiaries.

Beneficiary

You can appoint one or more beneficiaries to receive the benefit under the Plan, when this is due. There is no charge for this arrangement to be implemented and it requires only the completion of a simple form. The appointment of a beneficiary (and acceptance thereof) under a life insurance contract does not need to be confirmed in a will and it also supersedes the provisions of a will if there is any conflict between the two.

This is how the Plan works:

 

·         You choose the level of premium you want to pay and we guarantee a fixed amount of life insurance based on your age when the policy starts

·         The minimum premium payable is €5 a month and the maximum is €100 a month. You can choose any premium within this range so long as it is rounded to the nearest Euro.

·         Premiums can be paid monthly, quarterly, half yearly or yearly and will remain level throughout the plan

·         If you reach your 90th birthday you stop paying your premiums but the life insurance will continue for the rest of your life

·         The plan will end on your death, when the death benefit will be paid out as a cash lump sum

·         You can help make sure that the cash sum reaches the people that you would like by nominating them as beneficiaries.

 

Interested in knowing more about the MSV Guaranteed Over 50s Plan? Learn more about the benefits it will offer you by clicking on the next tab. You may also request a quote by clicking on Apply Now.

 

With an MSV Guaranteed Over 50s Plan, you get all this:

• Your acceptance is guaranteed
• There are no medicals or health questions
• On death a cash lump sum is payable
• You may nominate who you would like to receive the cash lump sum
All charges are reviewable by MSV Life plc and may be changed after the Plan has started, subject to them providing you with at least 90 days notice.
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).