MSV Protection Plan
The MSV Protection Plan provides an immediate tax-free payment* to your estate or beneficiaries in the event of death during the term of the Plan.
The MSV Protection Plan provides you with an option to designate one or more beneficiaries to ensure that the policy pays out quickly and directly to where you want the money to go. The process of getting the money to your designated beneficiaries will, as a result, be significantly improved.
*The tax treatment of all plans is subject to the legislation in place at the time and individual circumstances.
|The MSV Protection Plan at a glance
|Type of Plan||Level Term Policy|
|Minimum Premiums||Annually - €72 Half-Yearly - €36
Quarterly - €18 Monthly - €6
|Age at Entry||Minimum 18 years, maximum 70 years|
|Term||Minimum of 5 years, maximum 57 years. The plan must terminate by age 75|
|Basis of Life Cover||Single Life or Joint Life First Death|
|Protecting your Dependents||Upon the death of the Person covered, the Death Benefit will be paid to the heirs and/or beneficiaries.|
|Funeral Expenses Benefit||A free pre-paid amount to cover funeral expenses up to a maximum of €2500 or the value of the policy.|
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