MSV Whole of Life plan
The MSV Whole of Life Plan is a simple life insurance policy which pays a lump sum on death whenever it may occur.
The MSV Whole of Life Plan has been designed to help you protect your family from the financial costs arising on death, such as funeral expenses, taxes and other duties, but can also be used to help maintain your family’s lifestyle or simply to leave as a legacy.
By naming a beneficiary the proceeds of the policy fall outside of your testamentary estate and can be paid directly to whoever you want, avoiding the need to confirm this intention in a Will.
The plan pays an immediate cash lump sum on death¹ and will also pay the lump sum early if you are diagnosed with a terminal illness.²
¹ If a beneficiary is named on the policy then we can pay the benefits immediately on receiving the Death Certificate
² Terminal illness is defined as life expectancy medically certified as less than 12 monthsMSV Whole of Life Plan at a Glance
MSV Whole of Life Plan at a Glance
|Type of Plan
||Whole of Life Policy|
|Age at Entry||Minimum 18 years, maximum 69 years
|Term||Whole of Life Policy|
|Basis of Life Cover
||Single Life or Joint Life First or Second Death|
|Protecting Your Dependents
||Upon the death of the Person covered, the Death Benefit will be paid to the heirs
|Additional Benefits (until age 65)
|Funeral Expenses Benefit
||A pre-paid amount to cover funeral
expenses up to a maximum of €2,500 or
the value of the policy may be advanced
at our discretion.
Call us for more info and terms and conditons