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Life Insurance

Life Insurance is protection for you and your family. Life Insurance pays an agreed sum on your death within the agreed term. It is designed to provide that additional financial support your loved ones after your death. It can also be combined with a savings or retirement plan. This will pay a lump sum if you die within a specified period or if you survive to the end.

Description:

Start saving for your retirement or future projects and investments with a flexible and tax efficient Savings Plan. You may choose the duration of your plan starting from a term 6 years.

From just €40 a month, you can create your own savings fund, which will grow as you continue saving and earning regular bonuses. At the end of your chosen term, you will receive your savings fund as a tax-free lump sum.

 

Investment

The investment options and mechanics are the same as those offered under the Personal Pension Plan.

With-Profits

The first option is to invest your funds into the MAPFRE MSV Life With-Profits fund, which offers benefits such as a capital guarantee and tax-efficient returns. Under this option, you will receive a bonus each year, which depends on the returns generated by the fund. Your bonuses compound on a yearly basis. This means that your bonus each year will be calculated as a percentage of your savings fund, including any past bonuses declared. The fund also aims to smoothen out yearly investment returns by offering policyholders steady annual returns. The fund then holds surplus earnings in a cash reserve to make good for difficult future years.

Unit-Linked

The second option is to take full control of your investments via certain unit-linked funds which you may choose from. This option may offer you potentially greater annual returns. However, it will not offer you the same security as the With-Profits fund.

Contact Us

If you are interested in learning more about the Savings Plan, please contact us for an appointment. We will be delighted to explain the product further, and also give you an idea of what you may expect to receive on maturity, based on your savings.

Download Information Leaflet

The Product Information Leaflet gives you a better understanding of the scope of this plan. You may also read more about optional additional benefits. This PIL relates to the Flexi Plan, which is a ‘With-Profits’ savings plan.

Download Key Features Document

The Key Features Document gives you a better understanding of the key features of this plan. It also answers some frequently asked questions and provides a clear description of benefits. This KFD relates to the Flexi Plan, which is a ‘With-Profits’ savings plan.

Download Key Information Document

Download the Key Information Document (“KID”), in line with PRIIPs Regulation. The Regulation is intended to make it easier for retail investors to understand and compare the key features, risk, rewards and costs of different products in scope of PRIIPs through the provision of the KID. Any provider offering you a similar savings plan should provide you with a similar KID. This KID relates to the Flexi Plan, which is a ‘With-Profits’ savings plan.