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A simple plan which guarantees that your loved ones receive a payment should you pass away, ensuring that their futures remain financially secure.
Give your loved ones the financial protection they need. The Protection Plan can guarantee that a payment is made directly to your loved ones should you pass away, which can help them to:
What are the benefits of the Protection Plan?
Your Plan will pay out a cash lump sum – a Death Benefit – should a person insured die while the life insurance cover is in place. You can decide how much cover you require. The Death Benefit remains the same throughout the term of the Plan. The Plan will end after the Death Benefit has been paid.
If you and your partner would like a combined cover, you can take out a joint policy. This pays out once and won’t provide cover for the second person after the first passes away.
The Plan could be pledged to your debt provider, ensuring that the loan is paid off quickly and directly after your death. It also offers the option to designate one or more beneficiaries (same as the Loan protection).
Moreover, you have two free benefits included in the Plan. The Funeral Expenses Benefit offers the beneficiaries the option to receive part of the Death Benefit immediately to cover funeral expenses, up to a maximum of €2,500. The Terminal Illness Benefit pays up to 75% of the Death Benefit as prepayment if the Person Covered is diagnosed to be terminally ill, with a life expectancy of less than a year.
Calamatta Cuschieri is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act for MAPFRE MSV Life p.l.c. (MMSV). MMSV (C-15722) is authorised under the Insurance Business Act. Both entities are regulated by the Malta Financial Services Authority. The Product is manufactured by MMSV and distributed by Calamatta Cuschieri.
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