Flexi Plan Secure
It doesn’t matter what you want to save for – your home, a holiday, a new car or your retirement. The MSV Flexi Plan can help make your future more rewarding.
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Manufacturer of the product is: MAPFRE MSV Life
MAPFRE MSV Life p.l.c. (C-15722) is authorised by the Malta Financial Services Authority (MFSA) to carry on long term business under the Insurance Business Act. MAPFRE MSV Life p.l.c. is regulated by the MFSA.
You have complete independence and control to tailor the plan to suit your personal circumstances
- Control – you decide how much to save, even opting to change the amount in the future.
- Flexibility – you can increase or decrease your contributions. You can even make one-off investments into the plan to give your savings that extra boost.
- Freedom – no matter what your work or life circumstances might be, the MSV Flexi Plan will continue to work for you because it is in your name and for your own benefit.
- Choice – Although the minimum term of the plan is 6 years, you are free to decide at what age you would like to access your plan’s benefits.
- Independence – the Plan is designed to pay you a lump sum to spend or invest as you wish
A regular premium savings plan which invests in the MSV With Profits Fund. The MSV With Profits Fund aims to provide you with steady and conservative return, whilst offering valuable protection and guarantees.
- To provide you with a medium to long-term tax-efficient investment and a tax-free cash sum at the end of the selected term of the Plan.
- To pay a lump sum to you, your estate or whoever you choose if you die before taking benefits.
- To pay premiums regularly for the selected term of the Plan.
- What you might get back will depend on our investment performance and is not guaranteed. It will be less than illustrated if the performance of the investment is lower than illustrated.
- If you cash in your Plan early you may receive less than the Policy Account. This will happen either as a result of surrender charges or if we are forced to apply a Market Value Reduction (MVR). An MVR may be applied if the value of our investments falls suddenly.
- Your circumstances may change and force you to cash in your Plan early. If you cancel your Plan in the first 3 years you will get nothing back as the majority of the charges for setting up the Plan are incurred in this time. If you cash in your Plan in the early years (after the 3rd year) you may not get back as much as you invested due to the effect of charges.
- The returns you get on with-profits investments depend on a number of factors includin:
- The return on investments in our underlying with- profits fund.
- The way we distribute any profits on the fund.
- Factors beyond our control, such as tax and the effect of inflation.
- Profits and / or losses from non-participating plans (other than unit-linked plans) which are also part of the with-profits fund.
- The cost of meeting any guarantees that we provide.
- The rate of future bonuses cannot be guaranteed and may also change over the years.
- Inflation will reduce the real future value of any cash sum.