MSV Loan Protection Plan
The MSV Loan Protection Plan aims to repay any outstanding home loan on your death. This means that you are safe in the knowledge that the roof over your partner and children’s heads is safe even when you are no longer around.
The MSV Loan Protection Plan at a glance
|
| Type of Plan |
Decreasing Term Policy |
| Minimum Premiums |
Annually - €90 Half-Yearly - €45
Quarterly - €22.50 Monthly - €7.50 |
| Age at Entry |
Minimum 18 years, maximum 69 years |
| Term |
Minimum of 6 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 |
Outstanding Loan balance will be settled in full upon the death of the Person covered
|
| Funeral Expenses Benefit |
A free pre-paid amount to cover funeral expenses up to a maximum of €2500 or the value of the policy. |