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Single Premium Plan

If you have a lump sum of money, which you have saved over the years or perhaps inherited and are looking for a potentially better alternative to banks’ saving and term deposit accounts, look no further. The MSV Single Premium Plan is designed to provide you with capital protection and attractive bonus rates. Your money is invested in the MSV With Profits Fund, a time tested, reliable and tax efficient method of investment.

  • 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 account value. 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 incur surrender charges. If you cash in your Plan after the first 3 years you may not get back as much as you invested.
  • The returns you get on with-profits investments depend on a number of factors including:
    • 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.
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