The Single Premium Plan is considered to be a low risk investment since the With Profits Fund (in which the funds are invested) provides a capital guarantee upon maturity or earlier death.
As such, our customers will benefit from the peace of mind that a With Profits investment provides whilst benefitting from the annual bonuses which we declare together with the possibility of benefitting from an additional final bonus. This investment is also considered to be tax efficient since bonuses are paid tax free in the hands of the policyholder.
MAPFRE MSV Life will start accepting applications for the 2021 Limited Special Offer Single Premium Plan from Monday, 25th October 2021. This is a limited time offer that will close on the 31st December 2021 or earlier at the discretion of MAPFRE MSV Life.
If you cash in your Plan before the date of maturity, you may not get back as much as you invested.
What you might get back will depend on the investment performance and the bonuses we might add. The rate of future bonuses is not guaranteed and may change over the years.
Tax treatment depends on individual circumstances and is based on current tax legislation which may change in the future.