The Whole of Life Plan has been designed to help you protect your family from the financial costs when you die, such as funeral expenses, taxes and other duties. It can also be used to help maintain your family’s lifestyle or simply to leave as a legacy.

The Whole of Life Plan provides a tax free lump sum on your death whenever that may happen.

Plan Description

  • It is a regular premium plan that lasts for the rest of your life. It is designed to pay a cash lump sum on your death, whenever that occurs.

  • It has been designed to help you protect your family from the financial costs arising on death, such as funeral expenses, taxes and other duties. It can also be used to help maintain your family’s lifestyle or simply to leave as a legacy. 

  • You can name who you want the proceeds of the policy to go to which means it falls outside of your estate and can be paid directly to whomever you want, avoiding the need to confirm this intention in a Will.

Its Aims

  • To pay an immediate cash lump sum on death.

  • We will pay the lump sum early if you are diagnosed with a terminal illness.(2)

  1.  If you state who you want the benefits to be paid to then we can make an immediate payment on receiving the Death Certificate.

  2. Terminal illness is defined as life expectancy medically certified as less than 12 months.

Your Commitment

  • To keep up the payments until death occurs.

  • To give us all the information we ask for throughout the application process and when you have to make a claim.

Risk Factors

  • The Plan only pays on death and you cannot get back the premia you have paid.
    Depending on how long the plan lasts, your total premiums may be more than the life insurance payable on death. 

  • If you do not truthfully provide all the information we ask for, we might not pay the lump sum on your death. 

  • If you stop paying the premiums your cover would stop 30 days after the payment was missed.

  • Your circumstances may change, affecting your ability to continue paying the premiums.

ROCS Company Limited is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act, Cap 487 of the Laws of Malta for MAPFRE MSV Life p.l.c.. MAPFRE MSV Life p.l.c.(C-15722) is authorised under the Insurance Business Act, Cap 403 of the Laws of Malta. Both entities are regulated by the MFSA.

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