No, it's up to you what protection you decide upon.
from the All Access page, on an Android phone it has the following features:
Complete Anti-virus, Anti-spyware, and Anti-phishing—Scan and clean malicious code from inbound emails, outbound emails, text messages, attachments, and files.
Safe Searching and Shopping—Protection against web threats by blocking risky links within SMS, email and social networking sites. Also safeguards against potential phishing sites, browser exploits and malicious QR codes.
Mobile Lock—Prevent misuse of your phone and personal data by remotely locking all data, including the data on your memory (SIM) card, and displaying a "contact me" message on the device.
Remotely Wipe Data—Protect your privacy by remotely deleting the data on your phone and removable memory card. You can also backup data before a remote wipe so nothing is lost.
Backup and Restore Data—Preserve irreplaceable personal information on demand, on a schedule, or before you wipe your missing smartphone, then restore your information to your new device.
Locate and Track—Recover your smartphone if it is lost or stolen. View its location on a map, send an SMS to prompt its return, and use a remote alarm to make it "scream".
Content Filtering—Let your children safely explore the Internet on Android smartphones. Set filters to prevent exposure to inappropriate content and selectively permit or block specific sites.
Uninstall Protection—Keep a thief—or another user—from bypassing your McAfee mobile protection.