FAQs about our life insurance in Spain

When collecting life insurance, the beneficiary will have to pay a series of taxes such as Inheritance Tax or Personal Income Tax (IRPF). The first is paid at the time of collection, and the second later, when filing the income tax return.

The premium of a life insurance policy will depend on three main factors: the age of the insured person, their state of health, and the contracted capital. Therefore, the price you pay will depend on the type of policy you take out.

Life insurance is usually not taken much into account until the day comes when it is needed. Not everyone knows how to collect life insurance due to death, which is why we want to make very clear what kind of documentation is necessary to complete this procedure. We explain it to you.

Do you know what a life insurance premium is? Are you interested in knowing how the accounting of an insurance premium is carried out? We explain how the life insurance premium is calculated and other issues related to this concept.

Taking out life insurance with a pre-existing condition is not always possible. The future client is obliged to inform the company, and it will be the company that decides whether or not they are eligible to take out such a service.

Normally, when someone is the beneficiary of life insurance, they are aware of it. But if that certainty is lacking, one can go to the Registry of Insurance with Death Coverage to confirm it.

Is there insurance for risky sports? If you regularly practice such an activity, it is good for you to know issues such as whether you can take out life insurance and, if so, what type of coverage you will have or what the price will be. We answer these questions below.

Sometimes we want some extra security against the unexpected that can arise in daily life, but we are not entirely clear on which type of insurance suits us best. That’s why we have decided to talk about the differences between the two most common ones: health insurance and life insurance.

One of the things that can most concern you when taking out life insurance is what happens to it and your family in the event of permanent disability. We understand your concern, since in such a situation you need to be covered. We explain it to you!

Canceling a life insurance policy is possible as long as communication is made at least one month prior to the policy’s expiration.

Legally, it is not mandatory to take out life insurance when formalizing a mortgage loan, and much less to do so with the company proposed by your bank. However, this aspect can influence the final conditions of your mortgage.

At the time of contracting your life insurance, you must establish who you want the beneficiaries to be. However, there is the possibility of making as many modifications as you wish and of adding or reducing the number of beneficiaries without this entailing an increase in the price of your policy.

It is perfectly compatible to receive the widow’s pension and the death benefit derived from life insurance. In fact, the benefit received from taking out life insurance is a good complement to the widow’s pension.

The coverages we offer are very comprehensive, but you must keep in mind that our life insurance has exclusions that you should know about. As you will see, these are very exceptional cases. We explain them to you below.