Death from Any Cause or Traffic Accident

Permanent Absolute Disability from Any Cause

Take out cover up to age 74 and renew it up to age 80

Get Info Free

“Muy puntuales en la llamada, estoy conforme con el precio ” Gracias

Jose Carrasco Nieto

“He conseguido reducir lo que pago en el seguro de vida, con el banco me salia demasiado caro. Muchas Gracias, 100% recomendados ”

Alba Muñoz Navarro

Frequently Asked Questions MejorSeguroVida.es

👇 Click on the question 👇

Best Life Insurance in Spain

What is Life Insurance?

In Spain, most life insurance policies are designed to pay a lump sum to your loved ones if you die while covered by the policy or if you are limited by partial or absolute disability. It can help them cope with day-to-day financial concerns such as household bills, childcare costs or mortgage payments, or simply cover your own lifetime needs. You will usually have the option of paying the premiums monthly, bimonthly, quarterly, half-yearly or annually.

You choose the amount of coverage you need and for how long you need it. You can take out life insurance in the name of a single person or of two people in the case of couples or marriages. At Mejor Seguro Vida .es we advise you free of charge and without obligation to make the process easy for you. We guarantee you the best coverage at the best possible price, according to your specific situation.

Types of Life Insurance in Spain

In general there are 6 types of life insurance in Spain. Choosing the right type for your goals and budget deserves some research.

Term life insurance:

Term life insurance in Spain provides protection against death or partial or absolute disability for a set period of time or term. It is very convenient for short-term goals, such as outstanding personal loans, pending car payments, etc. It is recommended if you have many short-term debts, to protect yourself in case the unthinkable happens. Its duration is one year renewable, up to a certain period.

Whole life insurance:

There are 2 types of whole life insurance in Spain, which are:

Whole life insurance with lifetime premiums: in whole-of-life insurance you are covered for your whole life, premiums are paid throughout your life, thus obtaining continuous coverage.

Whole life insurance with temporary premiums: in this coverage the premium is paid for a number of years or until the death of the insured.

Savings insurance:

As its name indicates, savings insurance in Spain allows you to accumulate extra savings for your retirement or for a given period, making your income profitable and later obtaining an amount higher than the amount saved.

Life risk insurance:

Life risk insurance in Spain is a type of insurance where, in case of the death of the insured, its main function is that the beneficiary of the life policy receives the capital agreed when the insured dies.

Mixed life insurance: 

Mixed life insurance in Spain combines two types of life insurance in the same contract: the best of a risk insurance and a savings insurance, so the insured is covered in case of death before a certain date and, if he or she survives that period, receives compensation.

Annuity insurance: 

Annuity life insurance in Spain is quite similar to a savings insurance: by contributing a certain capital over a period of time you obtain a lifetime income. Normally this type of insurance is intended as a supplement for retirement.

How much does it cost to Take Out Life Insurance in Spain?

The premium payable on a life insurance policy is based on many factors related to your life expectancy, such as:

• Age
• Use of nicotine
• Medical history
• Family health history, such as heart disease or cancer among immediate family members
• Dangerous hobbies, such as diving or skydiving
• Planned trips to risky parts of the world, for example: Venezuela, Colombia, Israel, etc.
• Other risk factors, such as your driving history

Mandatory Life Insurance Coverage in Spain

Death coverage from any cause: the life insurer undertakes to pay the insured life capital in the event of the death of the insured, whatever the cause.

Additional Life Insurance Coverages in Spain

In Spain these coverages can normally only be insured as a complement to the main life insurance coverage and can never be taken out separately or independently.

Permanent and absolute disability: 

In the event that the insured is limited by absolute and permanent disability, the payment of the contracted life insurance capital will be advanced to the insured.

Irreversible physical condition 

Caused by an illness or accident occurring without the insured's will, making him or her unable to carry out any type of job or work due to physical limitation.

Total and permanent disability

(Professional). In this case it is aimed at the professional field. If the insured cannot carry out a job or an activity similar to that of his or her education and professional knowledge due to total disability, the payment of the contracted capital will be advanced to the insured, due to the irreversible physical condition caused by an accident or illness occurring without the will of the insured which determines his or her total incapacity to exercise his or her usual profession.

Double capital in case of accident: 

In case of death or disability of the insured due to an accident, the insured will receive double the capital insured in the main coverage of the life policy. An accident is understood as any bodily injury suffered accidentally.

Triple capital in case of traffic accident:

In the event that the death or disability of the insured is due to a traffic accident, the insured or beneficiaries will receive triple the capital insured in the main coverage of the life policy. It also includes accidents caused by a vehicle when you are a pedestrian, or as a driver or passenger in land, air or river vehicles, or also as a user of public land or sea transport.

Serious illness: 

The insurance company will pay the sum insured under the life insurance in the event that a specific serious illness is diagnosed. Normally this coverage in the life policy is only valid up to the age of 60.

Which illnesses do insurers consider serious?

• Myocardial infarction
• Cancer
• Kidney failure
• Cerebrovascular accident (stroke)
• Transplant of vital organs
• Diseases affecting the coronary arteries

What happens if I start drinking or smoking after taking out life insurance?

If you develop a medical condition or start smoking after buying the policy, you do not have to tell the insurance company. Once you have coverage, new health problems or habits cannot change your premium rate.

Main Life Insurance Guides in Spain

Taking out the best life insurance in Spain is not an easy task but it can be the best ally for a family in case the unthinkable happens. Thanks to it, it is possible to cope with possible emergencies, which for a family in Spain is not easy at all. When we talk about emergencies, it may be an accident, a sudden serious illness or the death of a loved one, something that is even more serious if it is the main breadwinner of the family. At MejorSeguroVida.es we guarantee the best price and coverage to face these difficult times. Here we leave you some of our main guides.

 At Mejor Seguro Vida .es we Offer Free and No-Obligation Advice in All the Provinces of Spain