The Best Company Offering Life Insurance in Spain

SECURE YOUR FUTURE WITH ONE OF THE BEST LIFE INSURANCE IN SPAIN POLICIES

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Life insurance can be a confusing subject for some, so we aim to try and explain what life insurance in Spain is, how theses policies can cover you and protect your assets and inheritance. Turner insurance are the life insurance specialists for long term life insurance.

Life insurance here is similar to the UK, an insurance policy on your life. In the event the unforeseen happens, the policy will pay out to your next of kin. This agreed amount for life insurance cover or life assurance cover, can serve to cover a loss of income for your spouse, to clear loans or debts, cover inheritance costs or just to make life easy for the beneficiary if something happened.

We can also offer to include a double or even the capital insured in the event of death by accident, death by road traffic accident, permanent invalidity for accidents or road traffic accidents.

Need Help To Discover The Right Spanish Life Insurance Cover, Call Us At 966 46 16 25 Now!

Long Term Life Insurance

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A life insurance policy in Spain is not a funeral insurance policy. However, you can opt to increase the capital to also cover funeral costs.

We can issue new life insurance policies for clients up to 69 years of age. Consequently, the optional extras such as permanent invalidity or critical illness cover are only available up to 65 years of age.

However, we always recommend you specify a beneficiary in your life insurance in Spain, this will make the settlement of the policy much easier.

MORTGAGE PROTECTION
LIFE AND INHERITANCE TAX
BANKS PROTECTION

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Turner Insurance Specialists in Spain Costa Blanca, Life Insurance Spain, Car Insurance Spain, Home Insurance Spain, Health Insurance Spain, Home Insurance Spain, Home Insurance Spain Turner Insurance House insurance Spain

Life Insurance Specialist: Mortgage Protection

Being one of the reputed life insurance companies in Spain, we can also issue a mortgage protection policy; this is basically a policy declaring a bank or financial entity as the main beneficiary. This means in the event of death, the insurer will contact the bank or financial entity and ask for confirmation of the balance owing on the loan or mortgage, the insurer will clear the debt and the balance is then passed on to the next of kin or other declared beneficiary.

Long Term Life Insurance: With a mortgage protection insurance policy, we can set up the policy with a decreasing capital, this means each year the insurer lowers the amount of capital you are insured for, as you have cleared part of your loan. Please click on this link below to read something more about life insurance in Spain.

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LIFE INSURANCE SPAIN & INHERITANCE TAX

GET INSURED WITH THE LIFE INSURANCE SPECIALIST: INHERITANCE TAX

Although the rules and regulations on this can vary from year to year, also to make matters more complicated they vary from province to province in Spain, there is a national inheritance tax law stating 35% of all inheritance is taxable in Spain, unlike in the UK where the actual estate itself is taxed, as long as it is over a certain amount or tax free if it is under a certain amount. In Spain it is the actual beneficiary of the inheritance that pays inheritance tax.

Furthermore on top of this national inheritance tax laws the regional laws also apply. For example, in the Comunidad Valenciana (Castellon, Valencia and Alicante provinces) there is a tax exemption for inheritance tax for inheritance up to 100.000€, this is for the total value of the cash and assets received.

Think Carefully

There are also strict rules concerning who you can leave your inheritance too. You cannot freely leave it all to your spouse if you have children. As this really is a complicated subject, we recommend you speak to a financial planning adviser or Gestor to assist you with this. You can also call us at 966 46 16 25 for quick advice on your matter.

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