Life insurance guarantees

This is the main guarantee of a life insurance policy. The insurer will pay the capital agreed in the event of the death of the insured, whether due to illness or accident, to the beneficiary designated in the policy.

The beneficiary can be changed freely during the period of cover.

Covers the payment of the capital if the insured becomes irreversibly incapacitated for any type of work or professional activity, due to illness or accident.

Note: if the person is unable to work in his or her current job, but is able to take up another activity, this guarantee does not apply. In such cases, the following applies.

It guarantees the payment of the capital if the insured person can no longer carry out his usual profession due to an irreversible physical condition, for whatever reason.

It is essential to declare your profession correctly in the policy and to notify any changes.

When taking out this complementary guarantee, the insured capital is paid if the insured person is diagnosed with a serious illness included in the policy, such as cancer, leukaemia, heart attack, Alzheimer's, Parkinson's, among others.

Known as "double capital". If death occurs as a result of an accident, an additional capital sum equal to the agreed amount is paid.

Example: with a capital of €50,000, beneficiaries would receive €100,000 (€50,000 + additional €50,000).

Known as "triple capital". If the death is due to a traffic accident, an additional capital sum equal to the contracted sum plus the extra capital sum for death due to an accident is paid.

Example: contracted capital €50,000. Total received: €150,000 (€50,000 principal + €50,000 for accident + €50,000 for traffic accident).

Also "double capital". If the disability occurs due to an accident, an additional capital sum equal to the contracted amount is paid.

Example: with a capital of €50,000, the compensation will be €100,000 (€50,000 + additional €50,000).

Also "triple capital". If the disability is caused by a traffic accident, the three capital sums are added together: basic, accident and even traffic accident.

Example: capital contracted €50,000. Total received: €150,000 (€50,000 base + €50,000 accident + €50,000 circulation).

There are multiple additional guarantees. A common one is the Double EffectThe insurer pays another capital sum equal to the principal sum if the insured person and spouse die in the same annuity.

Always check the general conditions of the policy to know the details of each coverage.