Life insurance: so your family keeps its standard of living if you are no longer there
Anyone who supports a family financially or runs a company needs life insurance sized to their real situation, not the one the bank offers with the mortgage.
A lump sum for your loved ones when they need it most
Term life insurance guarantees payment of a lump sum to the beneficiaries if the insured person dies and, depending on the policy, also in the event of permanent disability.
Its purpose is to enable the family to keep paying the mortgage, the children's education and everyday expenses for as long as needed. For a business owner, it can also protect partners and the continuity of the company.
Worth knowing
Mortgage-linked life insurance does not have to be taken out with the bank. Comparing can greatly reduce its cost.
The cover worth having
Death
The sum insured for the beneficiaries you designate.
Disability
A lump sum for permanent total or absolute disability, depending on the policy.
Accident
Additional sums if death or disability results from an accident.
Critical illness
An advance payment on diagnosis of certain illnesses.
Mortgage
Repayment of the outstanding loan so the family keeps the home.
Partners and key people
Protection for the company on the death of a partner or key executive.
Specific cover depends on the policy and insurer chosen. We set out in writing what each proposal includes.
What we review before recommending a policy
We compare the leading insurers and review the points that, on the day of a claim, decide what you will be paid.
- Sum insured. It should cover outstanding debts and several years of family income.
- Beneficiaries. Expressly designated and updated after family changes.
- Definition of disability. Which degrees are covered and how they are proven.
- Premium. Level or age-increasing premium, depending on your plans.
- Loan-linked cover. Make sure you are not overpaying for the bank's insurance.
Your family's insurance, with the same rigour as your company's
Many of our private clients are business owners and executives who already trust us with their company. We review their personal insurance with the same technical rigour and, if a claim arises, our own claims department, supported by the Group's Legal Department, Trebia Abogados, defends them before the insurer until they are paid.
What clients usually ask us
How much cover do I need?
A common benchmark is to cover outstanding debts and several years of the income you bring to the family. We calculate it with you based on your situation.
Do I have to take out life insurance with my mortgage bank?
No. The bank can require the mortgage to be covered, but you can take out the insurance with another insurer if it meets the required conditions.
Is the sum my beneficiaries receive taxed?
As a general rule, when the beneficiary is not the policyholder it is subject to Spanish inheritance tax, with reliefs depending on the relationship and the autonomous community.
Can I insure a partner in my company?
Yes. Partner and key person life insurance protects the continuity of the company and is usually set out in the shareholders' agreement.
We will review your life insurance free of charge
Tell us who you are and one of our specialists will contact you to review your current policies or present comparative proposals. If you are already a Trebia client through your company, let us know.
- Comparison across more than 40 insurers
- A review of your current policy, if you have one
- A single point of contact who also supports you with claims
Request your review
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