LIFE INSURANCE SPAIN

Life insurance Spain provides economic assistance to your family, so that in the event of your passing away, they can pay off your Spanish mortgage, college tuition and other ongoing expenses while maintaining their current lifestyle.

The life Insurance (Seguro de Vida) also covers the funeral and burial costs, taxes and outstanding debts, such as medical expenses not covered by the health insurance. If you have dependents, they will have to cope with these costs while no longer having your income to rely on.

The person whose life is insured is generally called the "insured". The person named in the policy to benefit from the death of that person is called the "beneficiary". Where the policy contains the identity of the beneficiaries, they will not have to wait for the estate partition to be made in order to perceive the indemnity.

When you apply for Life Insurance is very common that he insurance company will ask you to pass a medical exam. The company may specifically exclude certain coverage, such as death by suicide.