"Our lives are the most important things we have".
Which makes it all the more surprising that so many of us choose to insure our material possessions, but forget about insuring ourselves. As Benjamin Franklin once said, "the only certainties in life are death and taxes" - in fact, in the case of inheritance tax the heirs can be left dealing with both in quick succession. Apart from the emotional impact of a death in the family, the financial implications can be devastating, so it's vital that you consider the consequences which an unexpected death could have on your family, and plan accordingly.
Life insurance is aimed to protect your loved ones, and is the perfect solution to preserve/protect the future economic stability, without sacrificing the present. For example; the education of our children is always one of parents main concerns. So a responsible financial planning, should also consider the funds necessary for the child´s education. Because the education we can offer our children will determine their future welfare to a very large extend.
There are two main types:
Life Assurance: Individuals selected by the insured party are given economic support so that they can move on with their lives if the insured party suffers an unfortunate event such as permanent and absolute disability or death.
Mortgage protection: The mortgage will be paid off in the event of death. Our policy adjusts its capital as the mortgage is progressively paid off.
This insurance policy maintains your loved ones’ standard of living in the event of your death or disability.
Op de Beeck & Worth offers a life insurance policy with flexible threshold options, that can be adapted to every client´s individual needs.
The life insurance we sell covers principally the death of the insured party. You can also tailor the policy with other optional coverage to add further guarantees, such as against permanent disability or, for example, severe dependency.
As a general rule, accidents or death as a result of extreme sports or during the exercise of so-called “risk” professions are excluded, although we can also find a solution for these scenarios if you practice this type of sport frequently.
Our coverage breaks down as follows:
BASIC COVERAGE:
- Death
- Policy Loan
- Advance for Inheritance tax
OPTIONAL:
- Total permanent disability
- Total professional permanent disability
- Accidental death
- Total permanent disability due to accident
- Death in a traffic accident
- Total permanent disability due to a traffic accident
- Simultaneous death of both spouses due to accident
- Serious illness/ Terminal serious illness
- Cancer, for women and men
- Severe dependency and major dependency
There are two thresholds when you take out a life insurance policy:
The first is the age of the insured party. As a general rule, after the age of 75 far fewer products are available and the premium is more costly.
The second is the compensation limit in the event of death or accident. This threshold is set entirely at the discretion of the insured party.
If you need large sums insured, we can also find a solution for you.
Unless the events occurred in a country in conflict or there is an express exclusion in the policy, life insurance taken out in Spain is valid abroad.
If your tax residency is outside Spain, or if you do not live in Spain for at least six months of the year, you may not take out a policy in Spain, although there are some exceptions.
Depending on your age and the compensation limits requested, you may only have to fill in a health questionnaire.
If you are quite elderly and the thresholds are high, you will probably have to undergo a medical check-up.
We help you with your insurance
We will be happy to help you protect everything you need in your company.
Contact us for a personalised study.
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