Life Assurance

Information and questions about the Law in Spain and Andalucia.
Paddy Pumpkin
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Location: Madrid

Life Assurance

Postby Paddy Pumpkin » Thu Nov 29, 2018 12:09 am

I want to take out a life assurance policy on the life of someone else. The type of policy I want is widely available in the UK but I don't know if it is available in Spain and also what is the terminology used to describe it. Can anyone help me and even recommend where I can get this type of policy

Basically if during the next 20 years I die the my wife gets XXXX or if wife dies I get XXXX. The policy only pays out once i.e on death of myself or my wife. Also it is important that the policy payout is direct to the surviving spouse and does not form part of the estate of the dead person.

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spanish_lad
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Location: Alhaurin el Grande since 99

Re: Life Assurance

Postby spanish_lad » Thu Nov 29, 2018 6:49 pm

I have a life insurance policy with my bank, cajasur. I believe it is 28 (?) Euros a month, and pays out on death or disability. As i am not married it pays out to my parents, or rather my dad now.

Is that what you mean?
Alhaurin el Grande since ´99, working at the airport since 2011.

scotty
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Location: Dublin / San pedro de Alcantara.

Re: Life Assurance

Postby scotty » Sat Dec 01, 2018 7:21 pm

You are looking for "Level Term assurance" joint life first death policy.

Paddy Pumpkin
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Posts: 311
Joined: Mon May 01, 2017 12:06 pm
Location: Madrid

Re: Life Assurance

Postby Paddy Pumpkin » Tue Dec 04, 2018 5:40 pm

Any idea what that is called in Spanish?


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