What happens to the mortgage if I am not here tomorrow?
The mortgage still has years to run. So does a job, a business, a family. Allianz term life insurance pays a lump sum to the people you name, and they decide what to do with it: clear the mortgage, keep paying for studies, buy time.
- Death: a lump sum for your beneficiaries
- Funeral costs and inheritance tax, in every option
- Notarial will, in every option
Who it is for
Four situations. If one of them sounds like you, ten minutes of our time is worth it.
- The mortgage runs for years and one salary carries it
- Your children are studying and still depend on you
- Your partner has no income of their own
- You are self-employed: if you stop, the income stops
There is something else here that you do not get back home: the house is in Spain and much of the family is not. When it comes to inheriting, that means paperwork, deadlines and inheritance tax. The capital reaches your beneficiaries as money, and funeral costs and Spanish inheritance and gift tax (ISD) are covered in every option.
What is covered
Allianz Vida options
- Básico
- Óptimo
- Ampliado
- Extra
- Todo Riesgo
In every option
- Death
- Notarial will
- Funeral costs and inheritance tax (ISD)
Depending on the option, also
- Permanent total disability
- Disability from an accident
- Death from an accident and from a road accident
- Serious illness
- Orphan's benefit after an accident
- Second medical opinion and 24-hour medical guidance
Depending on the option chosen. We show you in writing what is in yours before you sign anything.
What it costs
You will not find a “from €9 a month” here. There is no single price: it depends on your age, on the sum you choose and on your health. A pretty figure on the website and a different one in the policy is not how we work.
We work it out for you. It costs nothing and commits you to nothing. For the calculation we need your date of birth, your postcode and your occupation.
Mortgage: if your bank asks for life insurance, the law lets you bring an equivalent policy from another insurer (Ley 5/2019). Bring us what the bank is asking for and we will look at it together.
How it works
- You call, message us on WhatsApp or come into the office. In English, Spanish or German.
- We calculate the price for the sum you want and explain what each option covers and what it does not.
- You decide. Allianz may ask health questions before accepting; we tell you beforehand what is needed in your case.
Why with us
- Office in San Eugenio Alto, Adeje. Monday to Thursday, 10:00 to 17:00. You can come in and sit down.
- We deal with you in English, Spanish and German.
- We are an exclusive Allianz agency. When there is a claim you handle it with us, not with a distant phone number.
- 4.8 out of 5 stars from 52 customer reviews.
Good to know
- You need to be resident in Spain for this insurance; we will ask for your NIE.
- You choose the beneficiaries, and you can change them later.
- Want the product explained at more length? That is on our term life insurance page.
For guidance only. The exact cover and conditions are those set out in the Allianz policy and information note (nota informativa).