Life Insurance

Life insurance in Spain will give you the peace of mind you need

While it should be pointed out that having life insurance in Spain isn’t a legal requirement, it surely makes sense to do all you can to ensure your loved ones are taken care of should you pass away. If you intend to take out cover, you’ll be pleased to hear that obtaining a policy that ticks the relevant boxes is a relatively easy and stress-free process.


In the UK, we seem to be inundated with ads for comparison websites these days, each of them making it simpler for us to find cover. And while such sites are available in Spain, there are nowhere near as many. You can still find a wide selection of policy options on the web, but it’s important to remember that you get what you pay for; the cheapest policy will rarely be the best one of all.


In Spain, the search for a policy, or a seguros de vida as it’s known here, can be handled by an experienced and knowledgeable broker. Most of these individuals are used to dealing with such matters for ex-pats, especially on the Costa del Sol, and will therefore have an understanding of your individual needs. If you intend to be working in Spain, your policy can help to ensure the continuing financial stability of your family should the worst scenario happen.

Life insurance may be a necessity if you’re taking out a mortgage

Life insurance will often be a mandatory requirement of the banks for those taking out a Spanish mortgage, in order to minimise the risks taken by the financial institutions. One important consideration in all cases is that policies can be declared void if you were found to have been dishonest about the data you supplied, such as information relating to your health. The message is simple: be honest throughout the whole application process.


In a similar vein, if you miss payments the policy can become invalid, so it makes sense to set up a Spanish bank account and arrange for payments to be made by direct debit. This is an issue that requires your fullest attention so make sure you’re completely covered at all times.


To find out more about life insurance when you move to Spain, have a chat with Simply Costa Developments as soon as possible. We’re available on +34 682 66 22 89, and we’re here to help.

Words from our customers

  • Thank you both for your efforts and we shall certainly pass on your name to anyone we know who wishes to sell in the future.  My best regards

    Margaret Evans

  • A huge THANK YOU to you and Neil for everything out have done for me, you have been BRILLIANT.  Wishing you both all the joys of Christmas and may 2018 bring you Health, Wealth and Happiness.

    Love Pat xx

  • Thank you so much for all your help in getting this completed so efficiently. Best regards


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