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The Guide to Spain
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Welcome to life Insurance in Spain
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Motor Insurance in Spain
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Medical Insurance in Spain
Funeral Insurance in Spain
Marine Insurance in Spain
Golf Insurance in Spain
Pet Insurance in Spain
Liability Insurance in Spain
Funeral Insurance in Spain
Travel Insurance in Spain
Community Insurance in Spain
Life Insurance in Spain
Savings Insurance in Spain
Motor Insurance in Spain
House Insurance in Spain
Business Insurance in Spain
Medical Insurance in Spain
Funeral Insurance in Spain
Marine Insurance in Spain
Golf Insurance in Spain
Pet Insurance in Spain
Liability Insurance in Spain
Funeral Insurance in Spain
Travel Insurance in Spain
Community Insurance in Spain
Life Insurance in Spain
Savings Insurance in Spain


Life insurance
A contract of life insurance in Spain (seguro de vida) provides that, in consideration of the premium to be paid, the insurer promises to pay the beneficiary an agreed sum upon the death of the person whose life is to be insured.
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.
The insurance company normally requires a medical exam from people who are applying for life insurance in Spain.
The company may specifically exclude certain coverage, such as the coverage of death by suicide.