Life Insurance Benidorm

Life Insurance in Benidorm — Generali Cover

Life insurance in Spain (seguro de vida) provides your family with a lump-sum payment on your death — protecting your mortgage, covering inheritance tax and ensuring your loved ones are financially secure. As authorised exclusive Generali agents based in Jávea, we arrange life insurance for expats across Benidorm and the Marina Baixa, Alicante area, with policies available in English from €18/month.

For expats buying an apartment with a Spanish mortgage in Benidorm, mortgage protection life insurance is almost always required by the lending bank. Rather than taking the bank's own more expensive policy, most clients save €200-€600 per year by arranging an independent policy through us — identical protection, significantly lower premium.

We cover all types of expats in Benidorm — retired residents, NLV/DNV visa holders, self-employed autónomos and new arrivals. All advice is in English, all documents available in English, and our Jávea office is 45 minutes via AP-7 from Benidorm.

Life Insurance Benidorm — Local Considerations

Benidorm is home to one of the largest settled British retiree communities on the Costa Blanca, and life insurance plays two very different roles here. For retired couples it is mainly about estate and inheritance planning — making sure the surviving partner is provided for and that Spanish formalities can be met without a cash crunch; for younger arrivals buying a flat, it is about protecting the mortgage on the apartment.

Both link to two local realities. On tax, the Comunidad Valenciana applies a 99% ISD reduction for direct heirs, and a policy with correctly-nominated beneficiaries gives a fast, tax-efficient way to pass on funds. On mortgages, almost every Benidorm apartment purchase financed by a Spanish bank requires life cover — and you are free to take an independent policy through us rather than the bank's costlier own product. We provide the certificate in your bank's preferred format within 48 hours.