Life Insurance Els Poblets

Yes. Generali life policies allow you to name any individual as beneficiary, regardless of their country of residence. The payout is made directly to the named person outside the Spanish estate — it does not go through the Spanish inheritance process. This is particularly valuable for expats whose family remains in the UK and who want to ensure funds reach them quickly.

Life insurance is generally portable — the policy remains in force if you move, provided you notify the insurer of your new address and the policy terms permit coverage in the new country. We advise on this when arranging the plan so you understand any geographic restrictions. Most Generali life plans operate across the EU without restriction.

If your primary purpose is mortgage protection, the sum insured should match your outstanding loan balance. For providing for a partner, a common approach is to insure two to five years of living expenses or a sum sufficient to clear any property debts and leave a meaningful lump sum. We discuss your specific situation — property value, mortgage, dependants, savings — and help you arrive at a figure that makes sense rather than guessing.