Life Insurance Lanzarote

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Life insurance in Lanzarote for expat residents and property owners. Protect your family and your Canary Islands home with Generali term or whole-of-life cover arranged by Turner Insurance.

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Life Insurance in Lanzarote — Generali Cover

Lanzarote attracts a mix of working-age expats — particularly in the hospitality and property sectors — and retirees who have made the island their permanent home. Life insurance provides financial protection for dependants, covers outstanding mortgage balances on Canary Islands property, and can be designated to named beneficiaries outside the standard Spanish inheritance process.

Spanish life insurance policies pay out to named beneficiaries promptly, bypassing delays that can affect inheritance in Spain. This is particularly valuable in the Canary Islands where the notarial inheritance process can be complex. Turner Insurance arranges both term and whole-of-life policies through Generali, with English-language guidance throughout.

Life Insurance Lanzarote — Local Considerations

Lanzarote property prices have risen significantly in recent years. If you have a mortgage on a Canary Islands property, life insurance is often required by the lender or strongly recommended. A term policy matched to the remaining mortgage balance is the most common and cost-effective solution for mortgage protection.

The Canary Islands has its own fiscal regime with regional tax concessions on inheritance. However, having a named beneficiary on a life insurance policy still bypasses the inheritance process entirely, delivering the payout directly to the named person. This is the main practical advantage of life insurance for expats holding assets in Lanzarote.

How to Get a Quote

Call or email us — 966 461 625 or info@turnerinsurance.es — Monday to Friday, 09:30–15:00.
Tell us your situation — we ask a few quick questions about what you need to insure.
We compare options — as authorised Generali agents we present the plans that match your needs and budget.
Your policy is set up — we arrange everything and send your English-language documents promptly.

Approximate Life Insurance Pricing — Lanzarote

Monthly premiums — indicative, based on age 40 non-smoker:

Term Life (20yr, €150k, age 40)

from €18/month

Fixed term protection
Mortgage protection use
Named beneficiary designation
Payout bypasses inheritance process

Frequently Asked Questions — Life Insurance in Lanzarote

It depends on the condition. Many conditions are declared at application and covered at a rated premium. Serious conditions may affect eligibility or increase the premium significantly. Turner Insurance works through the Generali application process with you, helping you declare conditions correctly and identify the most suitable available plan.

Yes. Generali life insurance policies provide worldwide cover — the policy pays out regardless of where death occurs. The named beneficiary submits the claim with the required death certificate documentation. Turner Insurance assists beneficiaries with the claims process in English.

The named beneficiary contacts Generali with the death certificate and policy reference. Payout is made directly to the beneficiary, typically within a few weeks. The payment bypasses the normal Spanish inheritance process, which can otherwise take many months. Turner Insurance assists beneficiaries with all paperwork throughout the claim.

More questions? Contact us — free English-speaking advice: 966 461 625.

Life Insurance Lanzarote — Get a Free Quote

GENERALI LIFE INSURANCE · LANZAROTE · FREE ENGLISH ADVICE

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