By contracting life insurance you are ensuring the tranquility and well-being of your family. We advise you on the best life insurance in Tenerife and Las Palmas.
What is life insurance for?
Life insurance covers the death or total and permanent disability of the insured person, regardless of the cause. The policy pays the agreed-upon sum to the insured's beneficiaries in the event of death, or to the insured themselves if they are declared totally and permanently disabled. The aim is for the insured compensation to help mitigate the adverse effects that the death or disability of a family member can have on them. Our insurance brokers in Tenerife and Las Palmas can help you find the best life insurance policy tailored to your needs.
Is accidental death or disability covered by life insurance?
Life insurance policies allow you to add coverage for death or disability due to accident. In this case, the payout would be double the amount of the standard policy. It can even be tripled in the case of traffic accidents. Our life insurance advisors in Tenerife and Las Palmas will help you choose the coverage you need.
Is life insurance mandatory for a mortgage?
Life insurance is not legally required to obtain a mortgage, although banks often offer better mortgage terms if you also take out life insurance with them. We recommend you calculate the best options for your needs and seek advice from life insurance experts. Our insurance brokerage in Tenerife and Las Palmas can help you with your life insurance.
What does the life insurance contracted with the bank cover?
Life insurance policies taken out when you sign a mortgage with the bank, in most cases, only cover the mortgage payments. This means that if something were to happen to you, the bank would be protected and would collect the outstanding mortgage balance. However, in this situation, your family would be left unprotected. At Canarisk, we advise you on the coverage you need to ensure you have the best life insurance in Tenerife and Las Palmas.
How much does life insurance cost in the Canary Islands?
Life insurance premiums vary depending on many factors: age, personal circumstances and health status, coverage, and the amount of coverage you wish to obtain. At Canarisk, we analyze your circumstances and needs to offer you the best life insurance policies in the Canary Islands.
How long does it take to collect life insurance?
The processing of claims in life insurance is usually quick and simple, especially if the insurance is contracted with an insurance broker such as Canarisk. The really important thing you should know is that the beneficiaries of life insurance have a term of 5 years to collect the insured capital. After this time, the obligation of the insurer to compensate the beneficiaries expires.
What is the actuarial age?
Actuarial age is the age closest to your actual birthday, whether earlier or later, regardless of whether you've actually reached it. This age is used to calculate life insurance premiums. If you purchase your life insurance through our brokerage in the Canary Islands, you won't need to worry about this. We'll advise you and help you find the best policy tailored to your personal circumstances.
Is it mandatory to carry out a medical examination to take out life insurance in the Canary Islands?
A medical examination isn't always required to take out life insurance. This is usually only necessary when the coverage amount is very high, and it depends on the specific insurer. More often, insurers require you to complete a health questionnaire before signing up, which may even be a telephone questionnaire conducted by the insurer itself. In any case, our insurance brokers in Tenerife and Las Palmas will assist you throughout the entire process of taking out your life insurance policy in the Canary Islands.
