What happens to the mortgage if I am not here tomorrow?

Who it is for

Four situations. If one of them sounds like you, ten minutes of our time is worth it.

• The mortgage runs for years and one salary carries it
• Your children are studying and still depend on you
• Your partner has no income of their own
• You are self-employed: if you stop, the income stops

There is something else here that you do not get back home: the house is in Spain and much of the family is not. When it comes to inheriting, that means paperwork, deadlines and inheritance tax. The capital reaches your beneficiaries as money, and funeral costs and Spanish inheritance and gift tax (ISD) are covered in every option.

What is covered

In every option

• Death
• Notarial will
• Funeral costs and inheritance tax (ISD)

Depending on the option, also

• Permanent total disability
• Disability from an accident
• Death from an accident and from a road accident
• Serious illness
• Orphan's benefit after an accident
• Second medical opinion and 24-hour medical guidance

Depending on the option chosen. We show you in writing what is in yours before you sign anything.

What it costs

You will not find a “from €9 a month” here, because there is no single price: it depends on your age, on the sum you choose, on your occupation and on your health. What we can show you is three real examples, taken from the Allianz rate calculator.

Three examples, same sum insured: €100,000. Annual premium, office occupation (type I), no loadings. You can see at a glance what age costs — and why it pays to look at this early.

• Básico

  • Age 35: €104.44 a year
  • Age 45: €198.89 a year
  • Age 55: €425.20 a year

• Óptimo

  • Age 35: €126.74 a year
  • Age 45: €276.48 a year
  • Age 55: €636.49 a year

• Ampliado

  • Age 35: €141.63 a year
  • Age 45: €330.03 a year
  • Age 55: €793.26 a year

• Extra

  • Age 35: €190.22 a year
  • Age 45: €339.95 a year
  • Age 55: €699.96 a year

• Profesional

  • Age 35: €181.10 a year
  • Age 45: €376.71 a year
  • Age 55: €812.57 a year

• Todo Riesgo

  • Age 35: €259.99 a year
  • Age 45: €448.38 a year
  • Age 55: €911.61 a year

The options are not sorted from cheapest to dearest — they cover different things. Extra costs less than Profesional at 35 and more at 55. Compare the cover, not just the figure.

These prices already include the 35 % CAP discount. They are not an offer: they are the calculation for one specific case. Yours may come out above or below, depending on your occupation, your exact age and what the health questions show.

We work it out with your age and your sum insured. It costs nothing and commits you to nothing. For the calculation we need your date of birth, your postcode and your occupation.

Calculated with the Allianz rate calculator, September 2026. Sum insured €100,000, annual premium, office occupation (type I), 35 % CAP discount included. Prices change; the one that counts is the one we calculate for you.

How it works

1. You call, message us on WhatsApp or come into the office. In English, Spanish or German.
2. We calculate the price for the sum you want and explain what each option covers and what it does not.
3. You decide. Allianz may ask health questions before accepting; we tell you beforehand what is needed in your case.

Why with us

• Office in San Eugenio Alto, Adeje. Monday to Thursday, 10:00 to 17:00. You can come in and sit down.
• We deal with you in English, Spanish and German.
• We are an exclusive Allianz agency. When there is a claim you handle it with us, not with a distant phone number.
• 4.8 out of 5 stars on Google, from 52 customer reviews (September 2026). See the reviews (opens in a new window)

Good to know

• You need to be resident in Spain for this insurance; we will ask for your NIE.
• You choose the beneficiaries, and you can change them later.
• Just want the short summary of the cover? That is on our life insurance page.
• Is the mortgage the reason? Then look at life insurance for the mortgage as well: there the sum insured falls as the debt falls.