Bought a home in Spain with a mortgage, or have family who depend on your income? Allianz Vida Riesgo Plus pays a lump sum to the people you choose if you die, and pays you directly in case of permanent disability or serious illness. We arrange it in English and help your family with every step if they ever need to claim.
Allianz Vida Riesgo Plus pays a lump sum to the people you choose, and pays you directly in case of permanent disability or serious illness. Arranged in English by your local agent.
Death benefit, online notarial will, funeral costs and inheritance tax (ISD)
Family support
Orphan's benefit after an accident and critical illness
Accidental death
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Death in a road accident
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Absolute permanent disability
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Accidental disability
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Disability from a road accident
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Serious illness
Serious illness, second medical opinion and 24-hour medical advice
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Total professional disability
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Included— Not included
Guide table based on the official Allianz life insurance brochure (ref. 232 0526, May 2026). Cover, sums insured, limits and exclusions depend on the terms of your policy.
What’s covered
Financial protection for your family, in Spain and back home
Financial protection for your family, in Spain and back home
Nobody likes to think about the worst, but leaving your partner with a Spanish mortgage, or your children without an income, isn’t an option. Allianz Vida Riesgo Plus pays a guaranteed lump sum if you die, and it’s also insurance for living: it pays you directly if you suffer a permanent disability or a serious illness, so you can adapt your home or pay for treatment without financial strain.
Nobody likes to think about the worst, but leaving your partner with a Spanish mortgage, or your children without an income, isn’t an option. Allianz Vida Riesgo Plus pays a guaranteed lump sum if you die, and it’s also insurance for living: it pays you directly if you suffer a permanent disability or a serious illness, so you can adapt your home or pay for treatment without financial strain.
Tell us a few details about you and what you’d like to protect, such as a mortgage, your family’s income or your children’s education, and an agent will prepare your options, in English.
FAQs
Life insurance in Spain: frequently asked questions
Yes. Spanish mortgage law (Law 5/2019) does not allow banks to force you to buy their own insurance. You can take out Allianz life insurance through us and name the bank as beneficiary for the outstanding loan; if you already have the bank's policy, you can usually cancel it at renewal. We check the conditions your bank requires so the switch is accepted.
Yes. Your nationality doesn't matter: what counts is that you live in Spain. You'll need your passport or residence card and your NIE, and we handle the application with you in English.
Yes. For beneficiaries, a life insurance payout in Spain is subject to inheritance tax (Impuesto de Sucesiones), not income tax. In the Region of Murcia, spouses, children and parents currently benefit from a 99% relief, while other beneficiaries pay more. Beneficiaries who live outside Spain may also have obligations in their own country, so check your case with a tax adviser.
It advances your insured capital while you're alive if you're diagnosed with a serious illness, so you can focus on your treatment. It covers conditions such as cancer, heart attack, stroke, chronic kidney failure, major organ transplants and cardiovascular surgery. The full list is set out in your policy conditions.
Standard life insurance only pays for absolute disability, when you can't do any job at all. Total professional disability, included in the Professional plan, pays the full capital if an accident or illness stops you from doing your own profession, which is essential if you're self-employed.
Yes. Beneficiaries don't have to live in Spain. We guide them through the claim in English: the death certificate, the Spanish register of life insurance contracts and, if documents come from another country, any translations or apostilles needed.
Yes, on the higher plans. If death or disability is caused by a road accident, your beneficiaries receive double or triple the base capital, depending on the plan.
Yes. It includes a legal service to help you draft your will and Allianz pays the notary's fees at the notary of your choice. For expats with property in Spain, a Spanish will for Spanish assets is one of the best ways to make things easier for your heirs.
Yes, as many times as you like and at no cost, with a simple signed document. It's useful if you marry, divorce, pay off your mortgage or want the money to go to your children instead.
Often, yes. Before signing you complete a health questionnaire, and it's essential to answer it honestly. Allianz's medical team reviews any pre-existing condition confidentially, and many minor conditions are accepted without problems.
AMB Seguros is an exclusive Allianz agency in Murcia specialising in life insurance for expats and international families: mortgage life cover, protection for your family’s income and help with Spanish inheritance paperwork, with advice in English across Spain.
