Life annuity

Excellent taxation for your money

Life annuity

What does Life annuity insurance offer you?

Life annuity is an insurance that lets you maximise the returns on your savings. By making a single contribution, you insure the receipt of the income agreed upon throughout your life.

Main features of our Life annuity insurance

Main features

The policy holder, the insured person and the beneficiary are the same person
The receipt of the income, in any case, will be monthly
There are two categories to choose from for receiving the life annuity:

Constant or increasing at 3%: depending on whether you would prefer a constant income throughout your life, or whether you would like it to increase from year to year
With reversion* (25% to 100%) or without reversion: in the case of 'with reversion', the beneficiary indicated in the insurance contract will receive the contracted percentage in the event of the insured person's death.

*Reversion consists in the receipt of the income by another person, in the event of the insured person's death.

Taxation of life annuity insurance

AGE	EXEMPTION PERCENTAGE
Under 40 years old	60%
Between 40 and 49 years old	65%
Between 50 and 59 years old	72%
Between 60 and 65 years old	76%
Between 66 and 69 years old	80%
70 years old or more	92%

Life annuities have considerable tax benefits since the tax burden on the money received is reduced. The exemption depends on the age of the insured party when taking out the policy.