Temporary Income

Ensure a monthly income

Temporary Income

What does Temporary income insurance offer?

Temporary income is a solution that guarantees you receive the monthly income agreed during the period of time covered under the contract. This income is received for the period of time stipulated under said contract, which will be for 3, 5 or 10 years, according to your needs.

Features of our Temporary income insurance

Main features

Our income insurance policies benefit from features that turn them into very attractive insurance solutions:

With Temporary income, the policyholder, the insured party and the beneficiary are all the same person
The income will be received monthly only
The period of time for receiving the income will be as stated in the insurance contract. You can choose 3, 5 or 10 years.
During the term of the contract, the policyholder will receive the monthly income stipulated. When the contract finishes, s/he will receive the single premium contributed when taking out the contract.
In the event of death, the named beneficiary will receive the payment of the capital established thus far.
It is possible to access the capital contributed one year after it was contributed. In the event of redemption, the capital will be equivalent to the market value of the assets, with the limit of the provision due to death.

Taxation of temporary income

DURATION OF THE INCOME	EXEMPTION PERCENTAGE
Up to 5 years	88%
Between 5 and 10 years	84%
Between 10 and 15 years	80%
More than 15 years	75%

One of the main benefits of temporary income insurance is its taxation. The income received is treated as income from capital and taxed under personal income tax (IRPF), while a percentage tax exemption will apply depending on the term chosen for the income.