Vida amortización Plus

Life insurance for self-employed workers

Mortgage life insurance

It covers your personal loan or mortgage

What is Mortgage life insurance?

If you have been granted a personal loan, a credit or a mortgage, and you want to guarantee your payment if something happens to you, we offer Vida hipoteca Plus debt cancellation insurance. Thanks to this life insurance policy, we will cover whatever capital you have outstanding in the event of disability or death.

Benefits of this insurance

Set up the Mortgage life insurance you need, covering the amount of your loan and your family's needs in the same insurance policy.

Flexible and adapted

Our Mortgage life insurance is adapted both to the capital and the term of your loan, with the option of renewing annually until completion.

Convenient payment

Since you will be able to choose between several payment methods: from a single payment, to annual, half-yearly, quarterly or monthly bills.

Full protection

Because you will be able to cover the capital of the loan in the event of death, as well as permanent disability.

Vida amortización Plus

Mortgage life insurance cover

Vida Hipoteca guarantees the beneficiaries of the insured party the payment of the loan's outstanding capital in the event of the death of the latter.

We offer you the option to name the bank or financial institution that has granted you the loan or credit as the beneficiary, in order to cancel the debt.

Ways of taking out the insurance

In this format, the term will be one-year, with the option to renew annually until the end of the loan term or until the insured person turns 75 years of age.


The Vida amortización Plus insurance policy is intended for self-employed workers who have a personal loan or a mortgage, and who want to ensure that this debt is paid off in the event of death or disability, thus avoiding the economic hardship it could cause for their family.

Yes. In repayment insurance policies, it is normal for the beneficiary to be the bank or financial institution that provides the loan, so that it can use the capital to cancel the debt. Furthermore, Plus Ultra Seguros offers you the option to include an entailment clause in the policy if necessary.

We need to bear in mind that, in the case of death, our financial resources must cover both the needs of our family and the difference between Social Security provisions and our standard of living. 

In the case of disability, we would need to deal with a significant increase in expenses derived from home care, which, in addition to a reduction in income, would cause a significant reduction to our initial equity. 

In this case, it's beyond advisable to have a life insurance policy whose compensation can serve as a guarantee for maintaining our living standard in these scenarios. 

Public provisions offered by administrations cover the cases of orphanhood, widowhood and occupational disability. However, the calculation of these provisions are just a percentage of the regulatory base of the deceased or disabled person's salary. 

In this context, our relatives would be obliged to cover the difference between Social Security coverage and their living standard. Having life insurance seems like a more than reasonable solution when facing the difference in income caused by scenarios such as death or permanent and absolute disability.

Why take out your life insurance with Plus Ultra Seguros?


You choose the capital to be insured depending on the amount of your mortgage and the protection you want to offer your loved ones.


For less than you might think, you can obtain the security and protection you are looking for, with the very best terms.


All the protection you need, available to you, as easy as possible. We take care of everything.