Life cover in Spain

Posted: Tue May 28, 2019 10:03am

2 replies44 views2 members subscribed

Joy1959

Posts: 6

Joined: 14 Feb 2019

Morning, we have sold our property in the UK, and purchase a Villa in Benimar. We had life cover with our mortgage which has now ended as we have no mortgage. We are looking for life cover . ( for over 60) We are moving to Spain in June. Can anyone recommend a company for us. Thank you

Joy & Steve

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Posted: Tue May 28, 2019 12:49pm

John56

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Posts: 2995

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Location: La Zenia

Joined: 7 Jul 2016

Posted: Tue May 28, 2019 12:49pm

Joy1959 wrote on Tue May 28, 2019 10:03am:
Morning, we have sold our property in the UK, and purchase a Villa in Benimar. We had life cover with our mortgage which has now ended as we have no mortgage. We are looking for life cover . ( for over 60) We are moving to Spain in June. Can anyone recommend a company for us. Thank you
Joy & Steve...

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I would recommend Right Move Insurance in La Zenia

https://rightmoveinsurance.com/

Posted: Tue May 28, 2019 1:33pm

Alba102

Posts: 50

48 helpful points

Location: Formentera Del Segura

Joined: 2 Sep 2016

Posted: Tue May 28, 2019 1:33pm

Hi Joy and Steve,

Broadly speaking.

If you cancelled your life assurance within the last 30 days, you should be able to resurrect this policy. Just notify the life company and reinstate your direct debit payments. Most life offices allow 30 days grace from cancelling your plan.

Although you had "mortgage" life assurance, the plan can be utilised as a separate entity, ( it reverts to a normal life policy).

Although you are moving to Spain, the original policy was offered to you on your circumstances when the plan commenced, as a result there Is NO requirement to notify a change in circumstance. Unlike car insurance or buildings/contents insurance.

If you require a new plan, it could prove to be more expensive due to your age and/or any health problems to which either of you may have sucummbed in the intervening period between the inception of your original policy and a new one.

Hope there is not too much insurance speak.

PS. I was a mortgage/ life assurance consultant in UK from 1987 till 2015.

Hope this helps.