Types
You can choose between four different types of annuity based on the assets your beneficiaries acquire following death: Unirentas Capital, Unirentas Patrimonio 50, Unirentas Mixed and Unirentas Life Pension.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- Low risk
- High risk
The summary risk indicator is a risk level guide of this product as compared to other products. It shows the probabilities of the product losing money due to the evolution of the markets or because it might not be possible to provide the service agreed.
UNIRENTAS CAPITAL: The risk indicator assumes that you will keep the product for 18 years. The actual risk may vary considerably in the event of early redemption, so you might recover less money. It has a risk level 3.
UNIRENTAS PATRIMONIO 50: The risk indicator assumes that you will keep the product for 21 years. The actual risk may vary considerably in the event of early redemption, so you might recover less money. It has a risk level 3.
UNIRENTAS MIXED: The risk indicator assumes that you will keep the product for 17 years. The actual risk may vary considerably in the event of early redemption, so you might recover less money. It has a risk level 1.
Life annuity
Receive a lifelong income from a one-time contribution
Peace of mind
Receive a constant periodic annuity for the rest of your life if you are over 60 years of age.
Inheritance Planning
Allows you to decide how to bequeath part of your estate to your beneficiaries.
Fast and easy processing
No health surveys or medical exams.
Guaranteed interest rate¹
For all available types of life annuity.
Immediacy*
Once you pay the initial single premium contribution, you begin to receive the income from the first month, with no surprises or variations in the amount, regardless of market conditions.
With Unirentas Capital, receive your life annuity with a guaranteed interest rate1 from an initial contribution as low as €20,000.
In the event of death, the designated beneficiaries on the policy will receive an additional sum that is 1% of the initial, one-time premium.
Download the key information document using the following link: Unirentas capital Unicorp Vida.
The Unirentas Patrimonio 50 insurance provides you a lifelong annuity at a guaranteed interest rate1 based on an initial contribution from € 20,000.
In the event of death, the beneficiaries assigned in the policy shall receive a capital 1 that will gradually decrease each year by 5 % of the initial sole premium, until reaching the last 50 % of that premium.
The following link allows you to download the document with the fundamental data Patrimonio 50 Unicorp Vida.
With Unirentas Mixed, receive your life annuity with a guaranteed rate of return1 from an initial contribution as low as €20,000.
In the event of death, the designated beneficiaries on the policy will receive a sum 1 that will decrease by 20% of the initial one-time premium every 5 years, until reaching the last 20% of such premium.
Download the key information document using the following link: Unirentas mixto Unicorp Vida.
With Unirentas Life Annuity, receive your life annuity with a guaranteed rate of return1 from an initial contribution as low as €20,000.
No surrendering and no additional allowance in the event of death.
For all types, the percentage of la renta sujeto a tributación** que se considerará rendimiento de capital mobiliario será el resultado de aplicar a cada anualidad los porcentajes siguientes:
- 60 to 65 years of age: 24% of income subject to withholding tax.
- 66 to 69 years of age: 20% of income subject to withholding tax.
- From 70 years of age: 8% of income subject to withholding tax.
Life annuities allow one to receive a constant monthly income for life until death based on the cumulative savings invested. This means that this commitment made by Unicorp Vida never runs out, though the sum of the amounts received may at some point in time exceed the capital initially invested.
The minimum amount to invest is €20,000 and at most 25% of the current issue may be subscribed.
Yes, you can. There is no limit whatsoever on the number of life annuities you can subscribe.
At Unicaja you can subscribe a life annuity as from the age of 60 up to the age of 85 (except in the case of the Unirentas Life Annuity, the maximum subscription age of which is 80 years).
Life annuities are designed to be permanent. They should therefore be the least liquid part of the customer's financial planning. However, all the life annuities we offer can be redeemed, with the exception of the Unirentas Lifelong Pension (Unirentas Pensión Vitalicia) option. In spite of this, it is not advisable to do so due to the tax and asset-related impact it could have. This is due to the fact that the insured party would have to pay back all the tax exemptions applied and the policy's value could turn out to be less than the premium invested in it.
A life annuity provides a three-fold tax advantage:
Depending on the customer's age at the time it is subscribed, he/she will benefit from a tax exemption for life:
- As from 70 years of age, 92% of the income is exempted from taxation and 8% of the income is subject to an effective tax rate of 1.52%.
- Between the ages of 66 and 69, 80% of the income is exempted from taxation and 20% of the income is subject to an effective tax rate of 3.8%.
- Between the ages of 60 and 65, 76% of the income is exempted from taxation and 24% of the income is subject to an effective tax rate of 4.56%.
Furthermore, for people over the age of 65 with capital gains from property sales, the Law provides that they are exempted from taxation if a life annuity is subscribed for the entire amount received within a time limit of six months after the transaction (solely applies to decreasing incomes up to a maximum amount of €240,000). The two product types included in our catalogue that may be used for this purpose are Unirentas Patrimonio 50 and Unirentas Life Annuity.
In the event of the policyholder-annuitant's death, his/her beneficiary or heir must pay Inheritance and Donations Tax, without detriment to any allowances and rebates which might apply based on the Regional Authority of the deceased's domicile.
All products (except the Unirentas Life Annuity) assign capital to the beneficiaries or heirs. The terms and conditions will vary depending on the type of annuity and the time during which it has been received, but a minimum amount of between 20% and 50% of the premium invested will always be guaranteed.
Our current life annuity in Spanish government debt or that of other European Union member states, therefore the risk assumed by the insured is minimal.
Life annuity allow you to gradually draw down your savings over the course of your lifetime. This makes it easier to manage your assets and ensures that your family's fixed expenses are always covered. It also allows you to properly manage your family's inheritance.
You are about to buy a complex product that may be difficult to understand. The Unirentas Asset 50 (Unirentas Patrimonio 50), Unirentas Mixed (Unirentas Mixto) and Unirentas Capital insurance policies are linked to financial structures (government debt), the investment risk of which is entirely and solely borne by the Policyholder, who in this case assumes a certain level of risk depending on the product chosen and the recommended investment holding period. Thus, in the event of the policy's redemption, the Policyholder entirely assumes the investment risk. This insurance is not aimed at nor does it promote sustainable characteristics (Articles 8 and 9 of Regulation (EU) 2019/2088).
Insurance taken out with Unicorp Vida Cia. de Seguros y Reaseguros S.A. through Unicaja Mediación, S.L.U., a related banking-insurance operator, duly registered at the Special Administrative Registry of Insurance Brokers kept by the Directorate-General of Insurance and Pension Funds (Registration No. OV-0010), acting through the Unicaja Banco, S.A. network. Third-party liability insurance taken out according to prevailing legislation. You can query the insurance companies Unicaja Mediación, S.L.U. has entered into agency agreements with at www.unicajabanco.es/seguros
(1) The insurance company does not guarantee any rate of return in the event of insolvency of the Spanish State (Central Government, Autonomous Communities and/or endorsed public bodies) or of other member States of the European Union as stated in the general conditions.
(2) It is not advisable to invest in this product if you intend to surrender it. Doing so may result in relevant losses with respect to the initial investment. Unirentas Life Annuity does not allow surrenders.
(*) Insurance may be taken out until the 25th day of the current month and you will begin to receive income at the end of the same month.
(**) Based on the tax legislation in force. Future modifications of this tax legislation may change this feature.
Can we help you?
You can also contact the Bank by calling at 952 60 67 67 or through the contact form.
The telephone service hours are Monday to Saturday from 8:00 a.m. to 10:00 p.m. (except national holidays).