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  • 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 15 years. The actual risk may vary considerably in the event of early redemption, so you might recover less money.

UNIRENTAS PATRIMONIO 50 Y UNIRENTAS MIXED: 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.

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 rate (1)

For all available types of life annuity.(2)

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CHOOSE THE ANNUITY THAT BEST SUITS YOUR NEEDS

Types

You can choose between three different types of annuity based on the assets your beneficiaries acquire following death: Unirentas Patrimonio 50, Unirentas Mixed and Unirentas Life Pension.

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 according to market conditions.

Contracting process

To apply for  savings insurance Life Annuity, you can come to  any of our Unicaja Banco branches, where we will be delighted to attend you.

 

If you prefer, you can also apply for the savings insurance  Life Annuity by filling out the application form and indicating at which branch you would like it to be processed. We will contact you shortly.

 

Remember that if you have any questions or queries, you can call our customer service team: +34 952 07 62 63.

Financial and tax returns

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 taxation.
  • 66 to 69 years of age: 20% of income subject to taxation.
  • Over 70 years of age: 8% of income subject to taxation.

life annuity types

The insurance policy Unirentas Patrimonio 50 and Unirentas Mixto allows for a complete surrender (3) of the policy if needed. The amount surrendered will be the lesser of the following values: single premium, mathematical provision, market value of the related investments or death benefit. In any event, this amount will carry a corresponding withheld amount for the purposes of the Personal Income Tax (IRPF).

With Unirentas Capital, receive your life annuity with a guaranteed interest rate(1) 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 rate (1) 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:

Unirentas Patrimonio 50 Unicorp Vida

With Unirentas Mixed, receive your life annuity with a guaranteed rate of return (1) 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 Mixed Unicorp Vida

With Unirentas Life Annuity, receive your life annuity with a guaranteed rate of return(1) from an initial contribution as low as €20,000.

 

No surrendering and no additional allowance in the event of death.

Frequently asked questions about life annuity

What is the main advantage of a life annuity?

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 Unicaja Banco never runs out, though the sum of the amounts received may at some point in time exceed the capital initially invested.

How much can I invest in a life annuity?

The minimum amount to invest is €20,000 and at most 25% of the current issue may be subscribed.

Can I subscribe more than one life annuity?

Yes, you can. There is no limit whatsoever on the number of life annuities you can subscribe.

As from what age can I subscribe a life annuity?

At Unicaja Banco 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).

Can I redeem the life annuity when I need it?

Life annuities are clearly geared at permanence. They should therefore constitute the least liquid amount within a customer's financial planning framework. Nevertheless, all the life annuities we offer have a redemption option, except for the Unirentas Life Annuity product type. In any case, we do not recommend opting for this possibility due the tax burden and the impact on assets such a decision could have, since it would oblige the insured party to pay back all the tax exemptions applied and the policy's valuation might turn out to be less the premium invested.

What tax allowance does it enjoy?

A life annuity provides a three-fold tax advantage:

  1. 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%.
  2. 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.
  3. 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.

What happens to my life annuity upon my death?

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.

What does the life annuity invest in?

The life annuities we currently offer invest in Spanish Government Debt. The risk assumed by the insured party is therefore minimal.

Why should I subscribe a life annuity?

Life annuities allow one to slowly draw down the capital saved over the course of a lifetime, thereby allowing for easy administration of one's assets. It is the ideal way of covering a family unit's fixed expenses with the peace of mind of knowing they will always be covered. Moreover, they allow a family inheritance to be properly managed.

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