SME Vida Libre Life Insurance
Protection for your company and your family
Full protection
Coverage for death and permanent total disability due to any cause.
Value-added services
Pharmacogenetics and partial inheritance tax self-assessment return.
Flexibility
Insured sum that can be tailored to your company's needs.
Optional coverage
That offers an insured sum of up to €60,000.
Life insurance tailored to SMEs and the self-employed
This life insurance has been especially conceived for the self-employed who have hired employees, small and medium-sized enterprises that wish to protect their partners, owners, directors or workforce, as well as for any companies seeking to offer their workers a differential additional benefit.
Smart estate planning
The insurance is kept apart from the estate, which allows you to freely choose who the beneficiaries will be.
Additional state pension protection
It supplements the widow's pension, thereby covering economic needs that this benefit cannot meet.
Continuity guarantee for your company
You can designate the company itself or a loan as the beneficiary, thus ensuring the business's management and future in the event of any eventuality.
Oncological right to be forgotten
It will not be necessary to declare a history of cancer in order to take out the insurance if more than five years have elapsed from the completion of treatment without any relapses.
Security in the event of unforeseen circumstances
Coverage for death and permanent total disability due to any cause, with double the insured sum in the event of accidents.
Strategic business protection
If the insured party is the owner, partner or director, they can designate the company or a loan as the beneficiary, thus ensuring the business's management and stability in the event of any unforeseen circumstance.
Unicaja card coverage
The insurance covers any outstanding balance on Unicaja cards up to €1,500 in the event of death.
Inheritance tax self-assessment return
A free service that allows beneficiaries to deal with inheritance tax in advance.
Pharmacogenetics service
A free genetic analysis that allows treatment of serious diseases like cancer, thrombosis, heart attacks or epilepsy to be personalised.
Optional coverage for serious diagnoses
Additional insured sum of up to €60,000 should the following be diagnosed:
- Breast cancer (women).
- Prostate cancer, acute myocardial infarction, strokes (men).
This insurance has been specifically conceived for small and medium-sized enterprises, as well as for the self-employed who have hired employees. It aims to protect key persons within the company, such as its owners, partners, directors or employees. It is not a collective insurance policy. It is therefore necessary to take out an individual policy for each insured party.
The policyholder may either be a legal person (the company) or a self-employed individual who has hired employees. The insured party, on the other hand, must be a natural person, who can be the owner, a partner, a director or an employee of the company. This differentiation allows the policy to be tailored to different business structures.
One of its main advantages is its flexibility, allowing the insured sum to be tailored to the company's needs. Moreover, it stands out for its approach to business continuity because it allows the company itself or a loan to be designated as the beneficiary, thereby ensuring operational stability in the event of the insured party's death.
The SME Vida Libre Life Insurance has not been conceived to replace collective agreement insurance policies or to outsource pension commitments. Its aim is to offer additional protection with more extensive coverage and value-added services. It is a way of supplementing existing working conditions and providing an extra benefit that may be highly valued by employees.
This insurance may be used as a flexible compensation tool, offering employees an additional benefit without the need to increase their salary. More and more workers are appreciating these kinds of benefits, which provide security and peace of mind to both them and their families. It additionally allows for estate planning, since the insured party can freely designate the beneficiaries.
When a company takes out the SME Vida Libre Life Insurance as the policyholder and designates as the insured party one of its employees, owners, partners or directors, it is deemed an annual renewable term (ART) insurance. In this case, the premium the company pays each year must be taxed as the employee's work income. This means that the premium amount is deemed as earnings in kind and must therefore be reflected in the insured party's income tax return.
In the event of death or permanent total disability, the insured sum is paid out to the designated beneficiary. If the claim is due to an accident, double the amount of the insured sum is paid out.
Insurance taken out with Unicorp Vida through Unicaja Mediación, S.L.U., a related banking-insurance operator, duly registered at the Special Administrative Registry of Insurance Brokers held 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 view the insurance companies with which Unicaja Mediación, S.L.U. has entered into agreements: www.unicajabanco.es/seguros
Coverage according to the General and Specific Terms and Conditions of the policies. This insurance's premiums and benefits are subject to prevailing tax legislation.
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).