Santalucía Launches New Annuity Insurance with Guaranteed 4% Interest

MADRID, 13 Nov. (EUROPA PRESS) –

Santalucía has launched a new type of its annuity insurance that offers a guaranteed technical interest of 4% for all clients who can contract the product, those between 60 and 85 years old.

The insurance is contracted through a single premium contribution whose amount may not be less than 30,000 euros nor more than 500,000. The insured will receive a “constant, monthly and immediate” income until his death.

Santalucía has given the example that a person who takes out the insurance will receive a gross monthly income of 1,000 euros throughout their life.

At the time of the death of the insured, the beneficiary or designated beneficiaries will receive a capital that will coincide with the single premium contributed if it occurs in the first 12 months and will decrease by 5% each year, without in any case being less than 50 %.

Those interested in contracting this product can use it to reinvest, totally or partially, the amount obtained from the sale of assets and benefit from the personal income tax exemption of the capital gains generated. In this case, the single premium cannot exceed 240,000 euros, which is the current legal limit.