This cover allows you to leave an insured capital sum to the beneficiaries of your choice so that, in the event of your death, they can receive it in the form they wish: either as a capital sum or as an annuity.
Do you want to know if you are eligible to become a member of Mutualidad?
The Alternative Professional Plan is associated with a basic death benefit, which is automatically included at the time of contracting.
| Basic capital for death |
|---|
| This is the accumulated balance of the mutualist at the time of death, a percentage thereof but not exceeding 10,000 EUR. |
The applicable percentage is:
|
Beyond the minimum cover included in your Plan Universal de la Abogacía, as a member you can increase the sum insured in the event of death…
You can hire the Flexible Savings Plan, exclusively with death coverage. In this way, and when the time comes to collect the benefit, the people designated as beneficiaries would obtain a more favorable tax treatment than in other Savings Plans.
In addition, the benefit would be taxed by the Inheritance and Donations Tax. On the other hand, contracted in the Autonomous Alternative Plan or PPA Mutualidad, the benefit would be considered work performance, and would be taxed by Personal Income Tax (IRPF), which has a higher tax burden.
The premium depends on the capital subscribed and is adapted to your age each year.
How do you pay for it? You decide the payment term: annually or in instalments (half-yearly, quarterly or monthly), without surcharges.
| Initial monthly premiums* of the additional capital paid on death ¹ | |
|---|---|
| Age² | For every 10.000 euros of sum insured |
| 20 years | 0.27 |
| 25 years | 0.30 |
| 30 years | 0.28 |
| 35 years | 0.35 |
| 40 years | 0.59 |
| 45 years | 1.20 |
| 50 years | 2.49 |
| 55 years | 3.90 |
| 60 years | 5.77 |
| 64 years | 7.88 |
| ¹ Premiums are increased by the Consortium’s surcharge. ² Age is considered to be the age closest to 1 January. * Fees expressed in euro. | |
The taxation of premiums and benefits corresponding to this coverage is treated differently depending on the system in which it is included.
| Taxation of premiums | Taxation of benefits |
|---|---|
| premiums reduce the taxable income for personal income tax purposes up to the annual contribution limits for pension plans in accordance with current legislation. In addition, when Mutualidad is used as an alternative to the Self-Employed Persons’ Scheme, it is considered as a deductible expense of the professional activity | The benefits will be considered as income from work for the beneficiary, at the time of their receipt, whether he/she decides to receive them in the form of income, in the form of capital or in a mixed form. Benefits received in the form of capital will benefit from a 40% reduction provided that they are derived from contributions made up to 31/12/2006. |
All of Plan Universal de la Abogacía schemes have a basic death coverage which is automatically taken out when you join.
To be self-employed
*First year minimum contributions for new registrations
** System included in the Plan Universal de la Abogacía
PPA Mutualidad Your pension supplement
* System included in the Plan Universal de la Abogacía
PIAS Mutualidad Save with tax benefits
* System included in the Plan Universal de la Abogacía
Flexible Savings Plan Save with Tax Benefits
PIAS system included in the Universal Legal Professionals’ Plan.
No, Mutualidad de la Abogacía is exempt from sending this information, according to Law 20/2005 of 14 November on the creation of the Register of Insurance Contracts for death cover.
Accessing the private area of the website with the access codes, the first screen you reach shows a breakdown of the different Plans contracted and in each one of them the corresponding coverage.
Death benefits may be received by the beneficiaries in the form chosen by them from among the following:
Death cover under the Plan Universal de la Abogacía covers death from any cause, whether accidental or natural.
Do you want to find out more? Contact us by phone or by email at sam@mutualidad.com.
If you prefer, we will call you. A sales manager will contact you. We will be happy to help you with your questions!