Life Insurance in Marbella
Protect your loved ones, whatever happens. We explain what each policy covers, how it works and how much it costs — and we compare insurers so you choose with no bank tie-ins.
Who is this insurance for?
Families and people with dependants
If someone depends on you, life insurance helps keep everything in place: home, education, expenses and stability.
- Peace of mind for your family
- Protection against the unexpected
Mortgage and financial commitments
For those who want to make sure their mortgage or loans are covered if something happens.
- Sum insured matched to your debt
- Freedom to choose your insurer
Self-employed and main earners
If your income is the foundation of your home or business, this protection brings stability when it matters most.
- Financial protection for your loved ones
- Advice to choose well
Cover
What does life insurance cover?
Life insurance primarily covers the death of the insured, paying an agreed sum to the named beneficiaries. Depending on the policy, it may also include total permanent disability, critical illness or the outstanding balance of a mortgage.
Death benefit
The main cover. If the insured dies while the policy is in force, the insurer pays the agreed sum to the beneficiaries. It covers death from any cause except the exclusions stated in the policy.
Total permanent disability
Covers the situation where the insured is totally and permanently unable to work in any capacity. In this case the insurer pays the agreed sum while the insured is still alive, without waiting for death.
Mortgage protection
The sum insured decreases gradually in line with the mortgage repayment schedule. If the insured dies or becomes disabled, the insurer pays off the outstanding mortgage balance directly to the bank.
Critical illness (optional)
Some policies include or allow you to add cover for critical illness diagnosis such as cancer, heart attack or stroke. A lump sum is paid on diagnosis, regardless of whether the insured subsequently dies.
Three ways to structure
your family's protection
Constant sum insured
The sum insured does not change. Ideal for protecting your family with a fixed amount regardless of the mortgage.
Decreasing sum insured
The sum insured decreases as the loan is paid off. The most efficient way to cover a mortgage.
Index-linked sum insured
The sum insured rises each year in line with inflation. It protects purchasing power over the long term.
From basic protection
to complete cover
Basic
Essential protection for those with family or financial responsibilities.
- Death benefit (natural causes or accident)
- Sum insured chosen by you
- Management and support
- Renewable term
With extra cover
Greater peace of mind with cover that complements the main benefit.
- Everything in the Basic plan
- Double benefit for accidental death
- Triple benefit for a road traffic accident
- Critical illness (optional)
- Funeral expenses included
- Online will included
Life + Disability
Complete protection. Covers both death and loss of income through disability.
- Everything in the With extra cover plan
- Total permanent disability
- Disability for your usual occupation
- Advance payment for terminal illness
Work out your premium
in 10 seconds
How much would it cost to protect your loved ones?
Real rates as of June 2026. No personal details, no obligation.
Your premium with Segurmar
—/year
That's —/month
This combination of age and sum insured is not available as a rate. Contact us and we'll calculate it for you.
Ask on WhatsAppWith — per year you could insure approximately
—
you protect your family — that's —/month
Indicative figure based on our usual rates. The exact sum insured depends on the health questionnaire and the insurer.
The nearest guaranteed band is — for —/year
Talk to an adviserThis is the highest sum insured in the calculator. Do you need more than —? Contact us and we'll look into it with no obligation.
Message us on WhatsAppLooking for a different sum insured? Contact us for a personalised quote.
With that premium we can't yet reach 50.000 €. Contact us and we'll find the best option.
Message us on WhatsApp*The premium may vary when the personalised quote is prepared due to various factors affecting the pricing. Contact us for more information.
The most common questions about life insurance
For more on cover, types and taxation, we have a full guide.
Read the full guideYou are not obliged to take it out with the same bank. You can use any company that meets the loan requirements. We find you a better option.
It depends on your income, dependants, outstanding debts and available savings. There is no standard figure. We help you work it out based on your real situation.
It depends on how they were declared in the health questionnaire. If they were reported correctly when taking out the policy, the cover will be defined in the policy. That is why it is essential to answer honestly, although an honest mistake does not automatically leave you without cover. A separate case: cancer history after five years.
Yes, in most policies the policyholder can change the designation at any time, except in the case of an irrevocable assignment. It is advisable to review it after changes in your family situation.
Life insurance primarily covers the death of the insured during the policy period, paying the agreed sum to the beneficiaries. Depending on the type of policy, it may also cover total permanent disability, critical illness and the outstanding balance of a mortgage. What it does not cover includes suicide in the first year, undeclared high-risk activities and pre-existing conditions not disclosed at the time of contracting.
When you take out life insurance, you choose a sum insured and name one or more beneficiaries. You pay a regular premium (annual, half-yearly or monthly) for the duration of the policy. If you die while the policy is in force, the insurer pays the capital to the beneficiaries. If you reach the end of the policy term alive, the policy ends without a refund (for pure risk policies) or with a surrender value (for savings-linked policies).
It is not legally compulsory, but most banks require it as a condition for granting a mortgage. What you are entitled to do is not take it out with the bank and choose your insurer freely. At Segurmar we compare independent options that are usually cheaper than bank-linked policies, with the same or better cover.
The price depends mainly on age, the sum insured, the type of cover (death only or with disability) and the health declared. As a guide, death-only cover of €150,000 for a 35-year-old can cost between €150 and €300 per year. Use our calculator for a personalised estimate.
Do you have a bank-linked life insurance policy?
We can find the same cover for less. We analyse your current policy for free.