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Decreasing on Decease Capital Annuity

Your quality of life today, tomorrow and always

Sometimes the best approach is to think about yourself. Decreasing on decease capital life annuity allows you to turn all your invested savings into a stable and constant income for the rest of your life.

Renta vitalicia decreciente

A fixed income for your entire life.

Enjoy a higher income

The income received is higher than with other life annuities because you can use all the capital invested.

From €30,000

The minimum amount is €30,000 as a one-time investment (premium) without any additional contributions.

Available from age 55

You can take out a decreasing capital annuity if you over 55 but under 85.

You choose how you receive the annuity

You can opt for a monthly, quarterly, half-yearly or annual income.

Optimal fiscal treatment

Up to 92% tax exemption, depending on the age of the annuity.

Also for your family

Since this is a life-savings insurance policy, if you die then the people you choose would receive the amount that had not been used as income.

See Conditions Conditions


You can take out the product from 55 years up to 85.


The minimum amount is €30,000 in a one-time premium without any further contributions.


You can choose from the following annuity payment options: monthly, quarterly, half-yearly or annually. The start date will depend on the frequency chosen. For example, in the case of monthly payments, the first income will be received the month following its arrangement.

Insurance duration

As it is a life unit-linked insurance policy, it does not have a set duration. The income is maintained over the whole life of the insured party as long as the product is maintained.

Taxation of income received

The amounts received in the form of income will be considered as income from movable capital and the tax rate will depend on the policyholder’s age at the time the policy is taken out:

Age when constituting the income
% of income exempt from taxation
% of income considered capital gains
Over 70 years old
Between 66 and 69 years
Between 60 and 65 years
Between 50 and 59 years
Between 40 and 49 years
Under 40 years old

Insurance policy beneficiaries

As this is life-savings insurance, you can specify the beneficiaries. This will help you to plan and manage the inheritance of your financial assets.


What happens when the policyholder or beneficiary of the income dies?

The difference between the premium initially paid and the gross income received shall be paid to the designated beneficiaries.

Can I redeem this type of life annuity?

The ideal scenario is not to have to redeem the product, since its purpose is for life. It can be redeemed from the first year but this may mean recovering an amount less than that initially contributed, in addition to having to repay the Tax Agency all the income that would have been tax-exempt.

If redeemed, the receivable amount would be the lesser of:

  • 99% of the death capital in force at the time of the redemption.
  • The realisable market value of the assets subject to the policy at the time of redemption: the insurance company will invest the premium in fixed income products, mainly debt issued by governments and other public institutions in the Euro Zone, as well as private fixed-income assets from issuers in the Euro Zone. In the event of redemption, a divestment will be necessary, transferring the amount of this to the customer if it is less than the initial value.

Can I make additional contributions after contracting an annuity?

Life annuities do not allow you to make additional contributions to the initial premium, but you can open another life annuity.

Can I change the frequency of benefits once I am receiving them?

No, it is not possible to change the frequency of the benefits once the life annuity has been set up.

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