Go to main content
Main
  • People
  • Self-employed professionals and businesses
  • Access Access Access
    Access Access Access
  • Become a customer
  • Menu
    Close
Click enter
Suggestions
    Products
    Home
    • Accounts
      See all accounts
      Online Account for minors
      • Direct deposit paycheck
      • Switch to BBVA
    • Cards
      See all the cards
      Credit cards Debit cards Pre-paid cards
      • We help you choose your card
    • Mortgages
      See all mortgages
      Hipoteca Joven Bring your mortgage
      • Mortgage calculator
      • Mortgage switching calculator
      • Mortgage revision calculator
      • BBVA Valora
    • Loans
      See all loans
      Personal Online Loan
      • Loan Simulator
      • Car loan calculator
      • Loan calculator homeowners' associations
    • Insurance
      See all our insurance policies
      Health insurance Car insurance products Home insurance Life insurance products Travel insurance Motorcycle Insurance
      • Group your insurance policies together
    • Pension plans
      See all pension plans
      Pension Plans Basque Country
      • Pension plan finder
      • Pension plan simulator
      • Tax Relief Calculator
      • Personal income tax deductions
      • Transfer pension plan
    • Mutual funds
    • Deposits
    • Investment portfolios
    • Savings insurance
    • Stock exchange and markets
      Stock exchange and markets
      Investing and trading shares, ETFs and more
    • Cryptoassets
    • Energy space
      See all solutions
      Energy saving Vehicles Owner's associations
    • BBVA Autorenting
    • Private Banking
    Branches and ATMs

    Promotions and offers

    Try out BBVA without being a customer

    Discover the BBVA app

    Individuals Self-employed people and companies
    • Home
    • Accounts
      See all accounts
      Online Account for minors
      • Direct deposit paycheck
      • Switch to BBVA
    • Cards
      See all the cards
      Credit cards Debit cards Pre-paid cards
      • We help you choose your card
    • Mortgages
      See all mortgages
      Hipoteca Joven Bring your mortgage
      • Mortgage calculator
      • Mortgage switching calculator
      • Mortgage revision calculator
      • BBVA Valora
    • Loans
      See all loans
      Personal Online Loan
      • Loan Simulator
      • Car loan calculator
      • Loan calculator homeowners' associations
    • Insurance
      See all our insurance policies
      Health insurance Car insurance products Home insurance Life insurance products Travel insurance Motorcycle Insurance
      • Group your insurance policies together
    • Pension plans
      See all pension plans
      Pension Plans Basque Country
      • Pension plan finder
      • Pension plan simulator
      • Tax Relief Calculator
      • Personal income tax deductions
      • Transfer pension plan
    • Mutual funds
    • Deposits
    • Investment portfolios
    • Savings insurance
    • Stock exchange and markets
      Stock exchange and markets
      Investing and trading shares, ETFs and more
    • Cryptoassets
    • Energy space
      See all solutions
      Energy saving Vehicles Owner's associations
    • BBVA Autorenting
    • Private Banking
    Click enter
    Suggestions

      Experiences

      • Bank Moving Service

        Switch to BBVA and we'll handle all the paperwork for you.

      • Solar panel calculator

        Calculate your savings with solar panels in your home.

      • Sections: if I don't see it, I don't spend it

        Put away money from your main account and save easily.

      • Try out BBVA without being a customer

        Discover the features of the BBVA app without opening an account.

      • Bizum

        Send and receive money from your phone instantly. As easy as sending a message.

      • Mobile payment

        Leave your wallet at home and pay for everything with your cell phone.

      Want to try the BBVA app without being a customer?

      You can add all your banks, make an appointment to speak to an agent, calculate the value of a house and do other day-to-day business. Without being a customer and without commitment. Register in two steps and get to know us little by little.
      More information
      Branches and ATMs
      Promotions and offers
      Try out BBVA without being a customer
      Discover the BBVA app
      Become a customer
      ADVERTISING
      MM/DD/YYYY
      RISK LEVEL
      1/6

      This number indicates the product risk, with 1/6 representing the lowest risk and 6/6 representing the highest risk.

      BBVA Guaranteed Benefit Plan Annuity

      Life and savings insurance that guarantees a monthly life annuity

      In the event of the insured party's death, the beneficiaries will receive the contribution amount plus an extra amount.
      • Based on a single initial contribution.
      • You will receive a monthly income for life.
      • You can designate the beneficiaries you wish, in the event of death.
      • Check its tax advantages.

      For whom is it intended?


      • All people between 60 and 85 years of age who are retired, who have an account with BBVA and who wish to receive the benefits of another Guaranteed Benefit Plan that they have taken out or the vested benefits of a Pension Plan or an Employee Pension Plan as a monthly life annuity.

      What advantages does it offer?


        • You will receive a fixed monthly amount for your entire life, calculated based on the contribution made, the Base Interest Rate and your age at the time of applying.
        • You can designate the beneficiaries you wish in the event of your death.
        • You can distribute the associated tax burden across all of the years during which the product remains valid, instead of being taxed all at once.

      How does it work?


      • Availability

        You make a single initial contribution of the time of applying:

        • The minimum amount is €6,000. The premium contribution made must be transferred from another Guaranteed Benefit Plan, a Pension Plan or an Employee Pension Plan.
        • It is not possible to make periodic or occasional extra contributions.
        You receive a monthly income for life

        The amount will depend on:

        • The contribution you have made.
        • The guaranteed base interest rate, established when applying for the insurance.
        • Your age at the time of purchase.
        Note:
        • The monthly income will be paid on the 25th of each month.
        • Once you have started to collect income from the retirement benefits, you will not be able to transfer to another Guaranteed Benefit Plan or Pension Plan.
        • If you have started to collect the income, you can only fully redeem the insurance at market value.

         

      Capital for beneficiaries


      • In the event of death, the beneficiaries will receive 101.5% of the initial contribution.

      What are the requirements for purchasing the insurance?


        • Be a BBVA account holder.
        • If you don't have any open account at BBVA, you can open one. Ask us about available accounts and their terms.
        • Be between 60 and 85 years of age.

      Where can I buy it?

      You can arrange to purchase it by going to your nearest branch or talking to your adviser.

      Would you like more information?

      The monthly income generated by this lifetime annuity allows you to distribute the associated tax burden across all of the years during which the product remains valid, instead of being taxed all at once.

      It is a life insurance in which, by paying a single premium to the insurance company, the policyholder receives a guaranteed periodic amount until their death.

      This is the interest used in life insurance contracts to determine the premium, the benefits (guaranteed income and death benefit) and the Mathematical Provision.

      BBVA Seguros, S.A. de Seguros y Reaseguros.

      BBVA MEDIACIÓN, OPERADOR DE BANCA-SEGUROS VINCULADO, S.A. listed in the Administrative Register of Insurance Brokers of the Directorate-General for Insurance and Pension Funds under code OV-0060. It has an approved public liability insurance policy.

      Be a BBVA customer.

      • At BBVA, we want to help you manage your day-to-day activities.
      • We are working to make your life a little easier with our digital solutions.
      • Our approach is based on transparency, clarity and responsibility.
      Offer valid during current month
      1. Savings insurance
      2. Annuity Plan - BBVA Guaranteed Benefit Plan
      Footer
      • More BBVA

        • Shareholders
        • BBVA Research
        • Jobs at BBVA
        • Network of BBVA agents
        • bbva.com
        • Responsible business
        • BBVA Asset Management
      • The latest

        • BBVA for minors
        • BBVA for young people
        • BBVA for Seniors
        • BBVA for groups
        • Security
        • Podcast
        • Financial Health
      • Calculators and simulators

        • Most popular calculators
        • Elección Account Calculator
        • IBAN calculator
        • Salary calculator
        • Currency exchange
        • Payment of debit entries
      • Utilities

        If you have found a vulnerability in BBVA that you would like to report, please click on this form

        Inheritance Processing

        Blog - Finances at a glance

        Economic dictionary

        Accessibility

        Mortgage debtors without resources - CBP

      BBVA logo
      Legal notice
      Cookies
      Personal data
      Statutory reports
      Payment services
      Fees
      Notice board
      Customer care service
      • Español
      • Català
      • English
      • Galego
      • Euskara

      Banco Bilbao Vizcaya Argentaria S.A. 2025