Guaranteed Annuities

Get a life annuity in exchange for an initial single premium

You make a single initial contribution when you take out the product and get a monthly annuity for life.
  • You will get a fixed monthly amount, or with an annual increase of 1% to 3%, for life.
  • You can choose the beneficiaries who will receive the compensation in the event of death.
  • Check its tax advantages.

For whom is it intended?

  • Anyone between the ages of 50 and 85 with savings and who wants to supplement their income with a monthly payment for the rest of their life.

What advantages does it offer?

    • You will receive a fixed monthly income, or with an annual increase of 1% to 3%, for life, calculated using the base interest rate that is applied to the amount of your contribution.
    • You can choose the beneficiaries who will receive the capital in the event of death. You also have the option to change them whenever you want.
    • The product also has favorable tax implications: there are exemptions for monthly income that vary according to the age of contracting and your domicile for tax purposes. Ask about your particular case.

How does it work?

  • You make a single initial contribution at the time of purchase, from a minimum of €15,000 to a maximum of €3,000,000. 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 at the time of purchase.
    • Whether the amount of the income is fixed or increased by between 1% and 3% each year.
    • Your age at the time of purchase.
    Note:
    • In case of death, the beneficiaries you selected will receive 101% of the premium paid.
    • The payment date is the 25th of each month.
    • If you need to, you can redeem it fully at market value, in which case the amount may be lower than your initial contribution.

What tax advantages can I get?

  • BBVA guaranteed income boasts significant tax advantages. Depending on the customer's age at the time of purchase, a percentage of the monthly income received is not subject to taxation, giving rise to very attractive taxation terms.
    Remember also that the income generated by this product is regarded as a capital gain and is subject to tax withholding, as per the applicable law.
Age
% Exempt income
% Effective tax rate
50 to 59 years
72
5.32
60 to 65 years
76
4.56
From 65 to 69 years
80
3.80
Over 70 years old
92
1.52

What are the requirements for purchasing the insurance?

    • Be an individual residing in Spain.
    • 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 50 and 85 years of age.

    You can cancel the contract within 15 days after the purchase date.

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?

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.

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