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    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 insurance-savings policy that guarantees a monthly life annuity, in exchange for a single initial contribution

    In the event of the insured party's death, the beneficiaries will receive the contribution amount plus an extra amount.
    • 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.

    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.