What is a Retirement Savings insurance?
Retirement Savings insurances aim to complement the pensions paid out by the public system. These are fundamentally life insurances, which cover death and disability as well as developing a retirement savings plan thanks to single or periodic contributions which revalue at a guaranteed variable interest rate.
Why take out retirement savings insurance?
Sometimes public pensions are insufficient to maintain the standard of living we are accustomed to. Hence, we must think about our retirement in good time.
A retirement savings insurance is a good option to save money and have a guaranteed capital that will allow us to maintain our economic stability once we retire.
What retirement savings insurances do we offer?
Ocaso offers two types of retirement savings insurances, so you can choose the one that best suits your needs:
- A guaranteed retirement savings plan is a savings life insurance to which the insured contributes money to guarantee a certain amount of capital upon retiring.
- Personal Saving: An individual systematic savings plan is a life insurance into which a periodic premium is paid and allows to develop a savings plan that will provide a capital payment or guaranteed lifelong income. In this last case, the return obtained will be tax free after five years since the first contribution is made.