How do I know if I am a beneficiary of life insurance?
How do I know if I am a beneficiary of life insurance? Did you know that in Spain there is a registry of life and accident insurance? In this article, we tell you what you have to do and what steps you must take to find out if you are a beneficiary of life insurance.
If a loved one dies, you can check if they had life insurance and their beneficiaries
It is difficult to face the loss of a loved one. Added to the loss are the administrative procedures and the economic repercussions that this implies. Having life insurance helps, at least, to face some of the economic problems that it entails. However, there are many cases of people who, being beneficiaries of life insurance, do not claim it upon the death of the insured.
In order to know that you are the beneficiary of life insurance that a deceased family member or loved one had contracted, you need to obtain the death coverage insurance contract certificate. This document accredits the current contracts in which the deceased person was listed as insured and with which insurance company.
Keep in mind that life insurance that is not claimed within the established term remains uncollected.
Life Insurance Registry
The Registry of death coverage insurance contracts is a service that the Ministry of Justice makes available to citizens. It is a public record that is responsible for supplying information regarding a person’s contracted insurance. There we can find the information of all the policies that the deceased had contracted and with which company. They are required by law to provide all data.
The insurance contracts for which it is possible to obtain a certificate are those related to life insurance with death coverage and accident insurance in which the contingency of the death of the insured is covered, whether they are individual policies or collective.
The data is available in the Life Insurance Registry for a period of 5 years from the date of death.
The request for the certificate cannot be submitted until 15 business days (three calendar weeks) have elapsed from the date of death.
How can I request information about the beneficiaries of life insurance?
If you have an electronic signature, you can obtain the certificate at the Electronic Office of the Ministry of Justice.
Otherwise, you must download and complete form 790, and pay the fee at any bank.
The payment will be accredited with the mechanical validation of the authorized signature of the financial entity in the “exemplary for the Administration” copy of form 790 that you will have to present or, where appropriate, send for the issue of the certificate.
Once you have paid the fee, you must submit the application to the central Citizen Service Office(if you live in Madrid) or to one of the territorial offices of the Ministry of Justice.
You can also do it by mail by sending the request and the fee paid to the following address:
The expedition is immediate if you do it personally and it takes a week if you do it by mail.
With the certificate in hand, you will have to go to the insurers that are listed to check if you are the beneficiary of the insurance or not. If so, they are obliged to notify you and you can demand payment of the insured capital provided that no more than 5 years have passed since the death occurred.
PuntoSeguro is a digital insurance broker. We are insurance brokers, so we can help you find the company and the policy that best suits your needs. And if you have any problem with your insurance during your contractual relationship with the insurer, we help you manage it. All this at no additional cost to you.
Therefore, if you take out any insurance through PuntoSeguro, you will only have to worry about the price of the policy. If you need more information to contract insurance or need any additional clarification, do not hesitate to contact us.
In addition, in the PuntoSeguro life insurance comparator, you can compare the prices and conditions of the best life policies on the market, including life insurance with coverage in the event of absolute permanent disability. And just by taking out a life policy at PuntoSeguro, you will participate in the #RetoPuntoSeguro, with which you will get an interesting bonus on renewing your life insurance just for having an active lifestyle and overcoming the monthly challenges.