Assured Future Plan
Capital guaranteed for the future of your children
Assured Future Plan is a savings-protection insurance policy which guarantees a capital on an agreed date, so that in the future our children can enjoy a quality education, travel abroad, buy their first car. The best way to guarantee the future of our children for when they are older, whatever happens.
As we think about their future yet enjoying the present, with the First Account they will learn to save for the future and enjoy great gifts and exclusive promotions
Product only available to residents.
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Characteristics
Guarantees: In the event of the insured’s death, the future periodic contributions are guaranteed up to a maximum of 120 000€1.
Contributions: This is a totally flexible product and you can start to build up your capital by making monthly contributions from just 30€, in addition to any extra contributions whenever you wish.
Ahorro Futuro Capital accumulated
in 15 yearsCapital accumulated
in 20 yearsContribution of 50 € a month11.661 €17.003 €Contribution of 100 € a month23.322 €34.007 €Contribution of 150 € a month35.045 €51.088 €
Note: the technical interest applied for all contributions is 3.5%. This simulation is for informative purposes.Return: This plan guarantees you an interest rate for each contribution until maturity of the contract, adapted to the evolution of the markets and which you will know in advance.
Availability: You can fully surrender your money whenever you wish, from the first day2.
BanSabadell Vida will donate 0.7% of the profits of Ahorro Futuro to Manos Unidas. A small contribution so that other children in the world can also enjoy a better future.
(1) except for contracts in which the age of the insured plus the duration of the contract is equal to or greater than 65 years or in the event of any breach of the contributions plan initially established. In these cases, the beneficiary will collect at maturity the capital accumulated plus an additional capital of 10%, with a maximum of 12,000 euros (600 € for insured persons over 65 or who show aggravated risks).(2) Execution of the right to surrender the policy may carry penalties in accordance with the evolution of market rates.
Assured Future Plan is life insurance from BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, marketed by Banco de Sabadell, S.A. subject to the terms and conditions of the policy. BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with Tax ID. A08371908 and registered offices in Calle Sena, P.I.A.E. Can Sant Joan, 08174, Sant Cugat del Vallès. Banco de Sabadell, Fiscal S.A Tax ID No. A08000143 and registered offices in Pl. Sant Roc, 20, 08201, Sabadell, is the Exclusive Bancassurance Operator of BanSabadell Vida and is registered in the Special Administrative Register of Insurance Brokers under number C0557A08000143.
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- Tax treatment
1. ResidentsPayment of the benefit in the event of the insured’s survival during the life of the insurance shall be subject to:
- Personal Income Tax (IRPF) when the holder exercises his right to surrender.
- Gift Tax when the beneficiary receives the capital accumulated upon maturity of the contract.
- Payment of the benefit in the event of the policyholder/insured’s death will be subject to Inheritance Tax.
Personal Income tax
The return accumulates to the capital without any withholding and is only subject to taxation when drawn down.
In the event of full surrender, the return obtained is calculated as the difference between the value surrendered and the value of the premiums paid and is taxable as investment income thus forming part of the savings base. The tax rate applicable to the Savings Tax Base is 21% for the first 6,000 euros and 21% as from 6,000.01 euros. A 21% withholding is applied when surrender occurs.
Gift Tax
The payment of the sum insured as from the maturity date which will be received by the beneficiary shall be subject to Death duty and inheritance tax under the conditions determined by the tax regulations at that time.
Inheritance taxIn the event of the holder’s death, his beneficiary must pay Death duty and Gift tax for the amount received, with the particularity that being life insurance, if the relation of the beneficiary with the deceased holder is that of spouse, ascendant, descendant, person adopting or adopted, a 100% reduction will be applied with a limit of 9,195.49 euros (*)
(*) Variable amount dependent upon the Autonomous Community
In the event of the policyholder/insured’s death prior to maturity, in the FUTURE SAVINGS tax will be applicable as from the maturity date of the individual insurance certificate for the accumulated balance on that maturity date, with the particularities inherent to life insurance.