In a life insurance what tax will have to be paid in the event of the death of the insured person?
- If the beneficiary is an individual, the payment will be subject to Inheritance and Gift Tax (if there are several beneficiaries, each will pay tax on the part that corresponds to them).
- If the beneficiary is a legal entity the payment will be subject to corporation tax.
What is the exclusion period of a life insurance?
We do not apply an exclusion period to life insurance, the coverage is effective from the moment you contract the insurance.