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Insurance Death MGS Spain

MGS Death Insurance Spain (Mutua General de Seguros), was established in 1907. More than 100 years providing insurance products and services that meet the requirements of more than 400,000 people, families, and businesses. It has a workforce of more than 700 employees, specialized and dedicated, located at its headquarters, branches, territorial offices, and management centers. MGS Death Insurance markets its products almost 100% through exclusive agents and brokers, independent professionals who provide services to several insurance companies.

It aims to contribute to the stability and progress of humanity through the creation of insurance products and services, highlighting Life and Non-Life insurance. Likewise, MGS Death Insurance takes responsibility to persist over time as a guarantee of fulfilling its commitments. It plans to evolve, maintaining its foundation as an entity, employing the values of commitment, closeness, and quality that identify its workforce.

MGS Death Insurance is based on values of: Commitment. The insurance is based on reliability between the parties, because a premium is charged in exchange for a service commitment. Closeness. Its aspirations go beyond geographical aspects and penetrate the emotional field. It aims to support its clients so that they perceive that their insurer is attentive to what may happen to them. Quality. It seeks client satisfaction through deep participation and professionalism of the sales force and through solid and effective technological support.

MGS Insurance Spain offers a variety of general products. For individuals: MGS Death Insurance, MGS Health Insurance, MGS Life Insurance, MGS Accident Insurance, MGS Savings and Retirement, MGS Auto Insurance, communities, and much more

Why Hire MGS Death Insurance Spain?

With MGS Death Insurance (Mutua General de Seguros), you ensure an efficient death service, avoiding the need for your family to handle unfamiliar matters during emotionally unstable times. MGS Insurance offers two death insurance options: MGS Profamilia Family and MGS Profamilia Tranquility.

The MGS Burial Insurance is more than a death policy, as its options are tailored to every need, making it ideal for those very difficult moments. The Family death insurance allows access to services and support resulting from the death itself, such as compensation in case of accidental death or legal guidance. It also provides additional guarantees such as national and international transfers, legal and documentation advice, wills and digital erasure, and personal accidents.

MGS Profamilia Tranquility is a single-payment product designed for people over 65 years old. In addition to providing death services, it includes specific benefits for seniors, such as facilitating access to retirement homes, assistance with household tasks, among others. It covers death services and national and international transfers.

Additionally, for seniors, there is the MGS Death Insurance with a Single Payment. Therefore, if you are over 65 and have not yet purchased Death Insurance, this is your opportunity.

With this insurance, you will have the peace of mind of a single payment, as MGS Death Insurance will handle all types of procedures, including transfers within Spain in the event of a death. MGS Death Insurance has the reliability and support of a large team. This is why MGS Insurance Spain, with the backing of its group and the solidity of its structure, guarantees the provision of timely and efficient services.

Conditions for Hiring MGS Death Insurance Spain

MGS Burial Insurance (Mutua General de Seguros) are policies that prevent the financial impact caused by a burial. An MGS burial insurance also provides management support and guidance, taking care of all administrative procedures. It is enhanced with a series of coverages designed to meet the needs of the insured. Therefore, if you have decided to hire MGS Death Insurance, pay attention, as we will immediately explain what you need to do.

First, you should fill out the form above and complete a health questionnaire provided by MGS Insurance Spain. Carry out this task calmly and answer with complete honesty, as based on it, they will recommend the best insurance for you and your family.

Next, you should consider your age range and the type of insurance you want. If you are hiring an individual insurance policy, you must be between 18 and 77 years old and in good health, and you can choose from several options, including MGS level premium death insurance, natural premium, or even mixed premium. People over 70 (or 77, depending on the case) or those with high-risk illnesses can only acquire a level premium insurance, such as the one offered by MGS Insurance. Likewise, in the market, there are other death insurance companies that have extended the age limit to 80 years, and some even accept up to 84 years.

What Documentation Do I Need to Hire MGS Death Insurance?

If you do not have the necessary resources to cover the burial of a family member, everything becomes complicated. In this situation, death insurance companies are a great solution, offering clients excellent products for every need. With a single phone call, it is possible to organize the burial, which facilitates all the necessary procedures for the family. This is extremely important because, without this valuable resource, covering these expenses would be difficult. Thus, by hiring death insurance, you make a valuable investment, saving both money and time.

It is important to know that all insurance companies require certain essential documents when hiring a death insurance policy. In this case, the documentation required to hire MGS Death Insurance is as follows:

1. Policyholder over 18 years old. The person who requests and manages the entire process to hire a death insurance policy must be of legal age. However, for the other members to be insured, there are no age restrictions.
2. Full name. One of the most important requirements when obtaining a death insurance policy is to provide accurate and clear full names of the policyholder and all other members to be insured. This prevents delays and complications in organizing the burial.
3. Copy of ID, NIE, or passport of the policyholder. All documents submitted for processing a death insurance policy must be valid and up to date to avoid delays in the burial organization process. Expired documents will be rejected.
4. Bank account in Spain.
5. Dates of birth of all insured members. During the insurance hiring process, the insurer calculates the age of each member based on their date of birth to determine the premium accurately.
6. Address. Knowing the province of residence of the insured is essential, as it affects the calculation of the insurance cost.
7. Complete the health questionnaire. To determine if the policyholder or any family members have chronic or preexisting conditions, they must fill out the health questionnaire honestly.
8. No serious illness prior to hiring. Insurers typically do not cover serious illnesses due to the high risk involved. Therefore, if any insured person has a serious medical condition, they will not be able to hire a death insurance policy.

What Factors Influence the Price of MGS Death Insurance?

With the firm goal of anticipating a death, death insurance companies offer clients excellent products according to their needs. However, to achieve this, certain factors that significantly influence the price of the death insurance to be contracted must be taken into account. By understanding these elements, the insurer can evaluate the risks and calculate the premium for the requested insurance. This process is standard across all insurers, not only MGS. Therefore, the information provided here applies equally to all death insurance companies.

Here are the factors that influence the price of MGS Death Insurance, and we can guide you through the process for free and without obligation:

1. Dates of birth: Age, as in health insurance, influences the price of death insurance. The older the insured, the higher the risk the insurance company assumes. Additionally, there are types of death insurance depending on age. For example, people over 65 often contract MGS single-premium death insurance, a highly valuable product for seniors.
2. Residence area: The cost of a burial and related expenses is not the same everywhere. Renting or purchasing a niche in Barcelona differs from Madrid or another region. Therefore, the price of death insurance may vary depending on the insured’s place of residence.
3. Repatriation: The cost may increase or decrease depending on the country where you want to be repatriated or how far it is. Repatriation is thus a decisive factor when calculating the insurance premium.
4. Coverages: The price of the death insurance policy varies depending on the coverages you choose or if you add extra coverages. Additional coverages provide greater benefits but result in a higher policy price.

How Can I Cancel MGS Death Insurance?

It is common for some people, for various reasons and at any time, to need to cancel their death insurance. Among these reasons are receiving an attractive offer from another insurer, unexpectedly facing a precarious financial situation, or experiencing serious issues with the contracted insurer due to poor service.

On the other hand, you should know that regardless of the reason for canceling the contracted death insurance, there are several ways to do it. This process is extremely simple, even when making the difficult decision to cancel. In these cases, the MGS death insurance contract is for 12 months. However, this rule is not unique to MGS; all death insurance companies follow the same principle because Spanish burial insurance law requires that to cancel MGS death insurance, you must notify the company 1 month before the anniversary of the contract.

Example: If your MGS death insurance policy or a policy from another death insurance company ends on December 31, you must inform the insurance company of your decision not to renew before November 30.

What is the Waiting Period for MGS Death Insurance?

With the clear purpose of protecting the financial interests of the insurance company offering a death insurance policy, the waiting period was created. This period refers to the time established from the day the death insurance policy becomes active until the day the insured person is covered by the guarantees. Once this period ends, the insured can begin to enjoy the contracted coverages that were restricted during this waiting time.

Accordingly, the waiting period for MGS death insurance is defined as the period of time, measured in months from the activation or contract date of the MGS death insurance policy, after which certain contracted coverages can begin to be used. If you fill out the form above, we will advise you on the best option for your specific case and answer all your questions.

What are the Exclusions of MGS Death Insurance?

When the death of a loved one occurs, it is important to maintain as much peace of mind as possible in order to face those moments of intense grief. Therefore, contracting a death insurance policy helps avoid complex, high-cost procedures involved in organizing a death. Clearly, this is highly beneficial for all clients. However, before contracting a death insurance policy, it is important to know that there are several factors that can significantly influence these contracts. Among these limiting factors, one of the most important is exclusions.

Generally, these elements are common in insurance contracts, and knowing them allows you to understand what is not covered by a death insurance policy. Thus, the guarantees of MGS death insurance, as with other insurers, usually exclude: deaths caused by natural disasters, radioactive radiation, nuclear energy, war actions, terrorist acts, or riots. Also excluded are those cases that do not give rise to any type of compensation according to the Insurance Contract Law and deaths that occur before the payment of the first installment or premium.

Can I contract MGS Death Insurance with a serious illness?

It is very important to know which factors prevent someone from contracting a death insurance policy. One of the most significant factors is serious illnesses. These include tuberculosis, leukemia, cancer, chronic kidney failure, and many others. Therefore, if you suffer from any of these, it will not be possible to contract a death insurance policy in Spain.

Due to the high risk, according to Article 10 of Law 50/1980 of October 8, on the Death Insurance Contract in Spain, the insurer is exempt from paying any compensation if false information is provided in the medical questionnaire regarding the health status, thereby omitting any pre-existing serious illness.

However, if a person who wants to be insured has previously had a serious illness, it will be possible to contract MGS Death Insurance only if the illness has been fully overcome without serious aftereffects. The current health condition must be verified in advance. In such cases, insurers will require supporting documentation to prove that there are no serious lingering effects from the previous illness.

Insurance Death MGS Spain

Main Coverages of Insurance Death MGS Spain