When you take out a Life policy it is because you want to have the financial security that your family will not miss anything in the event that you suffer an accident or any other type of loss that causes your death or disability.

Today, most types of Life Insurance include a mandatory guarantee, in which the company agrees to pay the agreed capital in the event of the natural death of the insured.

However, there are other cases in which your policy can compensate your loved ones. We talk about the additional guarantees in Life insurance.

Indeed, anyone who contracts a policy of this type can decide the degree of protection they need, as well as the guarantees that their family can benefit from in the event of a claim.

Let’s review in this guide what types of additional guarantees exist and what coverage each one offers.


The additional guarantees are intended to insure the subscriber’s family against all the extra risks that are stipulated in the contract.

Invalidity guarantee

The disability guarantee is a coverage that will protect you and your family in the event of suffering a serious accident and becoming disabled.

The main guarantee of this coverage is to offer you a monthly income for the time stipulated in the contract and in case of labor or professional disability.

This is one of the additional guarantees most requested by Life insurance claimants.

Additional warranty for accident

The mandatory Life insurance guarantee will offer financial peace of mind to your family in the event that your death occurs naturally, however, there is the option that this coverage is also effective if the cause of your death is an accident, regardless of its type.

Within this scenario, there are two additional guarantees by accident that you should know :

Double capital guarantee due to accident: in this case, if your death is caused by an accident, your family or the beneficiaries will receive double the capital stipulated in the main guarantee.

Triple capital guarantee for road or traffic accident: if your death is caused by a traffic accident, the beneficiaries will receive triple the capital insured in the main or mandatory policy.

It is important that you know that some companies include within this type of guarantee coverage that protects children under 18 years of age in the event that both parents die as a result of an accident.

Illness warranty

The sickness guarantee is a very popular option when taking out Life insurance.

This applies in the event that the insured is diagnosed with a serious illness or suffers any other major health problem.

In this case, and depending on the contract that has been previously signed, the company will pay the total or part of the agreed capital.

It is important to remember that some insurers offer different types of guarantees depending on the physical disability that causes the disease.

In this way, in the event that the disability is permanent and absolute, the insurer will advance the payment of the contracted capital.

On the other hand, if the insured suffers a serious illness, the company must assess whether it is within its list of considerations or not.

In general, the diseases you consider serious are:

  • Cancer
  • Cerebrovascular accident
  • Myocardial infarction
  • Diseases that affect the coronary arteries
  • Renal insufficiency
  • Vital organ transplantation

Do not forget that in case your illness is part of the considerations of your insurer, it will proceed to pay the insured capital. However, most companies will only validate this guarantee if you are under 60 years old.

The importance of assessing your needs

Before contracting Life insurance and choosing one or another additional guarantee, it is important that the insured carry out a complete evaluation of the needs of his family and the capital that it may require in the event that he suffers a serious accident or dies.

After performing this step, the person must carefully compare all the premiums proposed by the market, taking into account the additional guarantees that the market wishes to contract.

It is important to remember that for the same policy, companies can offer very different monthly amounts. For this reason, if you want to save on your Life insurance you should compare all the possibilities very well.


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