¿Qué son los seguros a prima única financiada o seguros PUF?

What are PUF insurance or funded single premium insurance? Can they be cancelled?

When you take out life insurance linked to a mortgage, on many occasions the bank offers a financed single premium insurance, or PUF insurance. And they are nothing more than that: a single premium insurance whose amount is so high that it is financed, to pay it in installments.

In this way, the insurance fee (with the corresponding interest) is paid together with the mortgage payment. That is, the insurance debt is added to the mortgage debt.

PUF insurance cannot be cancelled, as it is not annual renewal insurance. They can only be cancelled by applying the right of withdrawal from life insurance.

According to current legislation, if you have taken out individual insurance for a duration of more than six months stipulated in the contract on your own life or that of a third party, you may terminate the contract without indication of reasons and without any penalty within 30 days of the date on which the insurer gives you the policy or provisional coverage document.

That is, you have 30 days to cancel a PUF insurance or funded single premium insurance.

Remember that you are not obliged to take out any insurance with the bank when you apply for a credit operation or a mortgage.

At PuntoSeguro we not only process your life policy, but we also help you in any future procedure you may need. We also advise you when hiring your policies and inform you of the best rates to renew your insurance with the necessary advance.

In addition, in our mortgage life insurance comparator you can compare the prices and conditions of the best life policies on the market, including life insurance with coverage in case of absolute permanent disability. And just by taking out a life policy at PuntoSeguro you will participate in the #RetoPuntoSeguro, an exclusive challenge that we propose to the employees of the companies so that they are rewarded when they perform physical exercise. Through the PuntoSeguro Fit App, the physical activity of each user is rewarded through challenges, both individual and collective. In addition to having your daily physical activity controlled and contributing to social causes (collaborating in overcoming the collective challenge), you can get a discount of up to € 120 on each renewal of your insurance, as you overcome the individual challenge month by month.

If you need more information to take out insurance or need any additional clarification, do not hesitate to contact us.

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