4.2.9. I) Life insurance

In this section, life insurance policies taken out by the declarant must be declared, even if the beneficiary is a third party.

Assessment

Life insurance policies will generally be calculated at their surrender value at the time of the tax accrual, and said value will be provided to you by the insurance company.

However, as of July 11, 2021, when the policyholder does not have the right to exercise the right of total surrender on the accrual date, the insurance will be computed for the value of the mathematical provision on the aforementioned date in the policyholder's tax base. This rule does not apply to temporary insurance contracts that only include benefits in the event of death or disability or other additional risk guarantees.

Completion

Select the code that corresponds to your situation, and indicate the insurance company and the description.

If you have to relate more elements than those contemplated in the program, you can declare them cumulatively in the last box. In this case you will only have to fill in the data relating to the description and the valuation.