Life Insurance
Protect what matters most — without overpaying.
Life insurance is not just for mortgages. Whether you are retired in the Algarve or working in Lisbon, a properly structured policy provides a tax-efficient safety net for your family.
Why expats need life insurance in Portugal
Moving abroad introduces new financial responsibilities. Life insurance provides certainty when everything else is changing.
Income Protection
If the main earner passes away, your family receives a tax-free lump sum to cover living expenses, school fees, and bills.
Debt Cover
Ensure personal loans, credit cards, and other debts are not passed on to your partner or children.
Inheritance Planning
While Portugal has favourable inheritance tax laws for direct family, a policy can cover costs for other beneficiaries or assets abroad.
Common questions
Yes, many insurers in Portugal offer cover up to age 75 or higher for specialised policies. Premiums increase with age, so it is best to lock in a rate early.
Term Life covers you for a specific period (e.g. 20 years), ideal for covering children until they become independent. Whole of Life covers you until you pass away, guaranteeing a payout, but costs more.
For younger applicants and lower coverage amounts, a simple questionnaire is often sufficient. Higher coverage or older ages may require a medical report.
Get a life insurance quote today
Speak with a licensed advisor and see how much you could save.
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