For cases where help is needed with basic daily tasks.
Do you want to know if you are eligible to become a member of Mutualidad?
Occasionally, due to illness, accident or the effects of ageing, people can lose their physical, mental or intellectual autonomy. In such cases, help is needed to perform the basic tasks of daily life.
The Plan Universal’s Dependency cover guarantees you a monthly income so that you can provide yourself with the assistance you need, should the time come.
The Dependency Policy covers two situations:
You are guaranteed a monthly income for life of..
€600, €900, €1,200, €1,500, €1,800 or €2,100
In cases of Gran Dependencia, you would receive 100% of the contracted income, while in cases of Dependencia Severa, 50%.
Plus a start-up capital of 5 monthly instalments.
Because we know that in these cases many initial expenses need to be met, we include the payment of a capital sum equivalent to five monthly payments of the contracted rent at the time the benefit is recognised.
The premiums for long-term care insurance are age-related and can be paid in the form of periodic payments or as a lump sum.
If you opt for a periodic premium, you can set up the payment of the premium until the age of 65, 70, 75, 80 or your retirement date, with the cover remaining in force for life.
How do you pay? The premiums for this cover will be adapted to the payment system you have established in your Universal Plan or to the one you choose.
| Initial lump sum and monthly premiums for Dependency coverage * | |||||
|---|---|---|---|---|---|
| Income €600 /month | |||||
| Entry age | Lump sum | Monthly to 65 years | Monthly to 70 years | Monthly to 75 years | Monthly to 80 years |
| 25 years | 9,700.01 | 16.93 | 14.72 | 12.99 | 11.62 |
| 30 years | 10,258.46 | 21.01 | 18 | 15.7 | 13.92 |
| 35 years | 10,824.48 | 26.56 | 22.31 | 19.18 | 16.82 |
| 40 years | 11,383.19 | 34.42 | 28.14 | 23.72 | 20.53 |
| 45 years | 11,903.23 | 46.18 | 36.29 | 29.79 | 25.32 |
| 50 years | 12,361.76 | 65.61 | 48.4 | 38.22 | 31.67 |
| 55 years | 12,739.3 | 103.82 | 68.2 | 50.63 | 40.42 |
| 60 years | 12,996.26 | 216.26 | 106.79 | 70.69 | 53.17 |
| 65 years | 13,105.88 | - | 219.38 | 109.39 | 73.61 |
| 69 years | 13,063.32 | - | 1,102.72 | 184.14 | 102.1 |
| *Amounts expressed in euros. The age of entry is considered to be the age closest to the birthday. Monthly instalments increase annually by 3%. Periodic premiums in the Plan Alternativo Autónomo will be reduced by 50% during the first 3 years for those under 48 years of age. | |||||
Dependency cover lasts for life, i.e. it lasts for the life of the member.
However, there are waiting periods, although these do not exist in the event of an accident. In the case of physical or functional dependence not caused by an accident, the qualifying period is 12 months (from the time of contracting or modification for the extended amount), and in the case of intellectual, sensory or mental dependence not caused by an accident, 36 months are considered.
If you are a member, you can voluntarily take out Dependency cover in the Plan Alternativo Autónomo, as well as in the PPA Mutualidad and the Plan Ahorro Flexible.
To be self-employed
*First year minimum contributions for new registrations
** System included in the Plan Universal de la Abogacía
PPA Mutualidad Your pension supplement
* System included in the Plan Universal de la Abogacía
Plan Ahorro Flexible Your money available whenever you want it
* System included in the Plan Universal de la Abogacía
Dependency cover guarantees you a monthly income for life in the event that, due to illness, accident or the effects of ageing, you lose your physical, mental or intellectual autonomy and therefore need help to carry out the basic tasks of your daily life.
Mutualidad covers the situations of Gran Dependencia (Maximum Dependency) and Dependencia Severa (High Dependency). The first occurs when the indispensable and continuous support of a person is needed to carry out daily activities, due to the total loss of physical, mental, intellectual or sensory autonomy; and Dependencia Severa, when help is needed for several basic activities of daily living, two or three times a day, without the need for permanent support for personal autonomy.
The dependency benefit consists of a monthly annuity that can be chosen from different levels: 600, 900, 1,200, 1,500, 1,800 or 2,100 euros per month, based on the level of Dependency, and additionally a capital equivalent to 5 monthly payments of rent, to meet the initial expenses.
The premiums payable by the member to contract this cover depend on age and sex, and may be paid by means of periodic payments. Coverage may also be met by a one-off payment or by deducting this from the accumulated balance in the Plan Universal.
Do you want to find out more? Contact us by phone or by email at sam@mutualidadabogacia.com.
If you prefer, we will call you. A sales manager will contact you. We will be happy to help you with your questions!
