Investment
Fixed income: insured deposits with guaranteed capital and a fixed rate, up to 4% a year, with insurers such as AXA, Allianz or Occident. Equities: no guaranteed rate, with options that protect 85% of the capital at maturity. Amounts of up to €1,000,000.
Insurance companies offer savings products that work like a fixed-term deposit: you hand over a sum of capital, the company guarantees it and pays you a fixed rate of interest agreed in advance.
Alongside those products we also arrange equity investment, with options that guarantee 85% of the capital at maturity and a return linked to the chosen benchmark index. What differs between insurers is the rate, the term, the guaranteed portion and the surrender conditions, and that is exactly what we compare.
We choose together with you, according to the term, the tax treatment and whether you need access to the money.
Fixed income
The company guarantees the capital you pay in and a fixed rate of interest for the whole of the agreed term. From day one you know exactly what you will receive at maturity.
For someone with money sitting in an account and no need for it in the next few years.
Fixed income
It turns a lump sum into a regular income guaranteed for life, with very favourable tax treatment from a certain age onwards and the option of leaving capital to your beneficiaries.
For someone who already has the capital and would rather draw a monthly income than manage it.
Depends on the option
A PIAS lets you save regularly and take the proceeds as a lifetime annuity with the returns tax-exempt, provided it is held for at least five years. A unit linked policy invests in funds: greater potential, with no guaranteed capital.
For someone saving month by month with retirement in mind.
Equities
Part of the capital is guaranteed by the insurer and the rest is exposed to equity markets. Some arrangements guarantee 85% of the capital at maturity, with a return linked to the average of the equity index used as a benchmark.
For those who want exposure to the stock market without risking all their capital and can leave the money invested for several years.
An indicative compound-interest simulation. Up to 4% corresponds to fixed-income options with a rate guaranteed in writing. Above that figure it is an equity assumption: there the return is not guaranteed and depends on how the market performs. The final figure is confirmed to you in writing before you sign.
They are not the same and do not perform alike. The 4% a year belongs to guaranteed fixed income: equities carry no guaranteed rate.
| Guaranteed fixed income | Equities with protected capital | |
|---|---|---|
| Return | A fixed rate, known and in writing before you sign. Today up to 4% a year depending on insurer and term | Not guaranteed. Tied to the average of whichever equity index is taken as the benchmark |
| Sum insured | Guaranteed at maturity by the insurer | Protected to the percentage set in the policy; some arrangements reach 85% at maturity |
| Who carries the market swings | The insurer: you are paid the agreed rate whatever happens | You do, on the unprotected portion, which can lose value |
| Term | One to five years | Several years: the term is what makes the protection possible |
| Who it is for | For someone who wants to know today exactly what they will receive at the end | For someone who accepts swings in exchange for more upside and can wait |
They are alike in form; the difference lies in who guarantees the capital.
| Bank deposit | Guaranteed savings insurance | |
|---|---|---|
| Who stands behind it | The bank, covered by the Fondo de Garantía de Depósitos, the Spanish deposit guarantee scheme, up to €100,000 per holder and institution | The insurance company, through its technical provisions and the solvency requirements set by European regulation |
| Return | Variable, depending on the bank's commercial policy | Fixed and guaranteed for the whole of the agreed term |
| Term length | From a few months to a year, with renewals | From one to five years, with the rate locked in from the start |
| Early cancellation | Penalty usually applied to the interest | Surrender value as set out in the policy terms |
| Beneficiaries | Follows the ordinary rules of inheritance | Beneficiaries named in the policy itself |
| Supervision | Banco de España, the Spanish central bank | Dirección General de Seguros y Fondos de Pensiones, the Spanish insurance supervisor |
What we do for you
We review what you already hold: deposits, savings insurance, pension plans and funds. We tell you the actual return you are getting, the charges you are paying and what is due to mature shortly.
We compare the current terms of the companies we work with and propose the combination that fits your time horizon, your tax situation and the risk you are willing to take on.
When the policy matures, we are the ones who get in touch. We review whether it is better to renew, move to another company or surrender, and we handle the paperwork.
How much capital you want to invest, for how long and whether you need access to it.
We send you each insurer's current terms in writing, with the guaranteed rate and the term.
We arrange the policy, alert you before it matures and review the renewal with you.
No. It is a savings insurance policy with guaranteed capital, arranged with an insurance company. It works in a similar way to a fixed-term deposit, but it is not covered by the Fondo de Garantía de Depósitos, the Spanish deposit guarantee scheme: the capital and the rate are guaranteed by the insurer, which is subject to solvency requirements and to supervision by the Dirección General de Seguros, the Spanish insurance supervisor.
The rate you are offered is guaranteed in writing for the whole term. Insurers such as AXA, Allianz or Occident currently reach 4% a year; the exact rate depends on the term and the amount. You will know it precisely before signing.
Yes. We take amounts of up to €1,000,000. Within that limit we look at each case and suggest how to spread the capital across insurers, terms and products.
Yes. Alongside products with guaranteed capital, we arrange equity investment through insurance companies. Some arrangements guarantee 85% of the capital at maturity, with the return linked to the average of the benchmark equity index. The remaining 15% is exposed to the market and can lose value: before you sign we explain which part is guaranteed, on what date, and which index it is calculated from.
Yes, through the surrender value set out in the policy. Depending on the product and the timing, that value may be lower than the amount paid in. We explain this before you take out the policy.
With savings insurance, the difference between what you receive and what you paid in is taxed as investment income, at rates between 19% and 30% depending on the band. With a PIAS taken as a lifetime annuity after five years, the returns are tax-exempt.
Nothing. Coyfer is an insurance brokerage and is paid by the companies, not by the client. The portfolio review and the comparison come at no cost and with no obligation.
With insured deposits from companies such as AXA, Allianz or Occident and, in some cases, with private banks. We compare their current terms and show you the differences in writing.
Bring us your latest maturity statement and we will tell you what the market offers today.
Request a reviewCoyfer is an insurance brokerage entered in the register of the Spanish Directorate-General for Insurance and Pension Funds. The products described are savings and investment policies issued by insurance companies, not bank deposits, and are not covered by the Spanish Deposit Guarantee Fund. Guaranteed returns are those set by each insurer in its current terms and may change. In equity-linked products, the portion of capital that is not guaranteed is exposed to market movements and can lose value; past performance does not guarantee future returns. Tax information is indicative and does not replace professional advice on your particular circumstances.
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