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Frequently Asked Questions

  • Are the guaranteed payments in the event of death what you have saved plus the insurance?
    Not necessarily. They are the greater of the following:
    • value of the funds saved + insurance capital contracted (€ 6,000 minimum)
    • value of the funds saved plus 5%
  • Is it a savings plan and life (death) insurance?
    Yes, but, in addition to that, you can also contract permanent, absolute disability insurance and double capital in the event of death by accident.
  • Will savings plans give me good return on my money?
    If you do not join a savings plan, you will probably never manage to save. But if you do contract one, then small contributions allow you to build up a sum of capital that would take a very long time to save in a current account.
  • Can I continue my plan once I have attained the incentive relevant to the savings plan I choose?
    Yes. You are recommended to continue with the savings plan after attaining the incentive because, being a product with liquidity from day one, it is a good idea to set the longest possible term in case you want to carry on saving or want to choose the best moment to retrieve your savings, making the most of the possible tax advantages available at the time.
  • I do not like risking my money…
    One of the advantages of CAN Growing Savings plans is that you are guaranteed a minimum return. The interest rate to be applied to the period is determined quarterly and in advance, but never falls below the minimum guaranteed.
  • I am prepared to take on a degree of risk in order to obtain greater return.
    CAN Selection Savings plans allow you to choose one of three investment strategies according to the risk you are prepared to take at a given time.
  • But my circumstances and needs are not always going to remain the same…
    We use a tool designed to define your risk profile which caters for the circumstances of the different stages of your life.
  • If I die, what happens to the insurance?
    The beneficiaries in the event of death can be named at will, meaning that part of your wealth can be shared out directly to those named as beneficiaries, regardless of the distribution provided for by Inheritance Law.
  • Can I change my contributions if my circumstances change?
    No problem: you can increase, reduce or temporarily stop contributions (you can resume them at any time and even make up for the contributions you have skipped).
  • I already have a retirement plan, so why do I need a savings plan?
    A retirement plan only matures on the date of legal retirement. Savings plans allow you to save for other things and if you take early retirement, then you will be in a position to enjoy holidays and activities with the capital saved at a younger age and most probably in a better state of health.
  • I want to have capital insured for my spouse and family in case something happens to me. How can I make sure such capital is available at the lowest cost?
    Several simulations can be made, but, in general terms, the best thing to have (contingency, tax reasons, peace of mind, saving, performance, etc.) is the following combination: SAVINGS PLAN + LIFE INSURANCE + RETIREMENT PLAN.


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