Life5
Digital life insurance MGA offering 100% online coverage for Spanish families -- no medical exams, no agents required.
Overview
Life5 is a life insurance MGA operating in Spain and France, distributing term life, mortgage protection, and critical illness products directly to consumers via a fully digital platform. Founded in 2021 and originally known as Getlife, the company rebranded in 2023 following a Series A fundraise. Life5 holds authorization from the Direccion General de Seguros y Fondos de Pensiones (DGSFP), Spains primary insurance regulator.
The company underwrites and distributes policies on behalf of AXA and CNP Assurances, who provide capacity for its product lines. Coverage is available for amounts up to EUR 500,000 on family protection policies. Life5 processes applications entirely online, requiring no in-person meetings or physical paperwork, with policies issued via electronic signature.
As of recent reports, the platform covers approximately 9,000 families. Life5 has raised EUR 16.5M in total funding across three rounds and has plans to expand from Spain and France into Germany and Portugal.
Products & Services
Life5 Familia (Family Life Insurance)
Term life insurance providing death benefit coverage for all causes, with optional permanent disability coverage. An advance on capital up to EUR 9,000 is available for funeral and inheritance tax expenses.
Key Features
- Coverage up to EUR 500,000
- Death benefit for all causes
- Optional permanent disability coverage
- Capital advance up to EUR 9,000 for funeral expenses
- Starting from EUR 3/month
Target Users: Families seeking affordable life protection without bank obligations or complex underwriting requirements.
Distribution: Direct online (life5.es)
Life5 Hipoteca (Mortgage Protection)
Mortgage-linked life insurance designed as an alternative to bank-bundled coverage. Offers comparable conditions with greater price transparency.
Key Features
- Mortgage-linked death benefit
- No hidden fees or permanence contracts
- Online application with no medical exam
- Starting from EUR 5/month
Target Users: Homeowners seeking independent mortgage protection insurance outside their lending bank.
Distribution: Direct online (life5.es)
Life5 Seniors
Life insurance for individuals aged 50-74 with no medical examination requirement.
Key Features
- Eligible ages 50-74
- No medical exams required
- Starting from EUR 8/month
Target Users: Older adults who face difficulty obtaining traditional life insurance due to age or health conditions.
Distribution: Direct online (life5.es)
Enfermedades Graves (Critical Illness)
Critical illness coverage complementing Life5 core family protection products.
Key Features
- Coverage up to EUR 100,000
- Triggered by serious illness diagnosis
Target Users: Individuals seeking supplemental protection against serious medical diagnoses.
Distribution: Direct online (life5.es)
At a Glance
- Founded
- 2021
- Headquarters
- Madrid, Spain
- Employees
- 11-50
Category & Focus
Links
Last updated: 2026-05-17