Personal retirement insurance and plans
Save for retirement at your own pace, with protection along the way.
What it usually covers
- Long-term savings
- Death benefit
- Tax benefits on some plans, as permitted by law
- Choice of retirement age
Coverage, sums insured and exclusions vary by insurer and plan. We show you the terms of each option before you buy.
Who it is for
For employees, self-employed people and professionals who want to top up their pension.
Get a quote on WhatsApp
9insurers offer this coverage. We compare their options for you.
Retirement planWhat you need to get a quote and buy
- Age at which you want to retire and monthly or yearly contribution.
- Currency: pesos, dollars or UDIs.
- Whether you want to deduct taxes with a personal retirement plan (article 151 of the Income Tax Law).
- Official ID, proof of address, RFC and CURP.
- Health questionnaire if the plan includes death protection, and beneficiaries.
This is a general guide: each insurer may ask for more details or documents. Below, on the policies that publish them, you will see what their insurer asks for.
Products from each insurer
18 products from 9 insurers, with their official description and a link to each company's page.
We translated each product's summary, coverages and requirements. Product names stay as each insurer publishes them, and the insurer's policy terms in Spanish are what apply.
Recommended
Aliados+ Plan Personal de Retiro
AXA personal retirement plan: you save at your own pace and receive your fund at age 65, with death and disability protection and tax-deductible contributions.
- You pay over 5, 10 or 20 years, monthly, quarterly, every six months or yearly.
- You take it out in UDIS, which are adjusted for inflation, or in dollars.
- Death cover for your loved ones and total and permanent disability cover.
- Your contributions may be deductible in your annual tax return and, at the end of the term, your fund may have tax exemptions.
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- Cash advance for terminal illness or death.
- You can make additional contributions to grow your savings.
- Assistance: free 24/7 medical advice by phone, up to two emergency medical transfers a year, home visits and nursing at a preferential cost, and help with funeral arrangements.
What they ask for to buy it
- Fill out the insurance application with your agent.
- Official ID and proof of address.
- Depending on the sum insured and your age, AXA may ask for questionnaires or medical exams.
Recommended
Seguro de Vida Consolida
Life insurance that secures your path to retirement while your money grows. With this plan you build a guaranteed fund and take advantage of exclusive tax benefits to grow your assets in a personalized way.
- You can choose to pay over 5, 10, 15 or 20 years or until age 65, and then stay covered until 65 with no further premiums.
- The certainty that at age 65 you will receive the savings you planned for retirement.
- Protection and guaranteed savings from MX$400,000 or US$20,000, which do not lose value over time because they are adjusted for inflation in pesos and for the exchange rate in dollars.
- Age limit: minimum age 18 and maximum age 55.
What they ask for to buy it
- Live in Mexico.
- Fill out the insurance application and, if GNP asks, provide medical and financial requirements or additional questionnaires.
Recommended
Horizonte (plan personal de retiro)
MetLife retirement savings plan with life insurance, which you can deduct as a PPR (personal retirement plan) or as a special savings account.
- You choose the retirement age: 50, 55, 60 or 65, depending on the plan.
- You receive your savings as a lump sum, as monthly payments for life or as annuities that can be inherited for a period.
- As a PPR you deduct up to 10% of your annual income (art. 151 of the LISR); as a CPEA, up to MX$152,000 a year (art. 185).
- If you pass away, your beneficiaries receive the sum insured; advance for terminal illness.
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- Additional covers: accidental death and dismemberment, funeral costs, disability, premium waiver and 7 critical illnesses.
Seguro Patrimonio Integral Afirme
Afirme insurance to plan your retirement over the long term, with stable returns, tax exemption when you meet the requirements, and protection for your family.
- Retirement savings that hold their value.
- Long-term returns with stability in volatile periods.
- Tax exemption when the Income Tax Law requirements are met.
- Sum insured of MX$50,000 or MX$300,000 for your family if you pass away.
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- No medical exam needed and easy to take out.
What they ask for to buy it
- Ask your advisor for a quote.
- No medical exam needed.
Plan de Ahorro para el Retiro
Allianz individual savings plans are the ideal way to start building, today, the assets that will let you enjoy the retirement you deserve.
- A savings plan tailored to the client.
- Flexible contributions based on the client's means and needs.
- Access to nineteen investment portfolios in different currencies based on the client's profile.
- Allianz offers you a bonus of up to 100% of your committed first-year contributions.
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- Efficient investing by taking advantage of the tax benefits of articles 93, 151 and 185 of the Income Tax Law (LISR).
- Attractive liquidity options through withdrawals and/or loans.
- Deductibility: lowers your taxable base, reducing the tax you pay.
- Deferral: postpones the tax on real interest until it is withdrawn.
- Exemption: removes the tax when certain requirements are met (usually age and policy duration).
Rentas Privadas
Allianz offers a range of options to manage your assets efficiently, protecting your savings from market volatility and guaranteeing you an income for as long as you live.
- Plans tailored to you
- Annuities in pesos, dollars and inflation-indexed pesos
- Lifetime pensions with guarantees
- Solutions for individuals and companies
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- Lifetime annuity: an annuity is paid for the rest of your life.
- Lifetime annuity with guarantee: if you die during the guarantee period, the beneficiaries receive the annuity for the rest of that period.
- Joint lifetime annuity: on death, the joint insured receives the set annuity for the rest of their life.
- Temporary annuity: the main insured is paid an annuity for a set period, as long as they are alive.
- Deferred annuity: the main insured is paid an annuity from the date set on the policy schedule (deferral period).
- Nominal pesos: the client always receives the same amount. It is not adjusted for inflation.
Tu Retiro Seguro
Seguros Argos life insurance with a coverage to save for your retirement, immediate coverage and no medical exams.
- Death cover with a fixed sum insured of MX$100,000 to MX$1,000,000.
- MX$50,000 advance for immediate expenses.
- Advance for terminal illness and premium waiver for disability.
- Retirement cover that lets you save within the insurance.
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- Monthly, quarterly, semi-annual or annual payment by credit or debit card.
- Product registered in 2026.
What they ask for to buy it
- Entry age: from 18; the page states 64 as the maximum.
- Live in Mexico.
Mi Proyecto R
AXA life insurance to build your own retirement savings for age 65, with tax benefits and death protection.
- Death: your loved ones receive the sum insured you choose.
- Personal retirement plan: contributions with tax benefits to build your savings.
- Cost waiver for disability: you stay covered for death without paying premiums.
- Disability payment of the contracted amount.
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- Funeral costs: your beneficiaries receive the amount you chose.
- It is not an afore: it is life insurance that helps you build your own savings.
- Assistance: 24-hour doctor, help with funeral arrangements and travel assistance.
What they ask for to buy it
- Fill out the insurance application with your agent.
- Official ID and proof of address.
- Depending on the sum insured and your age, AXA may ask for questionnaires or medical exams.
Elige tu Retiro
Life insurance that adapts to each stage of your life: it gives you protection, lets you build retirement savings according to your means, and uses tax incentives that lower your taxes while maximizing the returns on your savings.
- You choose the cover period: to age 65 or a 20-year term, and before it ends you can extend your insurance.
- Protection from MX$400,000, which does not lose value over time because it is adjusted for inflation in pesos, at least 3% a year.
- Your premium payments build a high recovery amount that is paid to you at the end of the term.
- Tax flexibility: whenever you need it, you can make your retirement savings tax-deductible through the incentives of the current Income Tax Law (LISR), using 2 funds:
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- 100% of your money is invested, with no minimum balances or fund management fees.
- To make managing your savings easier, you also have the website and the call center.
What they ask for to buy it
- Live in Mexico.
- Fill out the insurance application and, if GNP asks, provide medical and financial requirements or additional questionnaires.
- Entry age: 18 to 60.
Proyecta
GNP life insurance for your retirement: you build guaranteed savings that you receive at age 55, 60, 65 or 70, tax-free if you meet the requirements.
- Guaranteed savings at age 55, 60, 65 or 70.
- Tax-free once you turn 60 and the policy has been in force for 5 years.
- From US$20,000 or MX$400,000, adjusted for inflation or the exchange rate.
- Death, with an advance for funeral costs and an advance for terminal illness.
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- Proyecta Afecto version: contributions deductible under article 185 of the Income Tax Law.
- Optional: disability, accidental death and Cobertura Mujer.
- You receive the sum as a lump sum, as annuity payments or through a trust.
What they ask for to buy it
- Live in Mexico.
- Fill out the insurance application and, if GNP asks, provide medical and financial requirements or additional questionnaires.
- Entry age: 18 to 70, depending on the payment term and the age at which you want to receive your savings.
Seguro de Vida Consolida Total
Life insurance that lets you build guaranteed retirement savings with the flexibility to define your own tax strategy, using the incentives in Mexico's Income Tax Law to lower your taxes and maximize your savings.
- Guaranteed retirement savings when you reach age 65, plus death cover during the savings term.
- Protection from MX$400,000, which does not lose value over time because it is adjusted for inflation in pesos.
- Tax flexibility: whenever you need it, you can make your retirement savings tax-deductible through the incentives of the Income Tax Law, using 2 funds:
- Special Savings Account (art. 185): you can deduct the contributions you set aside for retirement in each tax year, whatever your income level, under the current LISR.
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- 100% of your money is invested, with no minimum balances or fund management fees.
- To make managing your savings easier, you also have the website and the call center.
What they ask for to buy it
- Live in Mexico.
- Fill out the insurance application and, if GNP asks, provide medical and financial requirements or additional questionnaires.
- Entry age: 18 to 55.
Mi Retiro Seguro
Set the amount that guarantees a calm, independent and comfortable retirement, and Insignia Life will help you reach it.
- Minimum term of 5 years.
- Entry age: 18 to 65.
- No minimum amount for your premium or sum insured.
- At the end of the term, you receive the sum insured as a lump sum or in instalments over the period that suits you best.
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- If you die while your insurance is in force, your beneficiaries receive the cash value or the total premium paid, whichever is greater.
- You build a savings habit to reach your goals.
- The sooner you start saving, the lower the premium and the higher your return.
Mi Retiro Seguro 5 y 10 Años
Whether 5 or 10 years, you guarantee a retirement that keeps your lifestyle and quality of life.
- Minimum term of 5 years.
- Payment over 5 or 10 years.
- No limits on your contribution amount or sum insured.
- Tax-deductible as set out in the Income Tax Law.
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- Choose the age at which you want to receive your savings, between 55 and 75.
- You receive your money in monthly payments or as a lump sum.
- If you die before the end of the term, your beneficiaries receive the cash value or the total premium paid, whichever is greater.
- You decide at what age between 55 and 75 you want to access your savings.
Mi Retiro Seguro Único
Mi Retiro Seguro Único is Insignia Life's exclusive insurance to enjoy a retirement free of financial worries while keeping your standard and quality of living.
- Minimum term of 5 years.
- No limits on your contribution amount or sum insured.
- Tax-deductible as set out in the Income Tax Law.
- Choose the age at which you want to receive your savings, between 55 and 75.
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- You receive your money in monthly payments or as a lump sum.
- If you die before the end of the term, your beneficiaries receive the cash value or the total premium paid, whichever is greater.
- You decide at what age between 55 and 75 you want to access your savings.
- Make a single payment according to your means when you take out the policy.
Mi Jubilación
MAPFRE retirement life insurance with a guaranteed sum insured at the age you choose, as a PPR, deductible or non-deductible plan.
- Options: Mi Jubilación PPR, Deducible and No Deducible.
- You receive your savings goal at age 55, 60, 65, 70 or 75.
- Payments over the whole term or limited to 5 or 10 years.
- No medical underwriting for the basic cover.
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- If you die, the greater of the cash value and the premiums paid is paid out.
- Optional: accidents, total and permanent disability, critical illness and funeral services.
What they ask for to buy it
- Entry age: 18 to 70, depending on the retirement age and payment term.
- Term: up to age 55, 60, 65, 70 or 75 (minimum 5 years).
- Currency: pesos, dollars or UDIS.
Cuenta Especial para el Ahorro
Skandia Special Savings Account: your contributions give you tax relief, and you can combine it with a Personal Retirement Plan.
- Tax benefit for your contributions (you have until April to contribute).
- Tax deferral on your savings and their interest.
- Can be combined with the Plan Personal de Retiro for a double tax benefit.
- Funds from several managers selected by Skandia.
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- Direct debit payments and tracking in Skandia Net.
What they ask for to buy it
- Official ID, RFC (tax ID), proof of address and bank statement.
- Age to buy: 18 to 70.
Plan de Pensiones Skandia
Skandia pension plan for companies: supplementary retirement savings for your employees, with tax benefits.
- Defined benefit scheme: the company provides the retirement funds.
- Defined contribution scheme: employees and the company both contribute.
- The company deducts its contributions.
- Employees can deduct theirs through a Plan Personal de Retiro.
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- Returns exempt from income tax while they are reinvested.
- Investment in funds and mandates with several managers.
What they ask for to buy it
- Contact Skandia's institutional team through your agent.
Plan Personal de Retiro (PPR) Skandia
Skandia personal retirement plan: you save for retirement with deductible contributions while your money is invested in diversified portfolios.
- Contributions deductible up to 10% of your annual income, capped at 5 UMA.
- Option to defer taxes.
- From MX$30,000 if you want the tax benefit.
- Additional contributions from MX$1,500.
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- Personalized portfolio or Skandia premium portfolios.
- You receive your savings when you retire, usually from age 60 or 65.
What they ask for to buy it
- Official ID, RFC (tax ID), proof of address and bank statement.
Frequently asked questions
Retirement plan: how much does it cost?
It depends on what you want to protect, the sum insured, the deductible and the insurer. We get quotes from several companies so you can compare price and coverage.
Which insurers offer retirement plan across Mexico?
At 1SEGUROS we quote retirement plan with AXA, GNP, MetLife, Afirme, Allianz, Argos, Insignia Life, MAPFRE and Skandia.
How do I sign up?
Message us on WhatsApp at +52 999 316 7145 from anywhere in Mexico, or visit our office in Colonia Yucatán, Mérida. We ask for the information we need, show you options and issue your policy.
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Personal retirement insurance and plans
Save for retirement at your own pace, with protection along the way.