People and workforce
Redemption
Ability to recover totally or partially the accumulated savings in a life savings insurance before its maturity.
In practice
The policy sets when and with what penalty. It is advisable to look at it before contracting, because the difference between a liquid product and one that is not is not appreciated until the money is needed.
Where it is addressed
This term is covered in Ahorro y jubilación and applies when taking out Ahorro familiar.
