Loan Balance Insurance

When you take out a mortgage or another long-term loan, you want the peace of mind that your family won’t be left with the financial burden if something happens to you. Loan Balance Insurance offers that protection.

How it works

Loan balance insurance is linked to your home loan (or another credit). If you pass away before the loan is fully repaid, the insurance pays off the remaining balance — fully or partially — so your family can keep the home without financial worry.

Key features

• Protection for your family – your loved ones are not left with debt if the unexpected happens.
• Flexible coverage – you choose whether the insurance covers the full balance or just a part.
• Optional additional cover – extend protection to include serious illness or disability.
• Tailored premiums – one-time, annual, or monthly payments, adapted to your financial situation.

Why it matters

Buying a home is one of life’s biggest investments. A loan balance insurance ensures that investment is protected — and that your family’s security isn’t at risk.

Example

• You take out a mortgage of €200,000.
• You choose loan balance insurance that covers 100% of the debt.
• If you pass away unexpectedly, the insurer pays off the entire remaining loan, so your family can continue living in the home, debt-free.