Protect your loved ones and secure your loans. With this video, you can understand the advantages of the mortgage insurance or outstanding loan balance insurance and how it works if unforeseen events occur.
#LALUXShorts Mortgage Insurance
Are you about to purchase a house or an apartment and take out a mortgage? Then you should also consider subscribing to a mortgage insurance. Moreover, banks often require it.
Indeed, its main purpose is to repay the capital in the event of death.
Generally, this is equivalent to the loan amount and gradually decreases over the course of the contract.
You can even enhance your mortgage insurance with an additional guarantee that reimburses the covered capital in the event of disability.
On the other hand, if you are living as a couple, there is a variation of the insurance that reimburses the entire remaining capital upon the first death of either insured party.
A mortgage insurance brings peace of mind to families, couples, and even singles. It serves as a way to simplify the inheritance process for your loved ones.
Lastly, it’s good to know that this insurance benefits from a very advantageous tax treatment.