Are you about to take out a mortgage to become a homeowner? Have you thought about a mortgage or outstanding balance insurance?
This is very often requested by banks, and it allows you to protect your family against financial risk.
The main purpose of mortgage or outstanding balance due insurance is to reimburse in the event of death the amount you have defined, usually the amount equivalent to the loan. It can also be supplemented by the permanent total disability benefit. In the event of total and permanent physiological disability as a result of an accident or illness, the insurance will reimburse the defined amount.