Risk life insurance
Risk life insurance
Risk life insurance can be contracted with a loan and it is the best possible way to protect your loved ones from financial difficulties in case of occurrence of unwanted events. In case of death of the insured person, the insurance company covers the loan outstanding amount and releases the family from the obligation of further repayment of loan. You can contract the risk life insurance with any loan, whether new or in repayment, and it is especially recommended to contract it alongside mortgage loans with a longer repayment period.
Generali Insurance
Risk life insurance
In case of occurrence of an insured risk, the family does not inherit the loan debt, there is no risk that the bank will activate mortgage and potentially seize the residential unit if family does not continue with loan repayment.
Characteristics of risk life insurance:
- high coverage for a favourable premium,
- insured risk of death and risk of death due to an accident,
- insurance period is equal to the loan duration,
- currency clause – the premium and the insured sum are expressed in euros,
- the insured sum is paid only in case of death of the insured person during the insurance period,
- it does not have a savings component,
- insured sums are adjusted with the annuity plan in order to be equal with the outstanding amount in every moment.
Depending on the amount of the insured sum and the age of the insured person, it may be necessary for the insured person to undergo a medical examination before being accepted in insurance.
Light risk
Characteristics of Light risk insurance:
- Accidental death risk insurance
- The duration of the insurance is equal to the duration of the loan agreement
- The insured forest is paid out only in case of death of the insured due to an accident
- The insured sum is equal to the annuity plan, i.e. the balance of the loan debt
- It provides great coverage with an affordable premium
- No savings component