Life Insurance Credit
Life insurance linked to loans, especially mortgages in Portugal, protects the family from inheriting debts in the event of the policyholder's death or disability , settling the outstanding balance with the bank. Although not legally mandatory, it is required by most banks to approve the loan, reducing risks for the institution.
Family Protection
In the event of death, the insurance pays the outstanding capital to the bank , preventing heirs from losing their home or facing impossible payments. For total and permanent disability, it covers installments or the outstanding balance, keeping the home secure.
Guarantee to the Bank
It reduces the risk of default , which can result in lower loan spreads. The main beneficiary is the bank, but any remaining funds may go to the family, depending on the insurance company.
Covers
Death
Total and permanent disability
Total and permanent disability
Optional: Serious Illness, Involuntary Unemployment...
Insurance Transfer
At AJSEG, we clarify all doubts and support the process of transferring your life insurance policy from your bank. In situations where the insurance is transferred from the bank, savings can be up to 60%.