Not required by law, but banks often ask for them as a condition for a mortgage.
Solutions
Outstanding balance insurance
Are you buying a home with a loan? Then you want to be sure that your family will not be left with financial worries if you were to pass away unexpectedly. A mortgage protection insurance ensures that (part of) your outstanding loan will be repaid. This way, you protect your partner and family from heavy financial burdens. Van Dessel guides you towards a solution that perfectly matches your loan and personal situation.
What is a outstanding balance insurance?
A balance outstanding insurance is a life insurance policy specifically linked to a loan, usually a mortgage loan.
If you pass away during the term of the loan, the insurer pays back the (remaining) outstanding amount in full or in part. The coverage percentage determines how much is repaid (for example, 100% or 50%).
This insurance provides financial security for your loved ones and is often required by banks when taking out a home loan.
What are the benefits?
Covers the repayment of your loan in the event of death.
Covers the financial protection of your partner and family.
Covers peace of mind throughout the entire term of your loan.
Covers flexibility in coverage and allocation key between partners.
Who is this insurance for?
A outstanding balance insurance is recommended for:
- Anyone taking out a mortgage loan
- Couples who are financing a home together
- Single individuals who want to protect their heirs
- Families who want to maintain financial stability in case of unexpected events
Even when the insurance is not mandatory, it remains highly recommended.
What is covered and what is not?
What is covered?
- Repayment of (part of) the outstanding loan in the event of death
- Choice of cover (e.g. 100%, 50/50, 70/30, …)
- Cover for the entire term of the loan
- Option for a decreasing sum assured
What is not covered?
- Death outside the terms of the policy
- Non-payment of premiums
- Full cover if you opt for partial cover
- Additional financial buffer in excess of the sum insured
How much does this insurance cost?
The premium of a loan balance insurance depends on several factors:
- Your age at the time of enrollment
- Your health and lifestyle (for example, smoking)
- The amount and term of your loan
- The chosen coverage (100% or divided between partners)
- The payment plan (single premium or periodic payments)
The younger and healthier you are, the more favorable the premium usually is.
"Thank you for the excellent support with my claim."
Family J. from Berchem
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Everyone has different circumstances, plans and priorities. That's why we start by listening to your story. Whether it's your home, family, mobility or financial future, we provide advice tailored to what matters most to you.
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With more than 80 years of experience, we help you make the right choices in an increasingly complex insurance market. Our specialists analyse your needs and provide clear, independent advice, so you can look ahead with confidence.
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protection for today and tomorrow
We look beyond individual insurance policies and provide protection that evolves with your life. If the unexpected happens, you can count on a trusted partner to guide you from claim to solution.
Would you like to receive a quote?
Do you want to be sure that your mortgage poses no risk to your family?
Our experts will analyze your loan and advise you on the right coverage and plan. This way, you are optimally protected without unnecessary costs.
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