Guarantee your loved ones peace of mind
Your home mortgage loan will be paid off upon your death. Protect your dream home and your loved ones even if you are no longer around.
Debt balance
A home of your own, a safe haven for you and your family
If you or your partner dies prematurely or suddenly, debt balance insurance will pay off the mortgage loan.
That way, your heirs will not face any surprises. Know what to expect when the unexpected comes.
Why do I need debt balance insurance?
Financial security in times of need
Our debt balance insurance is a guarantee that your family will not be burdened with your loan after your death. It provides financial security and prevents your dependents from getting into financial difficulties.
Reduced interest rate
Debt balance insurance is not required by law. However, lenders may require it when taking out a mortgage loan to obtain lower interest rates.
You are always free to choose where to take it out. At Materné, you can arrange this insurance effortlessly, we will guide you through this important phase of your life.
Additional safeguards
Debt balance insurance may offer additional guarantees, such as:
- accidental death cover
- loss of job
- disability
These guarantees provide extra protection and security for you and your family.
What does debt balance insurance cover?
Debt balance insurance guarantees the repayment of a loan.
However, this is bespoke and can be put together in different ways:
- At whose death will the debt balance insurance be activated?
- You choose the percentage of your loan covered by the debt balance insurance.
- You can add additional safeguards, such as: coverage for job loss, disability, etc.
Frequently asked questions
Discover the most frequently asked questions about this insurance. Over the years, we have collected this information and summarise it here. Easy, right?
What are the exclusions in debt balance insurance?
Exclusions may vary by insurer, but typical exclusions are:
- deliberate concealment of health problems
- death by suicide within the first year of the contract
- intentional acts of the policyholder or beneficiary
What happens if I become incapacitated?
Some debt balance insurance policies provide cover in case of disability, paying off the outstanding loan if you can no longer work.
Can I transfer my debt balance insurance to a new home?
Yes, in most cases you can transfer your debt balance insurance when you move.
Materné is always by your side when your situation changes.
Is debt balance insurance the same as death insurance?
Both are life insurance policies, however:
- Debt balance insurance is specifically designed to repay the loan on death.
- Death insurance offers a wider range of coverage.
At Materné, we always look at all your needs. We look for the appropriate insurance products for you.
Is there any possibility of tax benefit with debt balance insurance?
No, this is unfortunately no longer possible.
Materné reviews your insurance portfolio to suggest other tax optimisations.
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