You are considering taking out a loan or credit: whether it’s an installment loan or a mortgage.You are a bit worried because, like everyone else, you don’t know what the future holds and you want to be sure you can repay your credit until maturity.Did you know that you can accompany your loan with insurance whose premium is modest and that can protect you from financial uncertainties throughout the life of your credit?
A few words of explanation…
Without wanting to play on the economic situation affecting Europe or Belgium, it is clear that lately, not a week goes by without the media announcing a company restructuring, synonymous with job losses. Unfortunately, this can happen to anyone.
Sometimes you also borrow with your spouse or a third person, and an unexpected death seriously jeopardizes your repayment capacity.
The consequences of a payment default and a denunciation can be particularly stigmatizing.
Why take out insurance?
Without wanting to play on the economic situation affecting Europe or Belgium, it is clear that lately, not a week goes by without the media announcing a company restructuring, synonymous with job losses. Unfortunately, this can happen to anyone.
Sometimes you also borrow with your spouse or a third person, and an unexpected death seriously jeopardizes your repayment capacity.
The consequences of a payment default and a denunciation can be particularly stigmatizing.
What types of insurance policies?
Rest assured, you are not without means to overcome this kind of difficulty. The insurances that may be useful to you are generally of two types: unemployment insurance and outstanding balance insurance.What conditions?
Unemployment insurance
- Be at least 21 years old;
- Waiting period of 6 months after signing the credit contract;
- Be under an indefinite contract;
- Have completed your 3-month trial period;
- Be eligible for unemployment benefits.