Oosterhout, 2 November 2021 – The renewed Hypotheek Aflos Verzekering from BNP Paribas Cardif can now also be applied for with an existing mortgage. In addition, the customer and advisor now choose the amount to be redeemed on the mortgage. With these changes, the insurance is now available to the majority of homeowners in the Netherlands.

More advice options
By also making the insurance available for existing mortgages, advisors can also offer the insurance to their customers at a later, quieter moment. In addition, the insurance is now also ideal for aftercare processes. Moreover, the advisor and customer now choose the level of the repayment of the mortgage in the event of disability. An amount can be chosen up to a maximum of 60% of the mortgage debt with a minimum of € 25.000 and a maximum of € 150.000.

More beneficial with a new mortgage
If you apply for the insurance no later than three months after the mortgage is passed on, you will receive a 15% discount on the premium for the disability coverage. With a new mortgage, the customer can also opt for additional coverage for unemployment.

The first repayment insurance for incapacity for work
In 2017, BNP Paribas Cardif introduced the Hypotheek Aflos Verzekering; the first repayment insurance for disability. The Hypotheek Aflos Verzekering pays off a large part of the mortgage at once if the customer becomes incapacitated for work. This lowers the mortgage, so that the monthly mortgage payments decrease, at a moment when the customer needs it the most. Find more information here.

Marieke van Zuien comments on mortgages insurance