Life insurance associated with the mortgage. Required or Recommended | What about insurance direct express
We realize that most financial institutions set as a condition for granting the mortgage, the hiring of a life insurance policy in which you specify the mortgage as a beneficiary in the event of death or disability direct express of the insured.
Thus we consider vital to refer to the life insurance associated with mortgages, direct express and the abuse of power that perform a large number direct express of banks on the same contract.
Although there is no legislative requirement on this aspect, most banks are allowed to require life insurance contracts with insurance companies collaborating, or own insurance, created in order to maximize economic benefit, while ensuring the collection borrowed capital.
Virtually all customers of financial institutions accept these conditions require us mainly by the need for granting the mortgage. This fact should direct express not imply that as customers we are drifting against unfair demands of many of the banks.
Of course, in our view, hiring a life insurance policy covering at least the mortgage principal is more than recommended, since before direct express an unforeseen tragedy, we will be supported by appropriate direct express compensation against the payment of principal to stay then outstanding
But in no case should feel obliged direct express to hire the conditions that the bank requires, as a rule are less favorable than those found in the current insurance market. Check it is as simple as making a comparative life insurance, and see the difference in price between direct express the insurance offered by the bank and found the same regardless.
This comparison of conditions, direct express we can see that the advantages that the bank gives us about our differential, or EURIBOR, in most cases are not comparable to the savings we can get our life insurance hiring so outside the bank, although we set the Similarly, direct express the loan as beneficiary.
We must be aware that even if the bank does not grant any loan that does not have reliable guarantees of payment, and we have to do in the position to accept, is not something irrevocable. Once granted the loan, and elapsed the first year of life insurance associated with the mortgage, we must review the market situation and see if we want to maintain safe initial life with the bank, or if we reported greater savings hire so external to the entity.
Another of the tricks from some of the financial institutions direct express are done to avoid change or cessation of life insurance contract with the bank, is to arrange collection by a single insurance premium. This implies that the customer direct express pays once the total cost of insurance. This payment is made to become mortgage, adding the insurance amount, the loan principal. Making it very difficult, not to say impossible for the customer to choose freely a comparative life insurance annually, and to decide what is more in your favor.
Life insurance, are an investment that every human being if you could should do, because they help us solve problems of life, such as accidents, save for our children, in short, have many advantages and most importantly is that when we die we will have some money to make it economically to our family ... greetings Juan Carlos says: March 25th, 2012 at 20:24
Hi I am writing to you to expose my caso.yo I have a mortgage of 115,000 euros with sa nostra Balearic case the problem is that pay a monthly fee of 95 euros which I think is outrageous and I say that quota has that amount due to my age weight and height I wonder if I choose another insurance company as looking the other day online the most expensive with the same coverage I went out half plus I'm the one to which I face the mortgage and took more than a year paying such mortgage Many thanks for your help .. Luis Gascón says: March 25th, 2012 at 21:07
Tell the bank itself can set a number of conditions for granting direct express the loan, so that may require a life insurance contract as a way of securing the loan, but what is not legal in any case is that forced direct express to hire exclusively with its own insurance company, insurance company or collaborator it.
That is, the bank may require you to take out insurance to cover the outstanding principal of the mortgage in case of death of the owner, but in no case may force against
We realize that most financial institutions set as a condition for granting the mortgage, the hiring of a life insurance policy in which you specify the mortgage as a beneficiary in the event of death or disability direct express of the insured.
Thus we consider vital to refer to the life insurance associated with mortgages, direct express and the abuse of power that perform a large number direct express of banks on the same contract.
Although there is no legislative requirement on this aspect, most banks are allowed to require life insurance contracts with insurance companies collaborating, or own insurance, created in order to maximize economic benefit, while ensuring the collection borrowed capital.
Virtually all customers of financial institutions accept these conditions require us mainly by the need for granting the mortgage. This fact should direct express not imply that as customers we are drifting against unfair demands of many of the banks.
Of course, in our view, hiring a life insurance policy covering at least the mortgage principal is more than recommended, since before direct express an unforeseen tragedy, we will be supported by appropriate direct express compensation against the payment of principal to stay then outstanding
But in no case should feel obliged direct express to hire the conditions that the bank requires, as a rule are less favorable than those found in the current insurance market. Check it is as simple as making a comparative life insurance, and see the difference in price between direct express the insurance offered by the bank and found the same regardless.
This comparison of conditions, direct express we can see that the advantages that the bank gives us about our differential, or EURIBOR, in most cases are not comparable to the savings we can get our life insurance hiring so outside the bank, although we set the Similarly, direct express the loan as beneficiary.
We must be aware that even if the bank does not grant any loan that does not have reliable guarantees of payment, and we have to do in the position to accept, is not something irrevocable. Once granted the loan, and elapsed the first year of life insurance associated with the mortgage, we must review the market situation and see if we want to maintain safe initial life with the bank, or if we reported greater savings hire so external to the entity.
Another of the tricks from some of the financial institutions direct express are done to avoid change or cessation of life insurance contract with the bank, is to arrange collection by a single insurance premium. This implies that the customer direct express pays once the total cost of insurance. This payment is made to become mortgage, adding the insurance amount, the loan principal. Making it very difficult, not to say impossible for the customer to choose freely a comparative life insurance annually, and to decide what is more in your favor.
Life insurance, are an investment that every human being if you could should do, because they help us solve problems of life, such as accidents, save for our children, in short, have many advantages and most importantly is that when we die we will have some money to make it economically to our family ... greetings Juan Carlos says: March 25th, 2012 at 20:24
Hi I am writing to you to expose my caso.yo I have a mortgage of 115,000 euros with sa nostra Balearic case the problem is that pay a monthly fee of 95 euros which I think is outrageous and I say that quota has that amount due to my age weight and height I wonder if I choose another insurance company as looking the other day online the most expensive with the same coverage I went out half plus I'm the one to which I face the mortgage and took more than a year paying such mortgage Many thanks for your help .. Luis Gascón says: March 25th, 2012 at 21:07
Tell the bank itself can set a number of conditions for granting direct express the loan, so that may require a life insurance contract as a way of securing the loan, but what is not legal in any case is that forced direct express to hire exclusively with its own insurance company, insurance company or collaborator it.
That is, the bank may require you to take out insurance to cover the outstanding principal of the mortgage in case of death of the owner, but in no case may force against
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