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Is life insurance mandatory to apply for a mortgage? – Up-to-date floors

This optional mechanism covers the back of the heir in the event of death.

Receiving a home with a mortgage can be a potential cause for giving up the inheritance. To avoid these types of situations, people can protect their heirs with a number of tools. One of them is the contracting of mortgage life insurance linked to the loan.

This optional mechanism covers the back of the heir in the event of death. In this sense, from Cïrculo Legal Barcelona they explain that the 2019 Mortgage Law established that this practice was bank malpractice and clarified that hiring life insurance is voluntary.

Redacció / pisos.com

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