Real Mortgage Life Insurance

Mortgage life insurance is a policy linked to a home loan that guarantees repayment of the amount owed to the bank should the insured person die or suffer a serious disability.

Yes. Decree-Law No. 222/2009 allows the transfer to an insurer with more advantageous conditions, even during the term of the contract.

It covers Death and Disability (with Total Permanent Disability up to the age of 67), allows automatic updating of capital, fast risk assessment and continuity up to the age of 85.

Once the loan is fully paid off, you must notify the insurer.

The insurance should match the term of the loan and respect the age limit (usually 85 years), ensuring appropriate protection.

Simulate cover and capital, include TPD, read the pre-contractual information and the General Terms and Conditions, and speak to a specialist agent at Real Vida Seguros for personalised support.

Before the contract is concluded, information must be provided on the cover and respective premiums, the method of payment and applicable charges, the tax regime and any benefits.

The policy must state the start and end dates, the premium, the method of payment, the sum insured, the insured persons, the beneficiaries and the cover taken out, formalising the legal rights and obligations.

It depends on the amount to be insured, the risk (probability of occurrence), age, additional cover and exclusions.

TPD cover applies to an irreversible incapacity equal to or greater than 60%, resulting from accident or illness, that prevents the Insured Person from carrying out their occupation or any other gainful activity compatible with their abilities.

It protects the family and assets: in the event of death or disability, the insurer pays off the debt, sparing the heirs from charges, preserving assets and ensuring financial stability for the beneficiaries.

Yes. In the event of death, the difference between the sum insured and the debt is paid to the designated beneficiaries.