When you buy a loan and the related credit insurance, you do it according to your current status. The credit insurance will take into account the latter to define its terms:
- price …
But will your insurance contract take into account the evolution of your borrower profile?
Borrower retired during the loan
In the perspective of changing your profile during the credit, you must take into account that you will retire . It will therefore be useless to continue to pay for an ITT, IPT or IPP guarantee. Few borrowers think of having it withdrawn and few insurers think about it for their clients.
Unnecessary Warranties for Retired Borrowers
So remember to check with your insurer that Total Temporary Disability coverage and Permanent and Total Disability and will be withdrawn when you retire . This can lower your contributions up to 50%. If your insurance refuses, this is a reason to change current loan insurance.
Evolutionary loan insurance solution
In both cases please note that the offers of loan insurance offered by Odette.fr are offers that automatically withdraw the guarantee work stoppage when the borrower reaches 65 years. In addition, if you want to change insurance because your current insurer refuses to change your contract, we will find you a better offer as much in terms of price as guarantees, whatever your borrower profile.
Loan Insurance and Smokers
The insurances have long been fixed in time, namely over the entire duration of the loan. Recently, insurance companies have changed their offer by making it flexible, especially for borrowers who smoke. If they stop smoking for at least 24 months during the loan, they can then move to non-smoking status and benefit from a sharp decline in their contributions.