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LR FINANCES30YEARSOF TRUSTSince 1997

For individuals

Outstanding balance insurance

If the borrower dies, outstanding balance insurance repays all or part of the capital still owed. Your family keeps the property without taking on the monthly repayments. Most mortgage lenders require it, and you are not obliged to take it out with them: we compare.

Receive an offer

Tell us what you want to insure. We'll come back to you with a priced proposal.

Our partner insurers

  • AXA
  • AG
  • NN
  • Allianz
  • Cardif
  • Baloise
  • DKV
  • DAS
  • Vivium
  • AFI ESCA
  • Patronale Life
  • ARAG

Useful if

  1. 1You are signing a mortgage and the lender asks for this cover.
  2. 2You borrow as a couple and want to protect the other if one dies.
  3. 3You want to compare with your lender’s offer before signing.

What the policy can cover

  • Repayment of the outstanding capital in the event of death
  • Cover on one or two lives, with a share to be split between borrowers
  • Level or decreasing capital, depending on the loan it protects
  • Single or regular premium (annual, half-yearly, quarterly or monthly), depending on the insurer

The exact cover, excesses and exclusions depend on the insurer and the policy. We compare 12 insurers and give you an offer.

Why most lenders require it

When you take out a mortgage, the lender wants to be sure that the outstanding capital will be repaid even if the borrower dies before the end of the term. Outstanding balance insurance pays this capital to the lender, and your family keeps the property without taking on the monthly repayments.

It is not a legal requirement, but in practice it is a condition for granting many mortgages.

You are not obliged to take it out with your lender

The lender may offer its own outstanding balance insurance, but you have the right to take it out elsewhere, provided the cover is equivalent. The price can vary considerably from one insurer to another for the same share and the same capital, particularly depending on your age.

Share, level or decreasing capital: the choices to make

For a loan taken out by two people, each borrower chooses a share of cover, split equally or differently depending on each person's income. The insured capital can remain level throughout the term or decrease along with the outstanding loan capital, which makes the premium lower.

What our clients say…

Read all reviews on Google
  • Je suis vraiment très contente du service que j’ai reçu. Toute l’équipe a fait preuve d’un grand professionnalisme et d’une vraie qualité de service du début à la fin. Je me suis toujours sentie accompagnée et soutenue, avec une présence constante et beaucoup d’attention à mes besoins. On sent que chacun donne son maximum pour satisfaire les clients, et cela fait toute la différence. Je tiens à remercier tout particulièrement le courtier Monsieur Kubat Ali pour son professionnalisme, sa disponibilité et son accompagnement tout au long du processus. Son écoute et son implication ont été très appréciées. Un grand merci à toute l’équipe pour leur gentillesse et leur travail de qualité. Je recommande vivement !

    Sirin Yildirim

  • Merci beaucoup à Pinar pour tous les démarches qu'elle a effectuée pour l'obtention de notre crédit! Dès le début elle a été présente, et une personne de confiance. De nos jours c'est tellement difficile de trouver un gestionnaire qui suit parfaitement ces dossiers pour la satisfaction du client. Merci encore!

    Ciftci Baris

  • Excellent service, bon accueil, toujours disponible avec ses clients. Merci à vous Monsieur Bayram. Vous êtes quelqu'un d'exceptionnel et gardez toujours votre sourire et votre hospitalité. Franchement à recommander.

    Chris Luedi

Who will call you back?

Your request is handled here at Passage Charles Rogier by the person who will see it through to signing.

  • Rüstem Liman

    Rüstem Liman

    Financial manager

  • Pinar Mugla

    Pinar Mugla

    Sales associate, mortgages and insurance

  • Ali Kubat

    Ali Kubat

    Mortgages

  • Bayram Cakir

    Bayram Cakir

    Mortgages

  • Bahar Celik

    Bahar Celik

    Instalment loans

  • Tolga Demirkazik

    Tolga Demirkazik

    Insurance account manager

  • Sinan Yilmaz

    Sinan Yilmaz

    Insurance account manager

  • We see clients by appointment, Passage Charles Rogier 10, two minutes from Rogier metro station.

    02 203 24 34

Your questions

Is outstanding balance insurance compulsory?

The law does not require it, but most mortgage lenders ask for it as a condition of the offer. It repays all or part of the remaining capital if the borrower dies.

Do I have to take it with my lender?

No. You can take it out with another insurer, provided the contract meets the lender’s requirements. We compare our partner insurers so you can choose with full knowledge.

What does the share covered mean?

It is the part of the capital covered for each borrower. With two borrowers, the cover is split between the two, for example according to each one’s income.

Constant or decreasing capital?

With constant capital, the insured amount stays the same for the whole term. With decreasing capital, it falls as you repay the loan. The choice depends on the type of loan the insurance protects.

Our other insurance products

For the self-employed and businesses