¿Es obligatorio contratar un seguro de vida junto a la hipoteca?

Is taking out life insurance along with the mortgage mandatory? Can the bank force me to take out life insurance with the mortgage?

Hiring a life insurance with the mortgage is something highly recommended to avoid leaving financial burdens in the event of death. However, it is not mandatory to take out life insurance with the mortgage nor do you necessarily have to do it with the bank when signing the operation. In fact, the bank cannot force you, because it would be breaking the law.

Mortgage law is very clear when it comes to insurance linked to mortgages. In this sense, Law 5/2019, of March 15, regulating real estate credit contracts expressly prohibits tied sales. In other words, the banks cannot force you to contract any other product to grant you a mortgage or a loan. This is what is called linked sales. Therefore, the granting of the mortgage cannot be subject to the contracting of compulsory life insurance or any other insurance.

What the law does allow are combined sales. In a combined sale, the bank offers special conditions in the operation, such as reduced interest, for example, when taking out life insurance or another type of policy.

Furthermore, the bank must offer the customer two separate offers, one with the bonus and one without it, so that the customer can properly compare prices and decide whether or not the combined offer is of interest to them.

In the event that the bank does not grant you the mortgage for not taking out insurance, you can claim and even denounce the entity, since what it is doing is illegal.

Compare Mortgage Life Insurance Prices

Hiring life insurance linked to a mortgage is highly recommended to avoid leaving debts.

To find out if it is really worth taking out life insurance with the bank, it is best to compare prices.

Use the  PuntoSeguro.com mortgage life insurance comparator  and you will see that ensuring peace of mind for your family is much easier than it seems.

At  PuntoSeguro  we not only process your life policy, but we also help you with any future process you may need. We also advise you when taking out your policies and we inform you of the best rates to renew your insurance with the necessary advance notice.

If you have your mortgage life insurance with the bank, switch to PuntoSeguro 40

If you already have mortgage life insurance with the bank, changing your policy to PuntoSeguro saves you 40% of the premium.

Take out your mortgage life insurance cheaper than at the bank with PuntoSeguro 40  and get a discount on the policy forever.

With the  PuntoSeguro.com mortgage life insurance comparator  you will be able to find out how much you can save on your mortgage life insurance.

If you already have the insurance with the bank, select the «Bank» option and enter the annual amount to obtain the price with PuntoSeguro: a guaranteed 40% discount. Once the price is obtained, you can contract directly from the web or request a commercial call. Easier, impossible.

And just by taking out a life policy at PuntoSeguro you will participate in the #RetoPuntoSeguro, an exclusive challenge for all PuntoSeguro customers. Through the   PuntoSeguro Fit App  , the physical activity of each user is rewarded through challenges, both individual and collective.

In addition to keeping track of your daily physical activity and contributing to social causes (collaborating in overcoming the collective challenge), you can obtain a discount of up to €120 on each renewal of your insurance, as you overcome the individual challenge month after month.

If you need more information to take out insurance or need any additional clarification, do not hesitate to  contact  us.

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