Mortgage protection cover
We offer a mortgage insurance plan, to our mortgage customers, so that they can look after their loved ones after they are gone.
How long does the protection last?
Until the age of 70
Who can apply?
Customers between the age of 18-49 years old
Why choose our mortgage protection cover?
You only have to answer three questions about your general health
You can change the protection amount during the entire insurance period
You can pre-pay your mortgage without affecting your insurance cover
Your insurance cover does not decrease with age
Why do I need mortgage protection cover?
We all worry about leaving our loved ones behind. The financial decisions you make today can influence their future. Mortgage protection cover can pay off part or all of your mortgage after death. The amount is tax free and indexed.
You can apply for mortgage protection if you are between the ages of 18-49 and you will remain protected until the age of 70.
What is the insurance amount?
The maximum insurance amount is 30 million ISK. The amount does not decrease with age like so many other insurance plans.
We can help you assess your needs and create a convenient payment plan. You can cancel your protection at any time, or change the amount to suit your circumstances.
Q & A
Do I need to fill out an application?
Can anyone apply for this type of cover?
Why should I apply for cover with Íslandsbanki?
What determines the price?
Can I cancel my cover?
Can I have several life insurance policies?
Who receives the compensation payment in the event of death?
How much insurance do I need?
Can I decide the life insurance amount?
Can I increase or decrease the insurance amount later on?
Does the insurance amount decrease with increasing age ?