01
Feb
Life insurance linked to the mortgage loan is something that banks demand from their customers and if we think about it it makes a lot of sense. A mortgage is usually a commitment for several decades and life is full of uncertainty, so in case of death, our debt would be covered. Otherwise, it would become the responsibility of our legal heirs, something that nobody wants. Does the law require me to take out life insurance with the mortgage? According to the new real estate credit law, in force since June 16, 2019, the bank cannot force us to take…
