Back to the blog
13 April 2026 7 min reading
Is life insurance compulsory with a mortgage? What banks do not tell you
The Real Estate Credit Contracts Act
Since the new mortgage law came into force, transparency has improved, but questions remain. The short answer is NO: the bank cannot force you to take out ITS life insurance.
However, the bank may require you to HAVE life insurance as security, while you remain free to take it out with the provider of your choice.
Was this useful?
Apply this information to your situation
Everyone’s situation is different. This is a general guide, but we can help you apply it to your case without obligation.
- Personalised guidance with no obligation
- We explain the options that best fit you
- Get your questions answered on WhatsApp in under 5 minutes