Borrower insurance: constant or decreasing premium?
Your loan-insurance premium can be calculated in two very different ways. The choice changes what you pay early and the total cost.
Constant premium
Calculated on the original loan amount and identical throughout the loan: simple to budget, often higher at the start.
Decreasing premium
Varies with outstanding capital (falling) and age (rising); often lower at the start. Compare total cost over your expected term.
Frequently asked questions
Which is cheaper?
It depends on age, term and capital: only a simulation on your file can tell.
Borrower insurance
Borrower insurance (loan insurance, mortgage life insurance) protects you and your lender if life disrupts…
Switching borrower insurance
Already have a mortgage and think you pay too much for insurance? Substitution lets you replace the original…
Non-resident loan insurance
Living abroad often makes loan insurance hard to get: many contracts only cover French tax residents. We…
Insurance for US residents
Buying in France from New York, Miami, San Francisco or Austin: financing is possible but insurance is often…
Insuring a stay-at-home spouse
When one co-borrower stays home with the children, many banks insure only the working spouse. Yet losing the…
Senior loan insurance – up to age 89
Many contracts cap the end-of-loan age at 75 or 80. Depending on available offers, we review cover up to age…
Borrower insurance cover
Two loan-insurance contracts can look identical and protect very differently. Here are the covers to…
Cancelling under the Lemoine law
Since the law of 28 February 2022, you can cancel your mortgage insurance at any time. Here is what…
Let’s talk about your project
A few questions, a personalised review of your borrower insurance.