MORTGAGE SERVICES
In the United Arab Emirates, the number of people buying property in the region
is growing rapidly – as is the corresponding mortgage market to support this growth.
There are now over a dozen banks offering mortgages in the region and in the same
way that these banks will protect their financial interests, homebuyers need to
ensure that their property will be protected if they find themselves unable to pay
their mortgage in the future. When taking out a mortgage, homebuyers are also required
to provide a life insurance policy. Historically, the banks have had agreements
to work with local company insurers for this business, but as life cover doesn’t
tend to be their core business their products can be inflexible.
A comprehensive and flexible whole of life policy is one answer; we know that your
life and circumstances may change, so being able to amend your protection package
to be aligned with your new position is paramount. In addition to life protection,
consider an offer of a wide range of additional benefits such as:
- Stand-alone life cover
- Permanent total disability
- Critical Illness 1
- Family income
- Accidental death
- Accidental dismemberment
- Hospitalization
- Long-term care
- Waiver of premium
- Free airplane cover
1A lump sum payment in case the insured is diagnosed with a critical
illness such as a heart attack, stroke or cancer