AEGON Home Coverage

For mortgages with state donation interest or market interest

Combined mortgage and life insurance protection

Before applying for a long term mortgage, many aspects must be considered. It is worth choosing a plan that can provide life protection as well as mortgage insurance coverage, since an unexpected event or death may easily destroy the financial balance of a family during the term of the mortgage.

The AEGON Otthon Fedezet life insurance combines all of the advantageous features of both the mortgage and the life insurance in one product.

Capital accumulation for life insurance

While paying the premium, the policyholder can accumulate the capital of the mortgage, beyond the coverage for life protection.

AEGON Hungary Composite Insurance Company Ltd. invests the savings and produces a guaranteed interest rate on the capital created by the premium payment. The repayment of the mortgage, if it is not finished before the maturity of the term, is covered by the capital and the yields accumulated during the term of the policy. The maturity benefit at the end of the term of the policy, which is the loan of the mortgage, will be repaid to mortgage lender.

The insurer will pay out the part of the sum assured which exceeds the sum of the mortgage for the beneficiaries at the end of the term. It means during the term, the policyholder has to pay only the interest of the mortgage and the administration fee for the mortgage corporation.

Life insurance protection

Having a mortgage is a risky, long term decision, which is why it is important to realize an unexpected tragedy should not cause a strain or a burden on the family.

Predictable costs

The sum of the premium is constant during the term of the policy.

Life insurance and tax rebates

Taking into consideration the present rules of the tax laws, the policyholder is entitled to opt for tax rebates for life insurance, even in the case of a joined product of life insurance and mortgage.

In case of a minimum of a 10-year-long-term policy, the amount of the tax rebate is 20% of the annual premium and 10% of the premium increase that exceeds the annual premium for the previous year. The amount of tax rebates, including other options for tax rebates, cannot exceed 100,000 HUF. However, if there was a withdrawal before the 10th policy anniversary, the total amount of tax rebates for the premium payments in the previous 3 calendar years increased by 20% must be returned and paid back to the Hungarian Tax and Financial Control Administration.

The partners of AEGON Hungary

Our company continuously enlarges its own partnership. AEGON Otthon Fedezet product works in connection with mortgage lenders from several banks and financial institutions.