Why should I insure my loan instalments against incapacitation and job loss?

As borrower, you have a payment obligation over a defined period. Reduction of income in case of job loss and incapacitation due to disease or accident is normally considerable. Unless adequate provisions are made earlier, frequently the installments cannot be paid any more. This is where the residual debt insurance takes over. It accepts the liability of your installment in such difficult times and relieves you.

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