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Mortgage protection

Financial security when the unforeseen occurs.
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A chance to stay in your home, and time to create a new life situation

Mortgage protection is made up of two insurance policies that can help you to keep up with mortgage payments if there are sudden changes to your life situation, such as injury, illness, involuntary unemployment or a death. There are two components to the insurance: Bolåneskydd Liv (Mortgage Protection Life) and Bolåneskydd Inkomst (Mortgage Protection Income). It is up to you whether you sign up for both of these or just one.

Sign up for one or both

Mortgage Protection Life

Mortgage Protection Life ensures your family are not forced to move in the event of your death. You insure your mortgage, and the insured amount is paid out to the beneficiary of your choosing.
The insurer is Handelsbanken Liv.

  • The amount is paid directly to the beneficiary, who is free to decide how the money is used.
  • No tax is payable on the lump sum payment.
  • You can insure up to a maximum amount of three million SEK per person.
  • The insurance is valid until you reach 70 years of age.

How much does it cost?
The premium is based on the age of the policyholder and the insured amount. For example:
If you are 30 years of age and have insured SEK 1 million, you pay a monthly premium of SEK 56.
If you are 50 years of age and have insured SEK 1 million, you pay a monthly premium of SEK 140.

Mortgage Protection Income

Mortgage Protection Income can help to cover monthly mortgage payments, and provides an extra layer of security if you need time to resolve a new life situation, focus on your health or find a new job.
The insurer is BNP Paribas Cardif.

  • Mortgage Protection Income covers monthly loan fees, interest and any mandatory amortisation for the mortgages protected under the insurance policy.
  • Insure an amount of up to SEK 20,000 per month.
  • The pay-out goes directly to you, the customer. 

How much does it cost?
The premium is 3.46% of the insured amount. For the maximum permitted insurance amount, the premium is SEK 692/month (3.46% x SEK 20,000).

Who can take out mortgage protection?

Mortgage Protection Life

  • You have a mortgage with Handelsbanken (Stadshypotek).
  • You are at least 18 years old but under 64.
  • You have passed a mandatory health check.
  • You live in Sweden.

Mortgage Protection Income

  • You have a mortgage with Handelsbanken (Stadshypotek).
  • You are at least 18 years old but under 64.
  • You are fit and healthy, and able to work.
  • You are in permanent employment or are self employed, working at least 17 hours per week for the past six months.
  • You live in Sweden.

How to sign up

  1. Complete a needs analysis together with your advisor. 
  2. You will receive an sms and email with an application link from BNP Paribas Cardif and/or Handelsbanken Liv.
  3. Sign the application using Mobile BankID.

Contact your branch to start the process. 


Making a claim

Mortgage Protection Life

In the event of your death, Handelsbanken Liv informs the estate of the policy and attaches an insurance claim form. The payment is made by Handelsbanken Liv. 

Should you have any questions, contact Handelsbanken Liv via BNP Paribas Cardif
Tel: +46 (0)774 42 01 01
Email: handelsbankenliv@bnpparibascardif.se

Mortgage Protection Income

If you cannot work due to illness/injury, or involuntarily become unemployed, you notify BNP Paribas Cardif. 

Send your notification hereOpens in a new window

Should you have any questions, contact BNP Paribas Cardif
Tel: 0774-40 02 01
Email: info@bnpparibascardif.se


FAQ