The life insurance policy that protects your family and mortgage: discover why GenialLife is right for you

Who is GenialLife suitable for?

GenialLife is a term life insurance policy, useful in particular:

• for those who want to take care of the people they love;
• for families who have taken out a mortgage.

Protect who you love: ensure the financial stability of your family

The GenialLife life insurance policy is a useful insurance solution for those who need to protect their loved ones from a negative event. The life insurance policy provides solid financial support in a time of difficulty and allows for looking to the future with greater peace of mind.

Life insurance for the mortgage: protect your investment with GenialLife

GenialLife by Allianz Global Life is the life insurance that is with you in your most important projects, such as buying a home. In the event of your premature death, with a reduction in income flow, the insured capital allows you to meet ongoing financial commitments.

GenialLife is the ideal solution for those with a mortgage and, over time, want to adjust the insured capital and the premium to the value of the remaining debt year by year.

In fact, when renewing the policy, you have the option to lower the insured capital: this way, the premium can decrease over time.

Additionally, if you repay the mortgage before the scheduled term, you can terminate the life insurance policy without formalities at the next annual expiration.

Some useful tips:

• Joint mortgage: in the case of a joint mortgage between two people, to ensure complete protection for their family, the holders can choose to take out two separate policies, with insured capitals halved compared to the mortgage value. Alternatively, they can both decide to insure themselves for the entire mortgage value. It is a free choice of the insured aimed only at ensuring the peace of mind of their loved ones in case of a negative event;
• Bank protection: in a life insurance policy aimed at protecting the mortgage, the chosen beneficiary can be any person, such as children or the spouse, who, with the money received from the insurance, can immediately repay the debt to the credit institution. By doing so, if at that time the remaining debt to the bank is less than the amount received from the insurance, the excess part would remain with the beneficiaries;
• Mortgage transfer: GenialLife can be chosen as a protection solution even in the case of a mortgage transfer, insuring the remaining amount.

Your insurance needs change over time: why bind yourself to a multi-year contract?

GenialLife accompanies you for up to 20 years and up to 70 years of age, but only if you want to. Each year you will receive the renewal proposal well in advance of the expiration date, but, without automatic renewal, you are the one to evaluate what you need each time. If you decide not to renew the policy, there will be no additional costs.

Take advantage of the flexible premium benefits

The GenialLife insurance premium is not averaged over the long term and therefore, compared to constant capital and premium solutions, costs much less from the start.

Additionally, the possibility of updating the amount year by year allows you to always pay the right amount, even with a natural premium, which adjusts according to age.

GenialLife is a flexible policy capable of adapting to any situation, so a valid prospectus for all cases is not available. To understand how it works, you can try it yourself: fill out the online quote calculator, increasing your age by 1, 2, 3 years and setting the capital you might need, and discover the convenience of the GenialLife premium.

With GenialLife, you insure yourself without constraints and without worries: if you haven't done so yet, try it now by saving a personalized quote based on your needs.