Jakarta, CNBC Indonesia – Has it ever crossed your mind, what happens when your partner, who is currently paying off their house in installments through a mortgage (KPR), dies? Will the installments fall to you as the heir or will they just be paid off?
Both of these things are very possible, and if you mind and want to reject it. You can also reject the inheritance of the house that has not been paid off.
However, you may be curious about how a house that is still being paid in installments can be paid off immediately when the mortgage customer dies.
For those of you who are curious, here is the complete review.
Credit life insurance
It is natural that when someone dies, financial risks will arise which must be borne by the heirs who wish to receive their inheritance. And debt is certainly a financial burden to bear.
Insurance actually plays a role in shifting the financial burden. However, to be able to get insurance benefits, KPR customers must pay a premium accompanied by regular house installments.
By having life insurance, the remaining outstanding mortgage debt will be paid by the life insurance company. In this way, heirs can own a house that was previously still credited in full.
But how do we buy life insurance when applying for a mortgage if you use joint income credit?
If there is a first to die option, then choose that option. Choice first to die states that the insurance company will pay off the mortgage debt if one of the borrowers or their spouse dies.
[Gambas:Video CNBC]
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