Private BUSINESS PRIVATE BANKING ABOUT THE BANK C REWARDS
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PRIVATE BANKING
ABOUT THE BANK
C REWARDS
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  1. Private customers
  2. Borrower’s life insurance

BORROWER’S LIFE INSURANCE

Protects loved ones from credit obligations in case of sudden loss of life.


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Apply for a consultation Claim online

Service provided by Citadele subsidiary AAS "CBL Life".

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Paying off your loans

Share your financial responsibilities with us in the case of death.

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Option to insure additional persons

Add accident insurance additionally.

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Ability to choose insurance according to your needs

Purchase additional accident insurance.

why insure borrower

Why insure?

  • If you have loans - for example, a mortgage, leased car or any other long-term obligations - then borrower's life insurance may be useful. You can insure your life for the amount of your loans so that, if something occurs, your family is not left with outstanding debts.
  • In addition, you can insure the life of the guarantor and co-borrower.
  • Borrower's life insurance can be purchased even if your loan is with another bank.
Apply for a consultation

Add aditional accident insurance

Choose additional accident insurance for yourself and your family, and avoid sudden financial expenses resulting from broken bones, injuries, permanent disability or death.


Apply for a consultation

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Important

  • Assess your needs: what kind of protection do you require and whether it is provided by the selected product.
  • Check the terms and conditions of the insurance contract: what will be the insurance coverage, when will the insurance benefit be paid, what will be the monthly premiums and in what order they will need to be paid.
  • Check the detailed list of non-insurable events: find out in cases of which events or activities the insurance benefit will not be paid.

Check the rules of borrower’s life insurance (in Lithuanian).

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Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
Can a co-borrower also take out an insurance policy?

If there are two borrowers, the insurance contract can cover two insured persons — the borrower and the co-borrower or guarantor.

Who needs life insurance?

Life insurance can ensure the financial security of the insured person and their family in the case of accident, illness or disability, or of the family in the case of death. We recommend life insurance to insure the life and health of the main breadwinner of the family, especially if there are young children in the family and you have long-term financial obligations. In the event of an accident, the insurance payout would cover your financial obligations.

What is the cost of borrower’s life insurance?

The insurance premium amount is calculated individually for each customer, taking into account the size of the loan, the age of the insured person, any health conditions, and any additional insurance coverage.

What is the maximum life insurance sum?

The maximum life insurance sum is determined individually.

Who can take out a borrower’s life insurance agreement?

Persons aged 18 to 69 (inclusive), who are clients of Citadele Bank and have taken out a mortgage loan from Citadele Bank or any other bank. It should be noted that the maximum duration of the insurance contract is until the insured person reaches the age of 70.

More questions
Can a co-borrower also take out an insurance policy?

If there are two borrowers, the insurance contract can cover two insured persons — the borrower and the co-borrower or guarantor.

Who needs life insurance?

Life insurance can ensure the financial security of the insured person and their family in the case of accident, illness or disability, or of the family in the case of death. We recommend life insurance to insure the life and health of the main breadwinner of the family, especially if there are young children in the family and you have long-term financial obligations. In the event of an accident, the insurance payout would cover your financial obligations.

What is the cost of borrower’s life insurance?

The insurance premium amount is calculated individually for each customer, taking into account the size of the loan, the age of the insured person, any health conditions, and any additional insurance coverage.

What is the maximum life insurance sum?

The maximum life insurance sum is determined individually.

Who can take out a borrower’s life insurance agreement?

Persons aged 18 to 69 (inclusive), who are clients of Citadele Bank and have taken out a mortgage loan from Citadele Bank or any other bank. It should be noted that the maximum duration of the insurance contract is until the insured person reaches the age of 70.

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Accident insurance

Choose accident insurance for yourself and your family and avoid sudden expenses after accidental injuries, disability or even death. Service provided by Citadele subsidiary AAS "CBL Life".
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