Glossary 

 

Our glossary defines frequently used mortgage terms. Click on one of the following letters of the alphabet to locate a specific term on this page.

Life insurance

Taking out a life insurance policy enables to cover the amount of a property loan. It is not a legal obligation in France. However, potential buyers should be aware that French banks do not offer loans without it. In most cases, the mortgage protection and loan application are treated simultaneously. The mortgage protection is available in two options:
 • Cover of the remaining capital due in case of death or disability
 • Cover of the monthly payments in case of long-term incapacity due to accident or serious illness.
BNP Paribas International Buyers requires its clients to be protected for the amount of the loan through a life insurance policy, and has put together a special package with a French insurer to provide comprehensive cover.
 

BNP Paribas International Buyers is a business line of BNP Paribas Personal Finance.
BNP Paribas Personal Finance - Credit institution – Société Anonyme incorporated under French law with a share capital of 453 225 976 euros - 542 097 902 RCS Paris -
Head office: 1 bd Haussmann, 75009 PARIS Insurance Intermediary (N° ORIAS : 07 023 128) Insurer(s): Cardif Assurances