life insurance

THIS is a common question posed by our clients when they come to see us here in the Dordogne.

French law requires that all real estate loans in France be insured so that the lender is paid in full in the event of the borrower's death. While it is possible that an existing life insurance policy could be assigned to the bank and offered as proof of insurance, typically the bank will impose its own policy at fixed rates as a requirement of granting the mortgage.