In short
- The sum insured should cover the loan and a few years of family expenses.
- A policy with assignment for a mortgage is often cheaper than the bank's.
- Add-ons: critical illness, hospital stay, inability to work.
- Foreigners with a residence card can buy life insurance in Poland.
How to choose the sum
- The outstanding mortgage balance.
- 2–5 years of family living costs.
- Other debts (leasing, consumer loans).
Health questionnaire
For higher sums the insurer asks about your health. Answer truthfully — concealing an illness can lead to a refused claim.
Policy for a mortgage
Banks often lower the margin if you have life insurance with assignment. A non-bank policy qualifies if the sum and term match the loan.