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Mortgage insurance in Israel
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Why choose us?
Buy security and peace of mind
Meeting all your needs in mortgage insurance
No need to call each insurance company — leave your details and we’ll take care of the rest!
We guarantee some of the lowest prices on the market and succeed in getting you the best deal.
We handle all processes with the insurance companies for you, so you can relax knowing you're in good hands.
We manage the entire process digitally — fast and convenient
Service Index in Life Insurance for 2022
Capital Market, Insurance and Savings Authority (June 2023)
Ayalon ranked first in the 2022 service index
Phoenix
85
AIG
85
Migdal
84
Menora
82
Measured by the following parameters: claim payments, processing speed, customer service, public complaints, phone response times, digital tools.
Life and property insurance in one place
Nothing beats the peace of mind knowing that everything important to you is protected
Mortgage life insurance policy is not only a bank requirement but a tool to protect the bank and the borrower's family against inability to repay the loan in case of the borrower's death. The insurance policy includes relevant parameters for each borrower such as age, health status, mortgage amount, and mortgage term. In case of death, God forbid, mortgage life insurance also assists the family and prevents them from having to cope with heavy debt during a difficult period.
- Financial stability for the family: A guarantee that there will be no need to deal with mortgage payments while already coping with such a heavy loss.
- Personalized and tailored service: We understand that every client is a world of their own, so we offer a personal approach, focus on your specific needs, and provide quick and professional responses to every inquiry.
Banks require mortgage holders to have building insurance, but beyond that, it provides protection to property owners. If something happens to the building itself, building insurance helps restore the property to its original condition and protects your investment. Your home is not just a place you live; it is also a significant investment and important to maintain.
- Bank obligation and beyond: not only because the bank requires it, but because it is right for protecting your family and investment.
- Why use services of insurance agents specializing in mortgage life insurance and building insurance?
Why use services of insurance agents specializing in mortgage life insurance and building insurance?
Professional advice: we understand your unique needs and provide personalized consultation to ensure you get optimal insurance coverage.
Policy adaptation: experienced agents tailor various mortgage life and building insurance policies according to each client's specific needs and budget.
- Excellent customer service: agents provide support at every stage of the process, from initial advice to claims handling when needed.
- Professional insurance portfolio management: agents help manage insurance policies in an organized and efficient manner, maintaining regular updates and annual reviews to ensure coverage still fits each client's needs.
- Ability to compare different insurance companies: recommended agents on the NewKey site offer the ability to compare a wide range of insurance companies so clients can choose the best option for their needs.
- Claims process support: professional agents accompany clients in case of claims to ensure they receive the compensation they deserve quickly and efficiently.
Information about insurance agents
On the NewKey site, their main goal is to offer information about professional insurance agents specializing in mortgage life insurance and building insurance. NewKey believes that choosing the right professional insurance agent can save clients time, money, and provide peace of mind when purchasing new property or updating existing insurance policies.
Here you can find information about professional insurance agents specializing in mortgage life insurance and building insurance. The site provides relevant information about leading agents in the field, each offering professional and high-quality services to ensure you get the optimal insurance coverage.
Reviews
I used the NewKey website to find life insurance for my mortgage, and I highly recommend it. I was able to compare several insurance companies and find the most worthwhile option for me. The personal service I received was above and beyond, and it saved me a lot of time and headaches.
I couldn't believe how simple and efficient the process was. In addition to mortgage life insurance, I also took out home insurance and received personal insurance advice that helped me understand which type of insurance was most suitable for me. The feeling is that I'm not just buying a product, but also improving my ability to manage my finances.
All the small details that sometimes escaped me became clear when I used NewKey. We received a significant discount, and thanks to the agent who guided us, I was very satisfied with the personal service and the option to consult with an expert at any time.
נתאים לכם יועץ נדל"ן שנבדק על ידינו
Questions and Answers (FAQ)
Yes, it is possible to switch mortgage insurance companies mid-term for both life and structural insurance, provided the new policy meets the lender's requirements. Notify the lender, secure the new policy before canceling the old one to avoid coverage gaps, and check for cancellation fees. Consulting a professional, such as through NewKey, ensures compliance and optimal coverage.
The price is determined by factors like the insurance amount, age, health status, and policy duration. Life insurance premiums may increase with age or health changes, while structural insurance typically remains stable unless property value or risks change.
The insurance can continue, but the new bank must be named as the beneficiary for life insurance or listed in the mortgagee clause for home insurance. Verify coverage meets the new bank's requirements, and adjust or replace the policy if needed. Check for fees related to beneficiary changes.
Yes, mortgage insurance includes: Mortgage life insurance, covering the loan balance in case of the borrower's death; Structural (home) insurance, protecting the property against damages like fire or earthquake; and optional Contents insurance, covering personal belongings.
Understand your coverage needs, collect quotes from multiple insurers, review coverages and exclusions, compare prices relative to coverage, check terms like age limits, and read customer testimonials. Consult a NewKey agent to ensure the best choice.
Mortgage insurance, required by banks per Bank of Israel guidelines, protects borrowers and the bank. It includes life insurance, covering the loan balance in case of death, and home insurance, covering property damage from events like fire or earthquake.
Usually yes, as banks require it per Bank of Israel guidelines to secure the loan. Exceptions are rare and may increase interest rates or reduce loan amounts. It protects the family from financial burden and the bank from default.
The lending bank is the primary, irrevocable beneficiary, receiving the outstanding loan balance in case of the insured's death. Any remaining amount goes to the policyholder's designated beneficiaries or heirs.
Yes, the maximum entry age is typically 74, with coverage potentially extending to age 80, depending on the policy term.
Private life insurance is purchased voluntarily, with flexible amounts and beneficiaries chosen by the policyholder. Mortgage life insurance is required by the bank, with the bank as the beneficiary and the amount decreasing with the loan balance.
