10% of Belgians insure their loved ones in order to cover their needs in the event of death. This is also the proportion of our citizens who never reach retirement age! Scary, isn’t it?
You probably don't think about death because you are one of those people who look after their health and take control of their destiny (eating, exercise, lifestyle, etc.), but who can know what the future may hold and when an unfortunate event may occur? This is why the death insurance comes into play: to provide financial assistance to your family. This solution allows you to maintain the lifestyle of your loved ones, protect your children’s schooling until completion, their inheritance, the financial well-being of your partner, or even the continuity of your company if you are self-employed.
Stay tuned, we’ll explain it all.
"}},{"componentType":"sectionTitle","title":"Death insurance in practice: protecting your family"},{"componentType":"paragraph","richBody":{"value":"Did you know this? : A child costs an average of 690 euros per month* and household maintenance costs 1,300 euros. Costs quickly mount up.
By taking out death insurance, you determine the capital (lump sum) your loved ones will receive after your passing. This amount is equivalent to the sum of money you deem necessary so that your family can continue to pay the various bills (school bills for your children, family home, estate costs, etc.) and maintain their lifestyle, or even organise their future.
"},"textLinks":[{"text":"You may also be interested in the article 'Is death insurance also useful for inheritance tax?'"}]},{"componentType":"paragraph","richBody":{"value":"Depending on the amount want to cover, a premium will be set, which also considers different criteria (for example, the age and health of the insured person or the insured persons if you opt for insurance in your two names). In general, the younger you start, the lower the premium will be!
You can choose between several contract durations: a fixed term (the estimated minimum period necessary to recover financially, the time your children spend studying, the length of their active life, etc.) or an indefinite term, knowing that you are free to waive it at any time.
*According to Gezinsbond ( the Flemish equivalent of la Ligue des Familles)
"}},{"componentType":"sectionTitle","title":"Complex or changing family circumstances can leave some people vulnerable"},{"componentType":"paragraph","richBody":{"value":"People aged 35–49 are most affected by the disappearance of a partner. In 2022, the number of deaths increased, especially among women...
Imagine that you borrowed to buy your house together but are not married. If you disappear, would your partner be able to continue repaying your mortgage?
Or imagine that one of you puts their career on hold and stays at home to look after the children, while the other continues their career advancement. The projects started are currently up to the revenue of the active partner: home, car, travel, etc. But if one day it disappears and everything collapses: the survivor will then be forced to return to work, having only one salary to cover everything, including potential new expenses (childcare, etc.).
Single-parent families are also particularly vulnerable. 79% of lone parents fear financial worries in the event of death. Only 5% of them benefit from death insurance cover. This is twice as low as the rest of the Belgian population.*
*According to several studies by the insurance industry in Belgium.
"}},{"componentType":"sectionTitle","title":"Enabling your loved ones to stay in the family home"},{"componentType":"paragraph","richBody":{"value":"It is not uncommon for families to find themselves without decent housing following the death of one of their spouses.
There is a simple way to avoid this situation for your loved ones. Thanks to the “mortgage protection insurance”, you save your spouse the hassle of having to repay the mortgage loan you took out with two people, each with their own salary, as the insurer will then take care of repaying the debt to your bank. If you have considered insuring 100% of the loan on each spouse’s head, the loan will be repaid in full.
Knowing the answer to this question already brings peace of mind, don’t you think?
"}},{"componentType":"sectionTitle","title":"Also consider!"},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"ING Fixed Capital Death Insurance","image":{"transformBaseUrl":"https://assets.ing.com/transform/84cc17eb-af0f-4249-8315-872866c53b53/Rear-view-of-people-on-field-by-trees","type":"image","width":5616,"original":"https://assets.ing.com/m/32c68f4f15c26966/original/Rear-view-of-people-on-field-by-trees.jpg","extension":"jpg"},"link":{"url":"/en/individuals/insurance/death-insurance-fixed-capital"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Death insurance","intro":"What do you need to know?","image":{"transformBaseUrl":"https://assets.ing.com/transform/d6eb5fa7-934c-4273-8f71-9a20d664d739/death-insurance-article-1920","type":"image","width":1920,"original":"https://assets.ing.com/m/2b2ca5431bd7fd5c/original/death-insurance-article-1920.jpg","extension":"jpg"},"link":{"url":"/en/individuals/my-life/tough-times/death-insurance-info"}}]}]}}}