BORROWER’S LIFE INSURANCE

Protects loved ones from credit obligations in case of sudden loss of life.


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Service provided by Citadele subsidiary AAS "CBL Life".

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Paying off your loans

Share your financial responsibilities with us in the case of death.

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Option to insure additional persons

Add accident insurance additionally.

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Ability to choose insurance according to your needs

Purchase additional accident insurance.

why insure borrower

Why insure?

  • If you have loans - for example, a mortgage, leased car or any other long-term obligations - then borrower's life insurance may be useful. You can insure your life for the amount of your loans so that, if something occurs, your family is not left with outstanding debts.
  • In addition, you can insure the life of the guarantor and co-borrower.
  • Borrower's life insurance can be purchased even if your loan is with another bank.

Add aditional accident insurance

Choose additional accident insurance for yourself and your family, and avoid sudden financial expenses resulting from broken bones, injuries, permanent disability or death.


Apply for a consultation

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Relevant before signing the contract

  • Assess your needs: what kind of protection do you require and whether it is provided by the selected product.
  • Check the terms and conditions of the insurance contract: what will be the insurance coverage, when will the insurance benefit be paid, what will be the monthly premiums and in what order they will need to be paid.
  • Check the detailed list of non-insurable events: find out in cases of which events or activities the insurance benefit will not be paid.

Check the rules of borrower’s life insurance (in Lithuanian).

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Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
What is the maximum life insurance sum?

The maximum life insurance sum is determined individually.

Who can take out a borrower’s life insurance agreement?

Persons aged 18 to 69 (inclusive), who are clients of Citadele Bank and have taken out a mortgage loan from Citadele Bank or any other bank. It should be noted that the maximum duration of the insurance contract is until the insured person reaches the age of 70.

Who needs life insurance?

Life insurance can ensure the financial security of the insured person and their family in the case of accident, illness or disability, or of the family in the case of death. We recommend life insurance to insure the life and health of the main breadwinner of the family, especially if there are young children in the family and you have long-term financial obligations. In the event of an accident, the insurance payout would cover your financial obligations.

When do I need to pay the insurance premiums?

The insurance premium payment frequency can be chosen by the client: monthly, quarterly, semiannually or annually.

What happens to the insurance contract if the policyholder or beneficiary dies?

According to the insurance contract and its rules, the insurance contract expires upon the death of the policyholder. Unless the beneficiary dies, if the insured or other person does not assume the obligation to pay further insurance premiums, part of the insurance disbursement, according to the written request of the policyholder approved by the insurance undertaking, will be allocated to the beneficiaries.

More questions
What is the maximum life insurance sum?

The maximum life insurance sum is determined individually.

Who can take out a borrower’s life insurance agreement?

Persons aged 18 to 69 (inclusive), who are clients of Citadele Bank and have taken out a mortgage loan from Citadele Bank or any other bank. It should be noted that the maximum duration of the insurance contract is until the insured person reaches the age of 70.

Who needs life insurance?

Life insurance can ensure the financial security of the insured person and their family in the case of accident, illness or disability, or of the family in the case of death. We recommend life insurance to insure the life and health of the main breadwinner of the family, especially if there are young children in the family and you have long-term financial obligations. In the event of an accident, the insurance payout would cover your financial obligations.

When do I need to pay the insurance premiums?

The insurance premium payment frequency can be chosen by the client: monthly, quarterly, semiannually or annually.

What happens to the insurance contract if the policyholder or beneficiary dies?

According to the insurance contract and its rules, the insurance contract expires upon the death of the policyholder. Unless the beneficiary dies, if the insured or other person does not assume the obligation to pay further insurance premiums, part of the insurance disbursement, according to the written request of the policyholder approved by the insurance undertaking, will be allocated to the beneficiaries.

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