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Old 23.11.2022, 23:33
MarkNow MarkNow is offline
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Mortgage, life insurance vs 3a

Hello all,
I would like to have some advice and opinions from people who had experience or heared about the bellow topic:
I am thinking to buy a house through a mortgage by pledge of my pension fund.
The bank told me the bellow:

CHF 10’600 repayment per year, directly (mortgage decreases year after year) OR directly and indirectly through 3a accounts / policies (7000 p.a, from 2023 on) 7k + 3.6k)

In that case pledge of my pension fund needed

I would have to take out a life term insurance policy to cover the amounts that are pledged from my mortgage.

Alternative: If instead of make the indirect amortization through a 3a account I do it through a 3a policy, it is almost sure that the insurance sum in the event of death will be high enough to cover the amounts pledged from my pension fund. If I choose this option I would then need to see the quotes that the insurance company would send to me.

My question is wich one is better to choose?
Any similar experience from some of you , or please share some knowledge.
Thanks

Last edited by MarkNow; 24.11.2022 at 00:09.
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