{"type":"document","data":{"contentType":"onecms:productPage","flexPageMetadata":{"afmBanner":false,"description":"Life mortgage product characteristics pros and cons","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Key product features at a glance"},{"accordionList":[{"richBody":{"value":"

With a life mortgage, you build up capital during the term through a life insurance policy. You pay a premium for this. Part of that premium may also be intended for a payout in the event of death.

The insurer determines how much premium you pay. This depends, among other things, on:

On the end date, you use the accumulated capital to repay your mortgage in full or in part. Is the accumulated amount lower than your mortgage debt? Then a residual debt will remain.

"},"title":"1. You do not repay the mortgage monthly during the term"},{"richBody":{"value":""},"title":"2. Tax rules in relation to interest and the life insurance policy"},{"richBody":{"value":"

On the end date of your life mortgage, you must repay the mortgage in full in one go using the payout from the life insurance policy.

If this is not possible, it may be possible to extend the mortgage or take out a new mortgage. This is only possible if you have sufficient (retirement) income and is subject to the policy in place at that time.
If that is not possible either, you will have to sell your home. It is therefore important to check in time whether you will be able to repay your life mortgage at the end date and whether you need to take action now.

"},"title":"3. At the end date of the life mortgage, you must repay the full outstanding mortgage amount in one go"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Advantages of a life mortgage at a glance"},{"accordionList":[{"richBody":{"value":"

If you meet all tax rules, you may qualify for mortgage interest relief in box 1. If your capital insurance meets the tax conditions, your Kapitaalverzekering Eigen Woning (KEW) falls under box 1 for tax purposes. This means you do not need to declare the accumulated value of the policy as an asset in box 3 during the term.

Please note: your capital insurance must meet the conditions throughout the entire policy period. You can find all conditions at www.belastingdienst.nl.

"},"title":"1. If you meet the tax rules, you may benefit from tax advantages"},{"richBody":{"value":"

Depending on the policy terms, the insurance may either pay out on death before the end date or pay a capital sum if the insured person is still alive on the end date. If the policy provides both types of cover, the mortgage can be repaid (in part) using the payout if:

"},"title":"2. Depending on the policy conditions, a payout is made on the maturity date or in the event of earlier death"},{"richBody":{"value":"

You build up capital by paying premiums. How this works in practice differs per insurance policy and is set out in your policy conditions.

Do you invest (in part)? Then the final capital depends on investment performance. Depending on your risk appetite and the remaining term, you can invest with more or less risk. Through your insurer, you can adjust the risk profile and the investment funds. This gives you influence over the risk you take.

Depending on the funds offered by the insurer, you can choose between different investment categories (equities, bonds and property).

"},"title":"3. Depending on the policy conditions, there are several ways to build up capital"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Disadvantages of a life mortgage at a glance"},{"accordionList":[{"richBody":{"value":"

Please note: if the remaining term is short, investing with less risk may be wise, because you have less time to recover from disappointing investment results.

Your insurer will inform you periodically about the development of the value. Monitor this information carefully. This allows you to assess whether you will be able to repay your mortgage in full on the end date of your life insurance policy.

"},"title":"1. If the capital on the end date depends on investment performance, the final capital is uncertain"},{"richBody":{"value":"

You pay for your life insurance policy monthly, annually or in a single payment (a lump sum). Your premium depends on the choices you make for your life insurance policy, for example:

See the policy conditions for more information. Your insurer will inform you about the development of the value. This gives you an indication of your net return and the capital payout on the end date.

It is important to reflect on this value development and compare it with the level of your premium. This gives an indication of the added value of your life insurance policy.

"},"title":"2. The costs of the life insurance policy may affect the net return you can achieve"},{"richBody":{"value":"

When determining the loan‑to‑value ratio of your mortgage, we take the total mortgage debt into account. Because you do not repay monthly with a life mortgage, the level of the debt remains the same. The level of your mortgage interest rate is partly determined by the loan‑to‑value ratio.

Do you have a mortgage with NHG? Then the loan‑to‑value ratio does not affect your mortgage interest rate. You already receive the lowest possible rate. See more information about your loan to value ratio here.

"},"title":"3. Because you do not make monthly repayments, your debt remains the same. This affects your loan to value ratio and therefore your interest rate."}],"componentType":"accordion"},{"componentType":"sectionTitle"},{"componentType":"accordion"},{"componentType":"sectionTitle","title":"Want to exchange ideas?"},{"componentType":"paragraph","richBody":{"value":"

Are you unsure whether this type of mortgage still suits you? Or would you like to know what alternatives are available? We are happy to help.

"}},{"componentType":"cta","textLink":{"text":"Get in touch","url":"https://www.ing.nl/particulier/hypotheek/contact/fh?subscrid=cmnl-mort-fh"}}]},"hasMacro":false,"id":"170d901b-2f2f-44f2-a803-b33fefa186f3","legalZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"

The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.

"}}]},"localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Your ING mortgage","url":"/en/personal/mortgage/your-mortgage"}},"componentType":"productHeader","coreHeader":{"body":"With a life mortgage, you build up capital in a life insurance policy during the term of your mortgage. At the end of the term, you use the capital you have built up to repay the mortgage in full or in part. This type of mortgage is no longer available for new applications.","headerImage":{"extension":"jpg","original":"https://assets.ing.com/m/bfd641de1467144/original/GROUP-OF-PEOPLE-SITTING-ON-SOFA.JPG","transformBaseUrl":"https://assets.ing.com/transform/6dacae0c-d545-4d6e-9ce9-a2c071a41137/GROUP-OF-PEOPLE-SITTING-ON-SOFA","type":"image","width":4239},"title":"Key features of the ING Life mortgage"},"legalBanner":{"body":"Let op! Geld lenen kost geld","componentStyle":"default","headerBannerType":"headerBannerType","image":{"extension":"svg","original":"https://assets.ing.com/m/3f5c0b274ee863ed/original/Group-7.svg","transformBaseUrl":"https://assets.ing.com/transform/bfc47636-d002-461a-b209-589beaaa7596/Group-7","type":"image","width":46}}},"publishDate":"2026-05-05T12:34:31.334+02:00"}}