Secured loan

In case of accident, your family will have housing not mortgage

  • Protect your family from financial burden. In case of your death or disability (insured event), insurance benefit will be paid and your family will have home and not mortgage.
  • You are free to choose the life insurance amount – you can choose from buying insurance for the full mortgage amount or smaller amount.
  • If you choose bigger life insurance amount, discount on insurance premiums applies.

Protected Mortgage is life insurance service provided by Swedbank Life Insurance SE, Lithuanian Branch via representative Swedbank, AB.

Choose the service that suits your needs best.

Event Protected mortgage Protected mortgage and Illness and unemployment cover
Severe disability1
Incapacity for work caused by illness2
Job loss3


Age of the insured
Life insurance amount
Monthly amount of Illness and unemployment cover
Monthly insurance premium for life insurance cover
Monthly insurance premium for severe disability insurance cover
Monthly insurance premium for Illness and job loss insurance cover
First monthly premium

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1Severe disability is the insured's severe disability and the working capacity established by the institutions of the Republic of Lithuania of 30% or less, lasting without interruption for 12 months or longer in the duration of this insurance cover. In case of an insured event, your severe disability would make you eligible to an insurance benefit equal to a severe disability insurance amount.
2Sick leave is time off work due to injury caused by an accident (for example, midtarsal joint injury by stumbling on uneven ground, femur fracture sustained when skiing, pelvis injury suffered in a road accident, etc.) or illness (for example, flu complications, pneumonia, myocardial infarction, etc.).
3Loss of job is a situation when an employee is made redundant at the employer’s initiative (for example, as a result of a company’s bankruptcy, the withdrawal of a company’s operating permit) or by mutual agreement at the employer’s initiative (for example, as a result of downsizing).

Protected mortgage

  • We recommend the life insurance amount to be equal to the total amount of your financial liabilities, but you are free to choose smaller life insurance amount.
  • Severy disability insurance amount will be equal to your chosen life insurance amount, unless otherwise agreed.
  • In case of an insured event, the insurer will pay insurance benefit equal to the balance credit, but in no event bigger than the life insurance amount.
  • The Service is offered to Swedbank mortgage holders, co-debtors or guarantors. They can sign separate agreements of Protected mortgage service. The total insurance amount may not exceed the mortgage amount.

If bigger life insurance amount is chosen, discounts apply on insurance premiums.

Premium depends on the chosen insurance amount:

Insurance amount* (EUR) Discount on monthly insurance premium
50 000 - 74 999.99 10%
75 000 - 99 999.99 15%
100 000 - ... 25%

* Insurance amount is calculated by adding together your chosen life insurance amounts in all signed insurance agreements: Protected mortgage, Family income cover, and Family income cover plus.

Illness and unemployment cover

  • If you have a mortgage, Illness and unemployment cover will mitigate your financial burden in case of losing capacity for work due to illness, accident or in case of job loss.
  • Until you are back to employment (in case of illness – until you recover, in case of job loss – until you find a new job), Swedbank P&C Insurance AS, Lithuanian Branch will pay you monthly insurance benefits in the amount of mortgage contribution, for the maximum period of 12 months.

Illness and unemployment cover is non-life insurance service provided by Swedbank P&C Insurance AS, Lithuanian Branch via its representative Swedbank, AB.