Your Spaargroei, Startzeker, Meegroei or Vermogensgroei mortgage

The Spaargroei, Startzeker, Meegroei and Vermogensgroei mortgages are all products where you don’t make any repayments during the term of the mortgage. Instead, you take out insurance that will allow you to repay the mortgage at the end of its term.

Your mortgage is linked to an insurance policy, which is used to build up capital. Depending on your insurance policy, the capital is built up by saving, investing or a combination of both. The insurer will pay out an amount if you are still alive on the policy’s maturity date. Depending on your cover, the insurer may also pay out an amount in the event of your death before the policy’s maturity date. The payment must be used to repay the mortgage.

If you are alive on the policy’s maturity date, the insurer will pay out the accrued funds, which you will then use to repay all or part of the mortgage.

The amount paid out by the insurer in the event of your death before the policy’s maturity date depends on the terms agreed with the insurer. This may be a fixed amount, e.g. an amount equal to the amount paid out if you are alive on the policy’s maturity date. It is also possible to insure a lower amount.

You will need to pay a premium for each policy under this insurance. The premium ensures that:

• you will receive a payout on the policy’s maturity date to repay all or part of the mortgage;
• you will receive a payout in the event of your death or your partner’s death before the policy’s maturity date.

It is possible for the amount you build up under both policies to exceed the payout you receive in the event of your or your partner’s death before the policy’s maturity date. The premium you pay will then also be lower. The reason is that you will receive what are known as bonus units. The bonus will be deducted from the insurance premium. If the bonus exceeds your premium and you have a Spaargroei or Startzeker insurance policy, the excess amount will be credited to your Hypotheekrente account. If you have a Meegroei or Vermogensgroei insurance policy, the excess amount will be used to buy units in the funds you selected. If you have a combination of both, the units will be credited to your Hypotheekrente account. The number of bonus units depends on your personal situation.

Maybe you have questions about your Spaargroei, Startzeker, Meegroei or Vermogensgroei mortgage and the linked insurance policies or want to know more about payouts in the event of your death before the policy’s maturity date or when alive on that date. Or maybe you want to discuss whether they are still right for you or make changes. If so, please contact us. It is possible to make changes to your mortgage or insurance policy, or to take out additional insurance. You can get in touch as follows:

1. Contact us.
2. Email:
   Send an email to hypotheekonderhoud@nl.abnamro.com 
3. Post:
   ABN AMRO N.V.
   Hypotheekonderhoud
   Antwoordnummer 1426
   1500 WC  Zaandam