I am in the process of completing my mortgage application with MUFG and I’ve come across two types of insurance options. The first is the standard group credit life insurance (団体信用生命保険) and a second is a premium option known as the “7 Major Illnesses Coverage Mortgage (7大疾病保障付住宅ローン) Big & Seven〈Plus〉.”
After going through various articles and the brochure, my understanding is that the “7 Major Illnesses Coverage Mortgage Big & Seven〈Plus〉” offers slight additional benefits compared to the standard option. I’m not sure if it is worth taking it, perhaps somebody here who has taken premium insurance as a part of their mortgage plan could share their wisdom or any advice about its pros and cons.
by gamerfreakish