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FOREX Loan Protection

Provides safety for your loan payments.

  • Covers your monthly cost up to SEK 9000 per month
  • Provides safety in case of non-voluntary unemployment or long sick leave
  • Provides safety in case of severe illness
  • Covers the loan in case of death

This is how it works

FOREX Loan Protection is an insurance that provides you with safety for your loan by paying your montlhy costs for the loan if you can't. The insurance cover the monthly costs for your part of your loan if you should become unemployed or be on sick-leave for more than 30 days in a row. 

The insurance covers costs up to SEK 9,000 per month for 12 consecutive months, for a maximum of 36 months in total. It also pays off your part of the debt in the event of death, according to the conditions stated in the general terms and conditions.

Compensation paid

If there are two borrowers, both must be insured for the entire monthly cost to be covered. If one borrower is insured, only he/she is covered by the insurance, not the uninsured party.

  • In case of involuntary unemployment lasting longer than 30 days, up to SEK 9,000 per month is paid (does not apply tif you are self-employed).
  • In case of full-time sick leave due to accident or illness lasting longer than 30 days, up to SEK 9,000 per month is paid.
  • In case of critical illness, SEK 50 000 is paid.
  • In case of death, the insurance pays off the entire loan up to SEK 500,000.

FOREX Loan Protection can be taken out by every borrower who meets the requirements, regardless of whether he or she is a lone borrower or not. The insurance only covers the insured party's part of the loan.


The premium is currently 8% of the monthly cost of loan. It is paid on a monthly basis together with the regular monthly payment. If there are two borrowers, the monthly cost is 16%, i.e. 8% per borrower.

Cost example

For a loan with a monthly cost of SEK 500 per month, the premium is SEK 40 per month for a single borrower and SEK 80 per month for two insured borrowers.

Who can take out FOREX Loan Protection?

The insurance can be taken out by both the primary borrower and co-borrowers as long as the loan is active. The insured party must also be: 

  • between 18 and 64 years old (the insurance is valid until the age of 65).
  • a resident of Sweden.
  • permanently employed at least 17 hours a week, or self-employed with an F-tax card.
  • completely healthy and able to work.

You may not be aware of an impending illness, hospital stay, notice of layoff, termination or unemployment. The insurance can be cancelled cost-free by telephone or letter during the first 30 days. After that, the cancellation must take place in writing.

Exceptions when the insurance is not valid

The insurance does not cover cases where you were aware of impending unemployment, if you quit your job or in the case of unemployment that occurs during the first 120 days of the insurance. The insurance is not valid if you have a serious illness, condition or injury that you knew of during the 12 months before the insurance was taken out. The insurance also does not cover mental health-related illness. No compensation is paid if sick leave is taken during the first 30 days of the insurance period.

Complete information and terms and conditions can be found in the insurance terms below. Also read the Insurance Mediation Act and the Swedish Distance Contracts Act.

Apply today

You take out FOREX Loan Protection at the same time that you apply for a loan. If you already have a loan with us, please give us a call at +46 (0)200-22 22 20.

FOREX Bank AB is registered with the Swedish Companies Registration Office as an insurance broker associated with Financial Insurance Company Limited (FICL) and Financial Assurance Company Limited (FACL). The registration can be inspected at the Swedish Companies Registration Office, telephone number +46 (0)60-18 40 00, or see the Swedish Companies Registration Office’s website at www.bolagsverket.se. FOREX Bank, which is supervised by the Swedish Financial Supervisory Authority, Box 6750, SE-113 85 Stockholm, +46 (0)8-787 80 00, fi.se, has no qualifying holding in FICL and FACL. Nor do FICL or FACL have any qualifying holding in FOREX Bank. FOREX is entitled to a commission for arranging this insurance. The average commission level is approximately 25% of the total premium. The average commission level is based on your monthly premium and the number of insurance policies sold and losses. Our costs for the distribution of the insurance have been deducted from the average commission level indicated above. Note that the percentage indicated above is a rough average. The commission level in individual cases varies depending on factors such as the different insurance products, losses, the number of policies sold and distribution costs. Per their contract with FOREX, FICL and FACL are liable for pure property losses that can affect a customer, an insurer or someone who derives his rights from the customer, because FOREX intentionally or through negligence neglected its obligations according to chapter 5 section 4 of the Insurance Mediation Act (2005:405). If you are dissatisfied with any of FOREX's insurance brokerage measures, your first recourse is the person or persons who arranged the insurance, or contact FOREX’s Customer Ombudsman, or FICL and FACL’s Compliance Department. The complaint can be presented verbally or in writing. The Swedish Consumers Insurance Bureau is an independent advisory Bureau which can provide information on insurance matters, but does not investigate individual cases. Personförsäkringsnämnden (The Personal Insurance Board) provides statements in disputes in the areas of health, accident and life insurance. The National Board for Consumer Complaints (ARN) provides recommendations in disputes between business owners and consumers. The issue can also be tried in a general court. Guidance and advice can also be obtained through the municipal consumer guidance service.

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