Glarner Kantonalbank has expanded its partnership with Pax, a pension insurance company, to enhance its asset protection offerings.

This collaboration introduces a new insurance product that provides a lump-sum benefit to borrowers in the event of their death. The benefit can be used to reduce the mortgage amount, easing the financial burden on surviving family members and allowing them to keep their home.

This insurance is exclusively available to customers with an existing Hypomat mortgage or those seeking a new one. The Head of Sales & Marketing at Pax, Daniel Mutz, highlights the attractive and straightforward solution this partnership offers for mortgage security. Glarner Kantonalbank's CEO, Sven Wiederkehr, emphasizes the strategic significance of this partnership and the value it adds to their offerings for Hypomat customers.

This initiative builds on the successful collaboration on "risikomat.ch" and provides customers with enhanced value. More information about the insurance conditions can be found on Glarner Kantonalbank's official website.