GLKB share unchanged: cooperation with Pax expanded

Anyone who has a mortgage with the GLKB platform Hypomat can now supplement this with new insurance from Pax, as the two companies announced on Monday.

By taking out death risk insurance, borrowers can protect their surviving dependents in the event of death, according to the communiqué. Paying out the death benefit reduces the mortgage amount, which improves the affordability of the financing. This would relieve the financial burden on the surviving dependents and allow them to continue using their home.

According to the information, a favorable collective tariff applies to the product.

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The GLKB share is currently trading unchanged at 21.20 francs on the Swiss stock exchange.

Glarus (awp)