Life insurance in Germany

Anyone who has people relying on them financially. For example:

• You have a partner or children who depend on your income.
• You share a mortgage. Cover the main earner, or both of you if you pay equally.
• You send money to family abroad.
• You run a business with a partner who would struggle without you.

You can apply if you're 18 to 65 and live in an EU country. Your eligibility also depends on your health and lifestyle. The quickest way to check is to get a quote.

Some health or lifestyle answers mean we can't offer cover online. If this happens, feel free to contact our team and we will explain your options.

Yes. Each of you can take out your own policy, and you can name each other as beneficiaries. Two separate policies also mean that if one of you claims, the other stays covered.

Anyone you choose: your partner, children, parents, other relatives, a friend, or a company such as your bank. You can name several people and split the payout between them. You can change your beneficiaries anytime in your account.

Yes: beneficiaries can live anywhere. Upon the policyholder’s death, the beneficiaries will need to contact our team with some necessary documentation, including a death certificate and any supporting medical documents. We are able to then pay out to a bank account of their choice.

Yes. You can add your child by providing their name and ID. Until they turn 18, a parent or guardian manages the money for them.

Add up what your loved ones would need:

1. Around €10,000 per child, per year, until they're 18 (or 23 if you'd like to pay for university)
2. What's left on your mortgage
3. 3 to 5 years of living costs if your partner relies on your income
4. Funeral costs

A simpler rule: 3 to 5 times your gross yearly salary. You can choose from €50,000 to €600,000.

There's no minimum term, and you can stay covered until you turn 65. Most people keep their cover until their mortgage is paid off or their youngest child has finished school or university, whichever comes later.

Yes, anytime in your account. Changes start on the 1st of the following month. Lowering your cover is instant to set up. To raise it, you'll answer the health questions again. You can also cancel any month with no fees.

If you move to another EU country, your cover moves with you and nothing changes. Simply inform our team of your new address. Your cover also applies worldwide when you travel.

If you move outside the EU, please contact our team for further information.

It pays the full sum to your beneficiaries if you pass away while you're covered. There's no savings part, so nothing is paid back if you cancel or your cover ends.

There's no income tax on the payout. Inheritance tax can apply, depending on the beneficiary. Spouses and children have high tax-free allowances, but unmarried partners don't.

Term life premiums count as Vorsorgeaufwendungen in your German tax return. The yearly limit is often already used up by health insurance, so the effect may be small. You can download a yearly premium statement from your account.