Life insurance in Germany starting at €1.98 per month

• Anyone that is responsible not just for themselves but responsible for someone else. This can be a partner, a child, or a relative that is financially dependent on you.

• If you have a mortgage together with your partner, it makes sense to get term life insurance for the main earner, or for both of you if you’re contributing equally.

• If you have a business with a business partner that would suffer if you die, this can also be a scenario where someone is 'dependent' on you.

In the cases where you need it most, it is the cheapest. If you're a young family, for example, it's much cheaper than if you're already much older - but in this situation, you likely have more savings to rely on and don't need as high a cover sum.

Work out for each of these how much you need and add them up:

1. In general, we recommend around 10k Euros per child per year until he or she is 18 (or 23 if you want to finance university).

2. Additionally, if you have a mortgage, you should add the total cost of the mortgage.

3. If your partner is reliant on you, then 3-5 years of all expenses paid is recommended.

If that's too complicated, you can get 3-5x your gross yearly salary, and it will be a good approximation

We recommend getting the cover until your mortgage is paid off or your youngest child has completed school or university - whichever is later. When some risk is gone, you can adjust your cover.

Yes. You can adjust your cover sum down with our policy at the end of each year, so if you have paid off your mortgage but still have children you want cover for, you can adjust the covered sum accordingly. You can also cancel the policy at any time with no additional fees.

The policy pays out when the insured person dies.