Question 1

Who needs term life insurance?

Accepted Answer

- 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.
- In most cases where you have a child or a mortgage together with a partner, it makes sense to either get a term life insurance for the main earner, or if both contribute equally a policy for both people.
- If you have a business with a business partner that would suffer if you die, then this can also be a scenario where someone is 'dependent' on you.

Question 2

How expensive is it?

Accepted Answer

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.

Question 3

How much cover should I get?

Accepted Answer

Work out for each of these how much you need and add them up:
- In general, we recommend around 10k Euros per child per year until he or she are 18 (or 23 if you want to finance university)
- Additionally if you have a mortgage, you should add the total cost of the mortgage
- If your partner is reliant on you, then 3-5 years of all expenses paid is recommended

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

Question 4

For how many years should I get the cover?

Accepted Answer

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.

Question 5

Can I adjust my cover?

Accepted Answer

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 any time with no additional fees.

Question 6

When does the policy pay out?

Accepted Answer

The policy pays out when the insured person dies.

Get a recommendation based on your lifestyle

Life insurance
starting at €1.98 a month

€ —

Who needs term life insurance?

How expensive is it?

How much cover should I get?

For how many years should I get the cover?

Can I adjust my cover?

When does the policy pay out?

We can help you get insured in a matter of minutes

Expat health

Household

Private health

Public health

Get a recommendation based on your lifestyle

Life insurancestarting at €1.98 a month

€ —

Who needs term life insurance?

How expensive is it?

How much cover should I get?

For how many years should I get the cover?

Can I adjust my cover?

When does the policy pay out?

We can help you get insured in a matter of minutes

Expat health

Household

Private health

Public health

Life insurance
starting at €1.98 a month