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Term life insurance

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What is a term life insurance policy?

We will gladly advise you comprehensively and personally on your request.

Why take out a term life insurance policy?

Taking out a term life insurance policy is a responsible and forward-thinking decision. This insurance policy offers you and your family security and financial protection in the worst-case scenario. Here are some reasons why you should consider term life insurance:

Family protection: A term life insurance policy ensures that your family and loved ones are financially secure even after your death. You can make sure that debts are paid off and living expenses are covered.
Children and education: If you have children, a term life insurance policy can help ensure that their education and future are financially secure, even if you are no longer there.
Mortgage coverage: If you are financing a home, the insurance payout can be used to pay off the mortgage and protect your family from financial hardship.
Corporate partners: If you have business partners, a term life insurance policy can ensure that your business partner is financially protected in the event of your death and that the business can continue smoothly.
Peace of mind: A term life insurance policy offers you and your family the assurance that you are financially protected in times of crisis.

Your contact person

Philipp Badent

Smiling man in a navy polo standing in a bright office hallway with frosted glass panels behind him.

Jannis Klemm

Your contact person

Philipp Badent

Jannis Klemm

Subject areas

Protection of livelihood

Subject areas

Protection of livelihood

We will gladly advise you comprehensively and personally on your request.

Submit your inquiry now

We will gladly advise you comprehensively and personally on your request.

We help with the closing

Taking out term life insurance can be a big decision, and we're here to help. Our experienced insurance experts are ready to guide you through the entire process. We offer tailored insurance solutions to meet your individual needs. Contact us today to ensure your protection and that of your family. We're here to give you peace of mind.

Frequently Asked Questions (FAQ)

What is a term life insurance policy?

Term life insurance is an insurance policy that pays out a predetermined sum of money to the beneficiaries upon the death of the policyholder. It offers financial security and protection for the policyholder's family and dependents.

Who can take out a term life insurance policy?

In principle, any adult can take out a term life insurance policy. The policy can be issued to an individual or to multiple people (e.g., spouses).

What factors influence the premium amount?

The premium amount depends on various factors, including age, health, smoking habits, the sum insured, and the policy term. The higher the risk for the insurer, the higher the premiums can be.

What is the difference between a term life insurance policy and a traditional life insurance policy?

With a term life insurance policy, the insurance company only pays out in the event of the policyholder's death, whereas with a conventional life insurance policy, a payout is also made if the policyholder survives the agreed term.

Can the sum insured be changed during the policy term?

In most cases, it is possible to adjust the sum insured during the policy term, provided the insurance company agrees. However, this may involve a health check and potentially higher premiums.

Are medical examinations required for a term life insurance policy?

In many cases, medical examinations are required to assess the policyholder's health. The results affect the premium amount.

Is it possible to cancel a term life insurance policy?

Yes, you can cancel a term life insurance policy, but there are usually no surrender values or refunds. This means you lose the premiums you've already paid.

What happens if you can no longer pay the premiums?

If you can no longer pay the premiums, the policy will usually be terminated and will no longer provide coverage. However, some insurance companies offer options for premium waivers or premium refunds.

Is it possible to take out multiple term life insurance policies?

Yes, it is possible to take out multiple term life insurance policies to cover different needs. However, the total sum insured should be reasonable and comply with the insurance companies' guidelines.

What happens after the insurance policy expires?

Once the policy term expires, it ends and no payout is made. However, in many cases you can extend the policy or take out a new one if you wish to continue having coverage.