The best plans can be severely thwarted . For example, if the main breadwinner suddenly dies in a family, there are major financial bottlenecks . Term life insurance helps you to make reliable provisions for the future of your loved ones. Regardless of how many contributions have been paid so far, the surviving dependents receive the full sum insured. Whether you are a family man, builder or business partner: With a “NEODIRECT RISK LIFE +” (term life insurance) you can look to the future without any worries. You can find a cheap provider here in just two steps – or you can get advice from our insurance experts.
Good protection for little money
Here, the age at entry and the state of health are decisive for the calculation of the premium. The earlier you start your insurance, the lower the premium.
Questions about your health should always be answered truthfully and completely. If you provide incorrect information, you risk your insurance cover.
It is good to make sure that the term is sufficiently long from the outset – for example until your children have completed their vocational training. A later extension of the term leads to an increase in premiums due to the new risk assessment and the higher entry age.
The sum insured should be three to five times your annual gross income.
With an annual payment method, you can lower your insurance premium.
WHY SHOULD YOU BUY TERM LIFE INSURANCE?
Almost 20% of Germans die before their 65th birthday. Term life insurance serves to provide financial security for the surviving dependents in the event of the premature death of the main earner.
WHO SHOULD BUY TERM LIFE INSURANCE
Term life insurance is indispensable for families with children, single parents, borrowers and mortgage holders, business founders, the self-employed or business partners. It offers spouses and life partners mutual security and is highly recommended here.
HOW HIGH SHOULD THE COVERAGE BE?
The amount of the sum insured depends on the financial needs of the surviving dependents in order to ensure adequate protection. All financial obligations of the family, such as mortgages or the education of the children, must be taken into account for the calculation. As a guideline, three to five times the gross annual income of the main earner is estimated. To secure a property purchase or a mortgage, the amount can be adjusted exactly as the obligation decreases over time.
WHAT SHOULD BE CONSIDERED ABOUT HEALTH QUESTIONS?
Always answer health questions truthfully and completely. Circumstances to which you attach little importance should also be stated. Note that you endanger the insurance coverage if you provide incorrect or incomplete information. Additional medical examinations and certificates are required from an insured sum of 400,000 euros or in the case of existing pre-existing conditions. It is usually sufficient if the doctor treating you provides information about the treatment and the type of therapy that has been carried out.