Risikolebensversicherung
(Term Life Insurance) Explained
New to Germany? Risikolebensversicherung is the most affordable way to protect your family financially.Pure death benefit coverage - no savings component, just maximum protection at minimal cost.
Key German Terms
Tip for Newcomers
Risikolebensversicherung (term life insurance) is the most cost-effective way to protect your family in Germany. Unlike Kapitallebensversicherung (whole life), it has NO savings component - meaning all your premium goes toward pure death benefit protection. This is why it is so affordable: a healthy 30-year-old can often get 100,000 EUR coverage for just 5-10 EUR per month. It is highly recommended if you have a mortgage (Immobilienkredit) or dependents. Banks often require it as a condition for mortgage approval!
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Why Choose Risikolebensversicherung?
Term life insurance offers the most cost-effective way to provide substantial financial protection for your family during critical years
Affordable Protection (Gunstige Beitrage)
Get substantial coverage at a fraction of the cost of whole life insurance. Starting from just 5-10 EUR/month for 100,000 EUR coverage.
Family Security (Familienabsicherung)
Ensure your family can maintain their lifestyle, pay off debts, and cover children's education if something happens to you.
Quick & Simple (Schnell & Einfach)
Get quotes in minutes with our streamlined process. Most policies under 300,000 EUR require only health questions, no medical exam.
When Do You Need Term Life?
Common situations where Risikolebensversicherung is essential
Mortgage Protection (Restschuldversicherung)
Cover your mortgage debt so your family keeps the home if something happens to you
Family Income Protection
Replace your income to support your family's living expenses and children's education
Business Loan Coverage
Protect business partners and ensure loan repayment in case of your death
Partner Protection
Provide financial security for your partner or spouse
Term Life Insurance Calculator
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Compare Term Life Insurance Types
Understanding different term life insurance options helps you choose the right protection for your family's specific needs
Level Term (Konstante Summe)
- Fixed premiums throughout the term
- Guaranteed death benefit amount (Todesfallsumme)
- Popular terms: 10, 15, 20, or 30 years
- Ideal for income replacement
Decreasing Term (Fallende Summe)
- Coverage decreases over time
- Lower premiums than level term
- Perfect for mortgage protection (Restschuldversicherung)
- Matches declining debt obligations
Common Questions from Newcomers
Everything expats need to know about term life insurance in Germany
Risikolebensversicherung (term life) provides ONLY death benefit protection - no savings, no cash value. This makes it much cheaper. Kapitallebensversicherung (whole life) combines death benefit with a savings component but costs significantly more. For pure family protection, term life is usually the better and more affordable choice.
A common rule: 3-5 times your gross annual income. If you have a mortgage (Immobilienkredit), add the remaining loan balance. For families with children, consider future education costs. Example: 60,000 EUR income + 200,000 EUR mortgage = at least 380,000 EUR coverage recommended.
For coverage under 300,000 EUR, usually only health questions (Gesundheitsfragen) are required. Higher amounts may require a medical exam. Pre-existing conditions don't mean automatic rejection but may affect premiums. Always answer health questions truthfully - false information (Anzeigepflichtverletzung) can void your policy.
Match your policy term to your financial obligations. For mortgage protection (Restschuldversicherung): until the mortgage is paid off. For family income replacement: until children are financially independent (typically age 25). Common terms are 15-25 years.
Yes! German residency (Wohnsitz in Deutschland) is typically required, but citizenship is not. Many providers accept expats with valid residence permits (Aufenthaltstitel). Our English-language platform helps internationals navigate the application process.
Most German term life policies remain valid worldwide (weltweiter Versicherungsschutz). If you move abroad, your coverage continues. Simply update your address with the insurer to ensure smooth communication. The death benefit (Todesfallleistung) will be paid to your designated beneficiaries regardless of location.
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Legal Disclaimer
This information is provided for general guidance only and does not constitute legal or financial advice. Insurance products are subject to German insurance law (Versicherungsvertragsgesetz - VVG). Coverage details, terms, and conditions vary by provider. Life insurance payouts (Todesfallleistung) are generally tax-free for beneficiaries in Germany. We recommend consulting with a licensed insurance advisor for personalized recommendations. All insurance contracts are concluded directly with the respective insurance company. meinetarife24.de acts as an independent comparison platform and receives commissions from partner insurers.
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