Protection for Your Family.
Calculate the right coverage amount for your term life insurance. Tailored to your individual needs.
Term Life Insurance: How Much Coverage Do You Need?
A term life insurance provides financial security for your dependents in case of your death. The right coverage amount depends on your income, debts, and family situation.
Income Protection
As a rule of thumb, coverage should be 3-5 times your annual gross income. This ensures your family can maintain their standard of living for several years.
Debt Coverage
Outstanding loans, especially mortgages, should be fully covered. In case of death, the insurance pays off the remaining debt so your family can keep the home.
Cross-Insurance for Unmarried Couples
Unmarried couples should consider cross-insurance: each partner insures the other's life. This way, the payout goes directly to the surviving partner without inheritance tax - since unmarried partners have only a 20,000 euro tax-free allowance.