Do you have a family that you want to protect in the event of an emergency? Or would you like to build up capital for your own retirement provision? You can use life insurance for both.
With a life insurance you protect yourself and your family. You have the choice between term life insurance, endowment life insurance and unit-linked life insurance. Find the right one for you according to your personal needs.
Term life insurance protects the family
With this insurance, you provide the best possible protection for your family: If something suddenly happens to you, your surviving dependents are financially secure. You can customize the sum insured, the term and the beneficiaries – whatever suits your life best. Once the first premium has been paid, you and your family will enjoy full coverage.
Term life insurance is also important if you have financed a property. In the event of death, the insurance benefit can be used to continue paying off the house or apartment so that the property stays in your family.
Couple with disability insurance
To protect you in the event that you are no longer able to practice your profession, term life insurance can also be combined with disability insurance.
You can also convert term life insurance into endowment insurance in many cases. The advantage: Your health will not be checked again.
Endowment life insurance: for your family and your pension
Here you take double precautions: In the event of death, your family members are protected with the full sum insured from the first contribution. At the same time, you build up a long-term investment for yourself.
Income from an endowment insurance policy
With endowment insurance, the surplus participation can bring you additional income. In addition to the guaranteed interest income. Unit-linked life insurance does not have a guaranteed interest rate, but you can benefit from opportunities on the stock market.
In old age, you have the choice of how you receive the additional private old-age provision: in one amount or as a monthly pension. Half of the income remains tax-free if you are older than 62 at the end of the contract, the contract has run for at least twelve years and the agreed death benefit is at least 50 percent of the premium amount.
Tip: Do you primarily want to make provisions for old age? Then private pension insurance is a modern alternative to capital life insurance.
Life insurance is as flexible as you are
What is life insurance?
The term life insurance covers all insurance policies that cover biometric risks such as death or disability, as well as insurance policies that serve private old-age provision. They enable financial security for the goals and desires that we pursue in life. This includes, for example, securing home ownership or the standard of living for the family after a stroke of fate, the guaranteed achievement of a savings goal – whatever happens in life, or compensating for the reduced income from the first and second pillars if you want to take early retirement. You can also save on taxes with life insurance .
What is whole life insurance?
Mobiliar’s life insurance protects your loved ones financially and can also provide security for business partners. It is term insurance that guarantees beneficiaries an an immediate benefit in the event of death. With flexible 3b pension provision, you are free to choose the beneficiaries. You also have the option to choose to ensure a fixed capital or pay an annuity. When it comes to capital, you can not only agree on a fixed sum, but also one that decreases annually – ideal, for example, to finance a decreasing mortgage debt.
Mobiliar offers bonus breaks
Anyone who takes out life insurance concludes a long-term contract. And commits to paying bonuses to meet his savings goal. Even if, for example, you start further training and cannot work, take maternity or paternity leave or are short on cash. Life circumstances can change quickly. This is why Mobiliar offers the so-called “premium break”: You can temporarily suspend your premium payments from the third year of your contract. The risks of death and disability are insured despite the break in premiums, but your savings share does not continue to grow.
Save more and optimize taxes
With a savings insurance, you are also flexible with additional payments. You can deposit more than the agreed premium and save more. As a result, you will receive more money paid out after the contract expires than is stated in the contract. Depending on the insured death benefit, the payment in the event of death may also be higher. You also save on taxes with additional payments, because you can deduct all payments up to the maximum amount for the 3rd pillar from your taxable income.
A comparison of life insurance in Switzerland is worthwhile. We recommend that you discuss your situation with an insurance and pension advisor and look for sensible solutions together.
There is insurance against dangers and there are investments for old-age provision – and then there is life insurance. For many Germans, life insurance is a matter of course – but many do not even know exactly how it works. Are you wondering whether you should still take out life insurance these days, what options you have and how to even find good life insurance? Our guide provides the answers.
Endowment life insurance is the most popular financial product among Germans. Around 87.1 million contracts existed in Germany in 2020 (source: GDV). The total number has been declining for some time, which can be attributed primarily to the low interest rates on savings and demographic change. However, life insurance still serves one main purpose: it is an important instrument in the context of old- age provision. But it can do a lot more than that: capital-forming life insurance is always combined with death protection. It protects relatives in the event that the insured person dies.
Three forms of classic life insurance
The three forms of classic life insurance are:
- Endowment life insurance: As a customer, you pay contributions over years (or decades) and thus build up capital, which the insurer increases with interest payments and surpluses. In the event of survival, this amount will be paid out to you. In addition, a death benefit for the bereaved is included.
- Unit-linked life insurance: It works in a similar way to capital life insurance, but the amount at the end of the term is not fixed. Because the paid-in capital is invested in funds. If the prices develop well, the return can be higher, but there is also the risk of suffering losses.
- Pension insurance: Here, too, the insured builds up capital during the savings phase. However, the capital is paid out monthly in the form of an annuity and only on request as a one-off payment. The payout phase can be limited or last until the end of life. In the event of premature death, the relatives only receive a refund of the contributions paid.