Life insurance

When you buy a house you are often obliged to take out a life insurance for the bank who gives you the mortgage. This means your mortgage will be paid in case you die before a certain age.

If you want to make sure your partner and children can continue their life without worrying about financial problems beside their sadness, you can take out a life insurance which enables them to continue payments for studying for example.

There are different rates for smokers and non-smokers. If you are healthy and you don't smoke the premium will be much lower.

To insure an amount of € 100.000,- for 25 years on the life of a 35-year old man who does not smoke costs about € 20,- per month. The amount will be paid free of succession tax and can be used in monthly payments for example.