Save safely, shape the future.
Discover nextsure's capital life insurance: The flexible solution for long-term wealth building and reliable protection for dependents. Ideal for your private retirement planning.
Guaranteed Benefits & Surpluses
Dependent protection integrated
Flexible payout options
What is a whole life insurance policy and how does it work?
Combines savings and death protection.
Contributions will be invested with interest.
Payment at the end of the contract or in the event of death.
Suitable for disciplined savers.
The benefits of endowment insurance at nextsure in detail
The endowment insurance from nextsure offers you an attractive combination of security and potential returns for your long-term financial planning. A key advantage is the guaranteed death benefit, which financially secures your loved ones should anything happen to you. At the same time, you systematically build up capital, which is available to you in retirement or at a specified time. Benefit from guaranteed interest on the savings portion of your contributions, as well as the potential for additional surplus participation. Our digital processes also offer you transparent contract management and flexible customization options. Furthermore, under certain conditions, tax advantages can be utilized upon payout, making endowment insurance a solid component of your retirement planning. Trust the expertise of nextsure, your digital partner for insurance solutions.
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Everything about your endowment life insurance
Needs assessment
Determine your individual retirement needs online with our calculator.
Tariff Comparison
Transparent comparison of suitable offers for your endowment insurance.
Online Degree
Apply for your endowment life insurance digitally, quickly and easily.
Contract Portal
Anytime digital access to your contract documents and policy details.
Expert Advice
Our specialist advisors will support you competently with all your questions.
Flex options
Flexibly adjust contributions, duration, or beneficiaries.
Payout Service
We professionally assist you with capital or pension payments.
Tax Info
Important information about the tax treatment of your policy.
Additional Modules
Expand your protection with meaningful additions.
Digital, competent, and tailored to you.
Secure your future.
Calculate your endowment life insurance now!
Who is a life insurance policy particularly recommended for?
A whole life insurance policy is suitable for risk-averse investors who wish to combine a long-term savings plan with survivor protection. It is particularly recommended for fathers and mothers (like our persona "Familienvater Markus") who want to provide financial security for their family in the event of their death and at the same time save for their own retirement or future projects such as their children's education. It can also be a sensible option for young professionals (similar to "Berufseinsteigerin Laura") who want to start building wealth early and save in a disciplined manner. Individuals who value guaranteed benefits and predictable capital growth will find a reliable solution in whole life insurance. It is less suitable for purely return-oriented investors who are willing to take higher risks for potentially higher gains, or for those seeking only life cover without a savings component – in such cases, a term life insurance policy would be more appropriate. nextsure helps you analyse your individual situation and find the right retirement solution.
Whole Life Insurance vs. Term Life Insurance: The Key Differences
The main difference between a whole life insurance policy and a term life insurance policy lies in the savings element and the purpose of the insurance. The term life insurance is solely for death protection: if the insured person passes away during the term of the policy, the beneficiaries receive the agreed sum insured. No capital is accumulated; there is no payout at the end of the policy term if the insured event does not occur. Therefore, the premiums are relatively low. Whole life insurance, on the other hand, combines this death protection with a savings process. Part of your premiums goes towards insurance coverage, while the other part is invested with interest to build capital. This capital, including interest and bonuses, is paid out either in the event of death or at the end of the policy term while you are alive. Whole life insurance is therefore a provision tool for both survival and death, whereas term life insurance is purely for the protection of dependents. At nextsure, we provide transparent advice on both options to identify the optimal insurance solution for your needs.
Return opportunities and guarantees: What can you expect from your policy?
With a traditional endowment life insurance policy, you benefit from several yield components. First, there is the guaranteed interest, which is granted on the savings portion of your contributions and is fixed for the entire term at the time the contract is concluded (currently often low for new contracts). In addition, there is the profit participation generated by the insurance company, which depends on the success of their capital investment. These surpluses are not guaranteed but increase the overall yield of your policy. The sum of guaranteed interest and surpluses forms the ongoing interest. At the end of the contract term, there may also be a terminal bonus and possibly a share in the valuation reserves. It is important to understand that the return on an endowment life insurance policy is often more conservative than purely equity investments, but it offers a higher degree of security and predictability. nextsure places importance on transparent representation of the yield components and helps you realistically assess the return potential of your endowment life insurance. Modern variants such as unit-linked life insurance policies can offer higher yield opportunities, albeit with a greater risk.
Tax Treatment: Contributions and Payouts of Whole Life Insurance
The tax treatment of endowment life insurance policies is an important aspect. Contributions to endowment life insurance policies taken out before 2005 ("old contracts") are deductible as special expenses under certain conditions. For new contracts (concluded from 2005 onwards), the contributions are generally no longer tax-deductible. The rules on payout are more crucial: earnings from endowment life insurance policies are basically subject to income tax. However, for policies with a term of at least 12 years and a payout after the age of 62 (or 60 if the policy was taken out before 2012), there is a tax relief: only half of the earnings (the difference between the payout amount and the contributions paid in) is taxed at the personal income tax rate. If the payout is made as a lifelong pension, only the so-called earnings portion is taxed, which depends on the age at the start of the pension. In the event of the insured's death, the payout to the beneficiaries is exempt from income tax, but it may trigger inheritance tax. nextsure provides you with clear information, but always recommends consulting a tax advisor for your individual situation.
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Flexibility is key: Customization options for your policy at nextsure
Modern endowment insurance policies, like those offered by nextsure, are characterised by a high degree of flexibility to respond to changing life circumstances. This often allows you to adjust your contributions – be it an increase to boost your savings target, or a temporary reduction during financial tight spots. Additionally, many plans allow for top-up payments to increase the contract capital unexpectedly. Some policies even allow partial withdrawals for unforeseen expenses without having to cancel the contract entirely. Furthermore, you can include a dynamic element where both contributions and the insured sum increase annually to offset inflation. The choice of beneficiaries can usually be changed at any time. At nextsure, you benefit from digital services that enable you to easily and quickly manage and adjust your contract details. Find out about the specific flexibility options of your plan to optimally align your provisions with your life.
Payout options at the end of the contract: capital choice or lifetime annuity?
At the end of your endowment life insurance term, you generally have various payout options available. The most common option is a lump-sum payment. Here, you receive the entire saved balance including interest and surpluses in one go. This capital is then at your disposal – whether for major purchases, repaying loans, or as a foundation for further investments. Alternatively, many insurers offer the so-called capital option, which also gives you the option of a lifelong annuity. If you choose the annuity, the saved capital is converted into a monthly payment, which will be paid to you until the end of your life. This provides a secure and predictable income source in retirement. Some policies also allow a combination of both: a partial payout of the capital and annuitization of the remaining amount. The choice of the right payout form depends on your personal financial situation, your future plans, and your risk tolerance. nextsure offers comprehensive advice on the advantages and disadvantages of each option.
Cancellation, Sale, and Contribution Exemption: Options for Financial Difficulties
If you encounter financial difficulties during the term of your capital life insurance or are unable or unwilling to pay the premiums, there are several options to consider before hastily cancelling. Cancellation is often associated with financial disadvantages, as the surrender value, especially in the early years, may be lower than the total of the premiums paid. An alternative is to make the policy paid-up: you do not pay any more premiums, but the policy continues with a reduced sum insured and a smaller maturity amount. The funds accumulated so far will continue to earn interest. Another option is to sell the policy on the secondary market. Specialised companies purchase life insurance policies, often at a price above the policy's surrender value. Also, check whether deferring the premiums or reducing the contribution is possible. Before making a decision, you should seek advice from nextsure or an independent advisor about the respective consequences and the best solution for you.
How secure is my money in an endowment life insurance policy?
nextsure reinterprets whole life insurance – tailored to the needs of digitally savvy customers. We understand that nowadays, you expect more than just a contract: you desire transparency, flexibility, and easy management. Our digital processes allow you to conveniently take out your whole life insurance online, view contract details at any time, and make adjustments easily. We focus on clear product information and a straightforward presentation of costs and return opportunities. Whether it's a classic option or unit-linked choices for greater return potential – at nextsure, you'll find modern solutions that intelligently combine security and capital growth. Benefit from our expertise as a digital insurance portal offering specialized niche insurance and bespoke protection solutions. Your financial future matters to us. Discover nextsure's whole life insurance now and shape your financial planning actively and digitally.
