Secure the future. Protect the family.
Protect your loved ones financially with term life insurance from nextsure – your digital partner for tailored death protection.
Tailored Protection for Survivors
Affordable contributions, high security
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What is term life insurance and why is it indispensable?
Definition & Functionality
Core Benefit: Financial Security
Distinction from Capital Life Insurance
Cheaper than whole life insurance for pure death coverage.
Target Audience in Focus: Who Needs Term Life Insurance?
A term life insurance (RLV) is a fundamental component of financial planning, especially for individuals who have financial responsibilities for others. Essentially, it provides financial security for dependents in the event of the insured's death. **Families with children** are a top priority here: If a main breadwinner passes away, the insurance payout can help maintain the standard of living, cover ongoing expenses such as rent or loans, and fund the children's education. **Young couples** who are jointly financing a property also benefit from a RLV. It ensures that the surviving partner can continue to make loan payments and that the shared home doesn’t have to be given up. **Unmarried couples** should also consider a RLV, as they have no legal inheritance rights or entitlement to a widow's/widower's pension in the event of a partner's death. For **self-employed individuals and entrepreneurs**, a RLV can serve to protect business partners or secure business loans (known as keyman insurance or partner insurance). **Singles with significant financial obligations**, such as a property loan that relatives would inherit in the event of death, should also consider this protection. The necessity of a term life insurance arises whenever one's own death would create a significant financial gap for other people or in fulfilling obligations. nextsure helps you accurately determine your individual needs and find the right digital insurance coverage.
Individual Protection
Our term life insurance: Overview of benefits
Death protection
Financial security for your dependents in an emergency.
Flexible Sums
Adjust the sum insured individually to suit your needs.
Selection of duration
Choose the contract duration that suits your life planning.
Credit protection
Secure loans (e.g. real estate) reliably.
Health assessment
Transparent and fair process for your health information.
Digital Completion
Easily apply and manage online without any paperwork.
Subsequent Insurance
Adjust the sum insured for life events, often without a new health assessment.
Affordable Contributions
Benefit from attractive terms for comprehensive protection.
Expert Consultation
Our experts support you with all your digital queries.
Clear, digital, tailored to your needs – your protection from nextsure.
Take responsibility.
Secure the future.
The right insurance sum: How to calculate your needs
Determining the correct amount of insurance is crucial for effective protection through a term life insurance policy. An amount that is too low endangers the financial security of your dependents, while an amount that is too high results in unnecessarily expensive premiums. As a rule of thumb, experts often recommend three to five times the gross annual income. However, this is just a rough guideline. For a precise needs analysis, you should consider several factors: **Ongoing liabilities:** Add up all existing loans (mortgage, consumer loans, etc.) that would need to be repaid in the event of death. **Living expenses of dependents:** How much money does your family need monthly to maintain their accustomed standard of living? Consider rent/house costs, groceries, clothing, transportation, insurance, and leisure. Multiply this amount by the number of years to be covered (e.g., until the children are financially independent). **Education costs:** Plan for school, university, or vocational training costs for your children. **Future income losses:** The term life insurance should compensate for the deceased's lost income. **Other factors:** Also consider any one-off costs such as funeral expenses or inheritance tax. Deduct existing assets (savings accounts, securities, minus safety net) and statutory claims (e.g., widow's/widower's pension, which is often insufficient) from the total calculated. Professional advice, such as that offered by nextsure digital, helps you consider all relevant aspects and calculate the optimal insurance amount for your individual situation. Use online calculators as a first guide, but refine the result through a detailed analysis.
Health Assessment and Application: The Path to Protection
Taking out a term life insurance policy typically involves a health check. Insurers want to assess the risk they are taking on by providing coverage. Be absolutely honest and complete when answering health-related questions. Incorrect or incomplete information can result in refusal of a payout in the event of a claim (breach of pre-contractual disclosure duty). Typical questions include information on pre-existing conditions, current treatments, hospital stays, medication use, smoking habits, alcohol consumption, and risky hobbies. Depending on the sum insured and age, health questions can vary in complexity – from a few questions to medical examinations. **The digital application process at nextsure** is designed to make this step as easy and transparent as possible. You will be clearly and comprehensively guided through the questions. In some cases or with higher insurance sums, the insurer might require additional information or medical reports. It is advisable to submit the application early while you are young and healthy, as this usually leads to more favourable premiums. Even if you have pre-existing conditions, it doesn't necessarily mean a rejection. Often, it is possible to complete the application with risk surcharges or exclusions in coverage. nextsure supports you in finding suitable solutions in such cases and helps you navigate the application process smoothly.
Types of Term Life Insurance: Level, Decreasing, or Joint?
Term life insurance comes in various forms to meet different needs. The most common variants are: **1. Level Term Life Insurance:** Here, the coverage amount remains the same throughout the contract term. This form is particularly suitable when the need for coverage is consistently high over the long term, for example, for general family protection or when decreasing liabilities (such as a repayment loan) are not the primary concern. **2. Decreasing Term Life Insurance (Mortgage Protection Insurance):** With this variant, the coverage amount decreases over time, often in line with the repayment of a loan (e.g., a mortgage). Since the risk for the insurer decreases with the decreasing sum, the premiums are generally cheaper than with a level term life insurance with the same initial coverage amount. There are different forms of decreasing term life insurance: linear decrease, annuity decrease (adapted to the repayment schedule of an annuity loan), or progressive decrease. **3. Joint Term Life Insurance (Partner Term Life Insurance):** Here, two people (e.g., spouses, business partners) are insured under one contract. The coverage amount is paid out once if one of the two insured persons dies. After that, the contract expires. This variant can be cheaper than two separate contracts, but offers less flexibility if the partners' life circumstances change (e.g., separation). An alternative is two separate (“cross”) contracts, where each partner takes out their own policy on the life of the other. nextsure offers you a transparent overview and advice to help identify and digitally complete the term life insurance option that suits your life situation and coverage goals.
Meaningful Additions: Term Life Insurance in the Insurance Mix
Term life insurance (RLV) is a central component of survivor protection but often only realises its full potential when combined with other insurances. One of the most important complements is the **occupational disability insurance (BU)**. While the RLV provides benefits in the event of death, the BU secures your income if you can no longer work for health reasons. Both insurances address existential risks and are essential, especially for main earners and families. Insurers often offer combination products or provide discounts when taking out both policies. Another sensible addition could be an **accident insurance**, which provides benefits in the event of disability or death due to an accident. Although the RLV covers death regardless of the cause (with a few exceptions such as suicide in the first years), accident insurance offers additional benefits in the case of accident-related disability that does not lead to death. For property owners, RLV is often a requirement for securing a loan. Additionally, a **residential building insurance** is essential. A **private liability insurance** also belongs to the basic equipment, as it protects against the financial consequences of damage you cause to others. Consider which risks are most significant in your individual life situation and how you can best secure them. nextsure helps you as a digital insurance portal, not only to find the right term life insurance but also to analyse your entire insurance coverage and optimise it through targeted niche insurances and individual security solutions.
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Taxes and Term Life Insurance: What You Need to Know
The tax treatment of term life insurance (TLI) is an important aspect that policyholders and beneficiaries should be aware of. In general: **Premiums for TLI:** Premiums for a pure term life insurance, which only pays out in the event of death and does not include a capital option or savings component, can typically be deducted as other retirement expenses in the context of the income tax return. However, there are limits (1,900 euros for employees and civil servants, 2,800 euros for the self-employed), which are often already exhausted by contributions to health and long-term care insurance. Therefore, significant tax relief from TLI contributions is rather rare. **Payout in the event of a claim:** The insurance sum paid out from a term life insurance is generally **income tax-free** for the beneficiary. This is a significant advantage of TLI. However, the payout may be subject to **inheritance tax**. Whether and to what extent inheritance tax is due depends on the degree of relationship between the deceased and the beneficiary as well as the amount of the insurance sum. There are personal allowances that vary depending on the tax class (e.g. 500,000 euros for spouses, 400,000 euros for children). If the insurance sum (possibly together with other inherited assets) exceeds these allowances, the excess amount is taxed. To optimise or avoid inheritance tax, it may be advisable to take out term life insurance
Digital and direct: Your term life insurance with nextsure
nextsure revolutionises the process of taking out and managing your term life insurance as a digital insurance portal. We understand that your time is valuable and you are looking for transparent, efficient solutions. That is why we offer you a fully digitalised process - from needs analysis to completion and beyond. **Benefits of your term life insurance with nextsure:** **1. Easy needs assessment:** Our intelligent online calculators and digital consultation assistants help you quickly and accurately determine the optimal insurance sum and term for your individual situation. **2. Transparent comparison:** We provide you access to a wide selection of policies. Compare services and premiums clearly and find the protection that perfectly suits you. **3. Fully digital completion:** No paperwork, no cumbersome mailings. Fill out the application online, undergo the health questions digitally and sign electronically. The entire process is mobile optimised. **4. Fast processing:** Thanks to our digital processes, you will usually receive your insurance policy promptly. **5. Personal advice if needed:** Although we operate digital-first, our experts are available via chat, phone, or video call for more complex questions or personal advice. **6. Secure contract management:** Access your contract data at any time through your personal customer portal, make adjustments or report changes in your personal circumstances. nextsure combines the efficiency and convenience of digital technologies with the expert advice of experienced insurance specialists. This way, you get bespoke and easy-to-understand insurance protection that flexibly adapts to your life. Discover now how easy and affordable a high-quality term life insurance can be.
Common mistakes when taking out a risk life insurance policy – and how to avoid them
Taking out a term life insurance is an important decision with long-term financial implications. All the more reason to avoid common mistakes. Here are the most frequent pitfalls and tips on how to avoid them: **1. Insufficient insurance sum:** The most common mistake. An insufficient sum does not provide adequate protection. Carefully calculate your needs (see our guide on insurance sums). **2. Too short a term:** The term should be chosen so that the coverage needs are met throughout the entire critical phase (e.g. until children are grown up, mortgage is paid off). A later extension is often only possible with a renewed health check and higher premiums. **3. Incomplete or incorrect health information:** This can lead to loss of cover in the worst case. Be absolutely honest and thorough when answering the health questions. **4. Lack of flexibility/adjustment options:** Life circumstances change (marriage, birth, buying property). Look for policies that allow for later increases in the insurance sum without a renewed health check for certain events (guaranteed insurability option). **5. Only focusing on the price:** The cheapest policy is not always the best. Examine the terms and conditions closely (e.g. exclusions, waiting periods, flexibility). **6. Not naming or incorrectly naming the beneficiary:** A clear and revocable naming of the beneficiary is important to ensure that the benefit is paid out quickly and to the right person in the event of death. Without explicit naming, the sum falls into the estate, which can lead to delays and possibly unwanted distribution. **7. No regular review:** At least every five years or with major life changes, you should check whether your term life insurance still fits your current situation. nextsure supports you with digital tools and expert advice to avoid these mistakes and conclude a term life insurance that offers you and your loved ones optimal and lasting protection.
What exactly is term life insurance?
You've recognized the importance of term life insurance for your loved ones' financial security and now want to take action? nextsure makes the path to your customized coverage simple and transparent. Here are your next steps: **1. Determine your individual needs:** Use our free online needs calculator. In just a few minutes, you will receive an initial assessment of the insurance amount and term suitable for your situation. Consider your financial obligations, your family's standard of living, and future plans. **2. Compare offers:** Request personalized quotes non-bindingly and free of charge. Our system compares rates from various providers and filters out the options that best match your requirements. Pay attention not only to the price but also to important contract details like guaranteed renewability. **3. Answer health questions honestly:** The online application process at nextsure guides you clearly and understandably through the health questions. Take your time and answer all questions truthfully and completely. This is the foundation for valid insurance coverage. **4. Complete digitally:** Once you've found your preferred plan, you can complete the contract directly online. The entire process is digitized, including electronic signature. You save time and paperwork. **5. Use advice:** Do you have questions or desire personal consultation? Our experts at nextsure are available via chat, email, or phone. We help you make the right decision and clear up any uncertainties. **6. Receive and review policy:** After successful completion, you will receive your insurance policy digitally. Review all details carefully. Your data and documents are securely stored in your personal nextsure customer portal. Don't hesitate to actively shape your future and that of your family. With term life insurance from nextsure, you are making a responsible choice for comprehensive protection and financial peace of mind.
