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The best private pension insurance companies: Top tips for your retirement planning!
Find out which private pension insurance companies in Germany will offer the best benefits in 2025 and how consumers can close the pension gap.
The best private pension insurance companies: Top tips for your retirement planning!
Private pension insurance is an important topic in retirement planning that is becoming increasingly important in Germany. A recent study by Focus Money insurance professionals, published on June 4, 2025, highlights the best immediate and deferred annuities. Loud Insurance Journal This analysis compared several providers and tariffs in order to provide consumers with a well-founded decision-making basis.
The research resulted in two rankings: one for payments that begin immediately and one for contracts with a twelve-year deferral period. What is particularly striking is that only Hannoversche Lebensversicherung AG reached the top 3 in both rankings. This could indicate that this company has a strong private pension insurance offering.
The best pensions that start immediately
For a 65-year-old sample customer who made a deposit of 100,000 euros, the investigation revealed the following top offers for immediate pension payments:
| Provider | Tariff | Guaranteed pension | Possible pension in the first year | Company rating |
|---|---|---|---|---|
| Allianz Lebensversicherungs-AG | Private pension perspective RSKU2EBU | 196 euros | 286 euros | ★★★★★ |
| Life insurance from 1871 a.G. Munich | RT1E | 208 euros | 283 euros | ★★★★★ |
| Hannoversche Lebensversicherung AG | Building block pension R4 | 213 euros | 277 euros | ★★★★★ |
Procrastination and long-term considerations
When planning for retirement, it is crucial not only to pay attention to immediate payments, but also to consider contracts with a longer deferral period. These options were also analyzed and the best offers were found for a 55-year-old model customer who deposits 60,000 euros. Private pension insurance is not always the first choice, emphasizes the consumer advice center. In many cases, statutory pension insurance could be usefully supplemented in order to avoid poverty in old age.
A central aspect that the latter article highlights are the effective costs, which have a significant influence on the investment returns in long-term savings plans. For example, effective costs of 1% can reduce returns by 43%, while 3% can even lead to a loss of 75%. Such figures are alarming for consumers who rely on solid retirement savings.
BaFin also reports that 3.14% of fund policies are terminated prematurely each year, leading to high losses for savers. It should also be noted that guaranteed interest rates in life and pension insurance are not the same for all insurers and are set annually by the Federal Ministry of Finance. From 2025, the maximum interest rate for new contracts will be 1.0%.
In addition, it is recommended to examine options such as termination, exemption from contributions or contract continuation for existing contracts. Consumer advice centers offer help in reviewing insurance contracts and calculating returns to ensure that the products chosen are actually profitable.
In conclusion, choosing the right private pension insurance should be carefully considered. Consumers should inform themselves comprehensively about the offers and, if necessary, consider alternative options for retirement planning in order to ensure a secure financial cushion in old age. A combination of different precautionary instruments could be the key to success.