Insurance expert explains: This is how you can secure joint real estate loans - with term life insurance and capital life insurance.

Insurance expert explains: This is how you can secure joint real estate loans - with term life insurance and capital life insurance.

According to a report by www.berchtesgadener-anzeiger.de, term life insurance offers important financial protection for surviving dependents in the event of the death of an insured person. This insurance pays out a pre-agreed sum in the event of death and can help pay off loans to avoid selling property. The prices for term life insurance vary greatly depending on the death benefit, term, entry age, health of the insured and occupation.

According to experts, policies with an insured sum of 200,000 euros cost between 100 and 300 euros per year. The longer the contract term, the higher the premium, which is due to the increasing risk of death with increasing age. Additionally, high-risk hobbies and nicotine consumption can drive up the price. There are also differences in the small print, such as the possibility of additional insurance guarantees, term extensions without a new health examination and early death benefits in the event of terminal illnesses.

Since many insurers are already one year older on January 1st, experts recommend taking out term life insurance this year to take advantage of potential savings on annual premiums. It also emphasizes that honesty when completing the health questions is crucial, as incorrect information can result in denials or reductions in benefits.

Term life insurance requires careful planning and consideration of individual life circumstances. An informed decision should be made based on a thorough analysis of the various contract options and risk factors to ensure the financial security of the survivors.