Choose the correct height of the reference level value (RLV)?

Hello everyone,

since I want to "finalize" my home financing in 3-4 weeks, I am currently dealing with the topic "appropriate amount of the RLV payout sum."

Personally, I don't believe that the loan amount has to equal the payout amount in the event of death.

We will take out €417. I planned to insure myself and also my wife for €300k because I assume that my wife, when the time comes, can either cover the remaining debt herself or that the remaining debt will correspond to the insurance sum in x years.

We are 36 and 33 years old, so we are still about 10-15 years away from the "risk area" :-).

How did you approach this matter?

Best regards

Hello,

of course, it also depends on your repayment behavior. Our RLV is also below the loan amount and is a decreasing sum. Such things are now also offered. But we also both have other direct insurance (over several years with employer contribution) where widow's pension and payments in case of death are anchored.

What I would advise you is to go for a reputable company with a good rating, an RLV is not that expensive compared to other products. Choose a broker and very very very important: answer the HEALTH QUESTIONS correctly.

Not that it says, yes, three years ago during my studies I went to the doctor because I had a headache and he diagnosed burnout.

It happens.

For example, according to the diagnosis, I went to the doctor because of conjunctivitis, my insurance says, according to the diagnosis, I must be blind... We were able to clarify it with difficulty.

So it seems my train of thought is not so wrong after all.

Before signing the RLV, I will have a check-up by my doctor. So that I don't make any mistakes when answering the health questions.

I will take out the RLV with my employer’s in-house provider, as employees receive a discount, and if the time ever comes, I "hope" for an "unproblematic" payout. In addition to the 300k€ for the RLV, my employer also pays out 50k€ in the event of death.

Before finalizing the RLV, I will have my doctor check me over. So that I don't make any mistakes when answering the health questions.

I wouldn't do that. Imagine if he finds something that was previously unknown and makes you uninsurable. Check how far back the application asks about pre-existing conditions, consider which doctors you visited during that time, and have them provide you with your file from that period. Anything beyond that should not concern the insurance and could harm you if in doubt.

So it seems my line of thinking is not so wrong after all.

Before concluding the RLV, I will have my doctor give me a check-up. So that I do not make any mistakes when answering the health questions.

I will conclude the RLV with my own company, since as an employee you get a discount and if the time ever comes "hopefully" for an "unproblematic" payout. In addition to the 300k€ for the RLV, my employer also pays out 50k€ in the event of death.

I agree with that, kekse! Please no own actions! I had it easier over the last 5 years regarding what to answer in general. Since I am PKV, I copied the diagnoses. My wife had nothing.

Do yourself a favor and use a broker. They just mediate anyway and will support you there. I would not choose an online conclusion.

My RLV is designed so that the whole family does not end up in poverty. That means it should cover a good portion of the living expenses until the children earn money themselves. Paying off the house, even though no one generates income for it, was not the goal.

I had no health questions. European Insurance, if I remember correctly. RLVs are purely online products nowadays.

If you want insurance with a health check, definitely do NOT go to a doctor beforehand. Otherwise, they might find something and the insurance is off the table, there will be exclusions or premium increases.