Risk life insurance - which model?

Hello,

my wife and I would each like to take out an RLV. The amount is: loan amount + 20% (result rounded).

There are two models here:
1. constant amount
2. decreasing amount

The main goal is to secure the bank loan/outstanding debt.

Husband dies:
Since I am the main earner, option 1 would be more suitable, as over time the difference between the insurance sum and the outstanding debt provides family security. Option 2 is cheaper but the risk is correspondingly higher for my wife because the insurance sum decreases each year. My wife has a harder time maintaining a certain standard of living due to her profession.

Wife dies:
In the opposite case, I would have additional childcare costs, household, etc. to pay if my wife were to die. I can cover the loan costs alone. But option 2 might be possible here – even though the cost savings are lower than they would be for me.

The monthly costs for me would currently be 27.5 EUR. For my wife, 16 EUR. = 43.50 EUR. Constant insurance sum. Var. 2 would roughly halve the amount.

What constellations have you chosen?

The amount is: loan amount + 20% (result rounded).

I find that significantly too high. The RLV beneficiary can still continue to work and pay off the house regularly, right? One would only need to compensate a bit for the income difference. Why must the thing be able to be paid off in one lump sum in the event of death, and on top of that sum x as a bonus? I would be afraid that the hairdryer might accidentally fall into the water.

How about 50% of the loan amount?

In the reverse case, I would have additional childcare costs, household, etc. to pay if my wife were to die. I can bear the loan costs alone. But here, option 2 might be possible - even if the cost savings are lower than they would be in my case.

Is the half-orphan's pension already included in your calculation?

I find that way too high. The RLV beneficiary can still work and pay off the house regularly, right? One would only have to balance out the income difference a bit. Why does the thing have to be paid off in one lump sum in the event of death and on top of that sum x as a bonus? I would be afraid that the hairdryer accidentally falls into the water

How about 50% of the loan amount?

If someone already has to cope with the situation, then please the whole amount as well.

we have a joint RLV with a decreasing sum. So that at least for the wife and husband the loan is eliminated.

What I don’t understand with the child support etc ^^

that means so far the children pay and your wife checks off and you pay the rest ^^

We have both models. Since the costs are manageable, it doesn't bother us. If I want one, it is a secured family in case of death. Especially for me, as I professionally belong more to a risk group.