Securing construction financing with RVL

Well, you have to take out two contracts. The policyholder is each time the 'survivor', the insured person is the risk person. Costs depend solely on the sum insured and the age at entry. Usually, this is a few hundred per year per insurance. The prerequisite is, of course, a reasonably good state of health. The questions usually do not go into depth, but you do have to answer a few things.

Ok. I thought there was a combined term life insurance and you didn’t have to take out two separate insurances. Then I will take a look at it over the weekend :cool:

Well, you really have to conclude two contracts. The policyholder is always the "survivor," and the insured person is the risk person. Costs depend solely on the insurance sum and the entry age. Usually, it is a matter of a few hundred annually per insurance. A prerequisite is, of course, a reasonably good state of health. The questions usually are not in-depth, but a few things must be answered.

We have taken out insurance with VKB and insured the following constellations: Death of my wife => Beneficiary: me My death => Beneficiary: my wife Death of both of us => Beneficiary: our daughter Health questions, as far as I remember, were harmless and rather superficial. They asked about BMI (or height and weight), whether we are smokers, pre-existing conditions, and which jobs we do. I am 80% severely disabled, and there was no problem with concluding the insurance.

It is also possible in a contract, we have done it this way with the Allianz.

If we both die, it goes to the children.

A prerequisite is, of course, a reasonably decent state of health. The questions usually don’t go into depth, but you do have to answer a few things.

Topic questions. From an insurance sum of 500k, they do go into depth, and thoroughly so. Including blood test, HIV test, urine test, and an extremely detailed questionnaire!
My husband just had to go through that.

We concluded an RVL at the beginning of the year. Sum insured per contract is €500,000. There are also 2 contracts crosswise. This is important if you are not married; otherwise, taxes apply. However, we are married. We have a 30-year term and declining sum insured down to 0, are in our mid-30s without health restrictions, non-smokers, no extreme sports, and no overweight. We did not have a medical examination, only a questionnaire. We pay about €180 per contract per year. Until the end of the 50s, the premium rises to €280, then it decreases again. Our goal was to secure the house and avoid further stress with finding a new apartment in the event of a partner’s death. It is mainly meant to secure the mortgage. You also have to consider that as the main earner, you generally cannot work full-time anymore if you have children and the partner dies. If we both die, the children receive the sum insured from both contracts. For disability, we have our own insurance. Beware that with €500 insurance benefit in case of disability you won’t get far. In my opinion, the risk covered by an RLV is very clearly death. There is no room for interpretation and basically no hidden conditions possible like in other insurances.

We once concluded 245,000 for 162 euros per year and once 150,000 for 27 euros per month... the latter was a bit more expensive due to pre-existing conditions. Allianz and Delta direkt.

Why did you all take out such high insurance amounts?

Our plan was simply that the survivors would receive the share that the other person had on the loan and thus be able to keep the house.

With a 500,000 insurance sum, I would be financially better off than before in the event of a payout; achieving that was too expensive for me.