Securing construction financing

At which “pharmacy” was that?
You can get an RLV for little money (50€ is usually more than enough).

With the car insurance, you only have liability, right?
;)

I don’t have car insurance at all. Due to not owning a car myself. But I used to always have just liability. For cars worth 2,000 EUR, comprehensive insurance doesn’t really make sense to me.

I don’t remember the company, it was too long ago.
There are a few risk factors with us that make life insurance very expensive.

In the end, everyone can and must decide for themselves which risks they want to insure and which they bear themselves.
You asked how it is with us and I answered that.

Thank you for the feedback. We will definitely take out RLV over 300k (500k loan). We are still considering BU, as we both earn roughly the same amount (€2,900 and €3,200). However, I also have a company pension plan that is paid out in the event of death ([contribution €240 per month]). I am also rather risk-averse. But €350/month seems too much to me. I was thinking more about around €150/month for the both of us plus the child.

We dealt with this topic a few years ago as well. Especially with insurance, unfortunately it is like this: When you don’t need it, everything is great, but when you do need it, they let you down. Especially with the [BU], the insurance tries everything to avoid paying. Absolutely sensible is the [RLV], I wouldn’t take out anything else with any insurance company.

We also dealt with the topic a few years ago. Especially with insurance, unfortunately it is like this: When you don't need it, everything is great, but when you do need it, they let you down. Especially with disability insurance, the insurer tries everything not to pay. The risk life insurance is absolutely sensible, I wouldn't take out anything else with any insurance company.

I have also read that about 33-50% of disability benefits are not paid out because the insurance companies always find some reason.

I have also read that about 33-50% of disability insurance benefits are never paid out because the insurance companies always find an excuse.

Are there reliable statistics on this or just pub talk? RLV for 300€/month is usury or obviously a high risk. I pay 11+13 for a decreasing and a level term.

We took out a RLV across the board with 200,000 EUR each at Hannoversche three years ago and pay 190€ p.a. (mid and late 20s; both non-smokers).

In my opinion, disability insurance is one of the most important insurances. The only thing you can offer to bring in money is your own labor. If that is no longer available, you are usually (not only) financially finished. And given how mortgage lenders are structured nowadays, the loss of just one earner is enough for that.

It is also alarming how many people become disabled over the course of their lives.