mertmk3
2017-04-28 13:46:14
- #1
Hello everyone,
a term life insurance policy is to be taken out to secure the loan. The following questions have arisen;
1.) Amount: Should the entire loan amount be insured?
2.) Term: Should the entire loan term be insured?
3.) Should both partners (we earn similarly well, the wife will only receive Elterngeld Plus for the first 4 years, then a return to work is planned) take out insurance? Does a partner insurance make sense?
4.) Does a flexible amount make sense, which decreases each year according to the remaining debt in order to keep the premiums low?
Thanks for your assessment/experiences.
Regards
a term life insurance policy is to be taken out to secure the loan. The following questions have arisen;
1.) Amount: Should the entire loan amount be insured?
2.) Term: Should the entire loan term be insured?
3.) Should both partners (we earn similarly well, the wife will only receive Elterngeld Plus for the first 4 years, then a return to work is planned) take out insurance? Does a partner insurance make sense?
4.) Does a flexible amount make sense, which decreases each year according to the remaining debt in order to keep the premiums low?
Thanks for your assessment/experiences.
Regards