Which insurances does one need when, and what should be considered?

Married or not?
If unmarried, then definitely take out insurance "crosswise" so that the amount doesn’t end up in inheritance tax. There are also offer calculators for this keyword.

We are married – however, I still think it can make sense to take out individual insurances (also for the case of a divorce or simply in case one wants to cancel one of the insurances or something else). It’s just the question of whether it might be "cheaper" if you take it out together in one insurance (I still remember that from my parents, that’s how it was done several years ago).

Because I read this here, or rather the thread fits quite well:

Topic: Term life insurance

We will probably sign our financing in February and plan to take out a term life insurance immediately afterwards.

Currently comparing on Check24 - so far everything is clear and understandable.

Do I have to take out 2 individual life insurances and insure my partner separately, or can it also be taken out "combined"?

On Check24 I can only click either/or in the comparison area - but not both.

How did you do it?

We are planning a joint one. Then only the first death is insured. Decreasing sum was much, much too expensive according to the offer. Therefore, a fixed sum over X years, until the repayment is so low that one can manage it alone. It gets more expensive with increasing age, so rather a somewhat longer term than having to take out a new one again in a few years.

Although we are curious whether the "basic offer" will still exist when we have filled out this health questionnaire. Is it as ridiculously long for you too? We actually fear a rejection or an offer that is no longer affordable .... well, we'll wait and see.

@

- Liability insurance and household contents insurance should actually already be owned by everyone, the household contents must then be adjusted to the new m² when moving in
- Builders’ liability insurance can be taken out as soon as you buy the land, a land liability insurance is usually included (we unfortunately noticed that too late, but well the 20€ won't make you poor -> nevertheless all readers here can do better ;) ), this applies depending on the insurance for 2 or 3 years with a one-time payment
- Residential building insurance should be taken out as soon as the shell construction begins, then a shell fire insurance is included (this is usually also required in the financing contracts)

Hi,
back then, when we bought our first house, we had this "verbundene Leben" life insurance, which wasn't that expensive.
We were both around our mid-30s.
At some point, the insurance company canceled it, we were around 50 then, without giving any reasons.
Our insurance/financial advisor said:
They can do that and are doing it more and more often because the risk increases with age.
Since the financing wasn't completely finished yet, we then took out new - separate - term life insurances.
These were - with a lower sum insured - significantly more expensive.
Regards, Olli

We have also made 2 separate contracts crosswise with decreasing benefits over 30 years.
2 separate contracts also have the advantage that, in the event of the death of both parents, the descendants receive the benefits from both contracts.
With 2 children, I find this already makes sense. Besides repaying the loan, there should still be something left for living.

With a 500K sum insured, we initially pay €14 per contract monthly - this rises over the years to €25 monthly and decreases again in the last 10 years.
We are in our mid-30s.

Hi,
back when we bought our first house, we had a "joint life" life insurance, which wasn't that expensive.
We were both around our mid-30s then.
At some point, the insurance company canceled it when we were about 50, without giving any reasons.
Our insurance/financial advisor said:
They are allowed to do that and are doing it more and more often because the risk increases with age.
Since the financing was not yet fully paid off, we then took out new - separate - term life insurances.
These were - with a lower insured amount - significantly more expensive.
Regards, Olli

Normally, they should not be able to cancel it as long as you have behaved according to the contract.

Hi, yes, the contract duration was 10 years (I think) with automatic renewal, cancellable by both parties after one year each. And the insurance then terminated after about 15 years. What does contract-compliant mean? We always paid the premiums on time and did not die prematurely. What else should we have done? Regards Olli