Which of you has disability insurance?

Hello everyone,

would you recommend disability insurance (BU) or term life insurance when building (loan: 250,000,--), if a second undeveloped property is still owned, which could be sold in the worst case (size: 700 sqm / price per square meter on the open market here in Ingolstadt: between 700,---900,---. In the medium term, I think 500,-- - 600,--... the boom will definitely end at some point)?

I am torn back and forth regarding the topic of "protection."

With so much security in reserve, I probably wouldn’t go for full coverage. However, a small basic coverage, e.g., [100,000€ LV] for the period until the property sale, seems reasonable to me.

Term life insurance does not cost a lot with moderate premiums and a not too long duration (beyond the 60th birthday), I would do it.

The problem with disability insurance
- Actually existing risks are not insurable (are excluded or cause the premium to explode).
- Professions that really need it are practically not insurable (roofers ...)
- In the event of a claim, legal protection is often needed to enforce the claim
- The premiums are high.
- It is not trivial to find a good policy.

I still have a disability insurance from my student days. The coverage is too low for today’s life. I recently had an adequate disability insurance offered to me and then rejected it. I just take the risk...

Refunding all premiums contradicts the nature of insurance (as a community of solidarity). There must be a catch.

I think nothing of combo products that mix savings and risk coverage (in agreement with all advisors I know).

My wife and I also have a term life insurance. We each set it somewhat higher than the loan amount and then decreasing over 30 years. This makes the insurance significantly cheaper than non-decreasing!! And this way, the remaining partner is at any time able to pay off/manage the loan in the event of the other's death.

Refunding all contributions contradicts the nature of insurance (as a community of solidarity). There must be a catch.

Since I was the only one who wrote something about it, I will refer that to my post. However, I never spoke of all contributions, but only a part... there is no catch visible in the insurance, but it is already a few days old.