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Your family and your loan are protected if something happens to you.
Term life insurance (Ablebensversicherung) pays an agreed sum if the insured person dies during the term. It does not build up capital, but is much cheaper than endowment insurance. A special form is loan protection insurance (Kreditrestschuldversicherung): its sum insured decreases with the loan and covers the outstanding debt in the event of death.
Anyone who is responsible for others should also plan for the worst case:
The same benefit throughout the term – ideal for the family.
Adjusts to the falling loan amount – usually cheaper.
Two people in one contract, e.g. for joint loans.
You decide who receives the benefit.
Depending on the tariff, can be combined with premium waiver or a pension in case of occupational disability.
The policy can be assigned to the bank as loan security (Vinkulierung).
It is particularly important for:
As a rule of thumb, three to five times the family’s annual income plus outstanding loans. We work out your needs together.
That depends on your loan agreement. Often the cover can be taken out with an insurer of your choice and the policy assigned to the bank – we clarify this with you in advance.
No, pure term life insurance is risk cover without repayment. In return, the premium is much lower than for a savings policy.
Content reviewed by: Agnieszka Valenta, insurance broker · As of November 2026
We calculate the right sum for your family or loan and compare tariffs from several insurers – including the health questions.
Personal advice in Breitenwaida – for businesses from the Hollabrunn district, the whole Weinviertel region, as well as Vienna and Burgenland. We advise in English, German, Polish, Serbian and Bosnian.
