Risikolebensversicherung Rechner

No — and this is a crucial German distinction. Risikolebensversicherung is pure term insurance with no cash value: you pay premium, if you die during the term beneficiaries receive the sum insured, if you survive nothing is paid back. Kapitallebensversicherung (or Rentenversicherung) bundles a savings/investment component and is dramatically more expensive per unit of cover — for most families, pure Risikoleben is the right protection product.

HLV method: 10-15× net annual salary for primary earners with dependants, plus outstanding Baukredit (mortgage) balance, plus outstanding loans, plus Bildungskosten (~€60k-€100k per child for education). For a 38-year-old Familienvater earning €65,000/yr net with a €350,000 mortgage and two children, €500,000-€800,000 is a typical sum insured. Subtract any existing Todesfallversicherung through work.

Risikoleben payouts to nominated beneficiaries are Einkommensteuer-free — they are not treated as income. However, they enter the Erbschaftsteuer (inheritance tax) calculation if the policyholder and policy-owner are the same person. Classic optimisation: spouse A owns and pays for policy on life of spouse B, nominating themselves as beneficiary. Payout then avoids both income AND inheritance tax. This "Überkreuzversicherung" setup is worth discussing with a Steuerberater.

Germany's Erbschaftsteuerfreibeträge 2026: spouse/civil partner €500,000; children €400,000 each; grandchildren €200,000; siblings/other close relatives €20,000. Rates run 7-30% (Tax Class I) to 30-50% (Tax Class III). A €500,000 life policy paid to a spouse uses up their full Freibetrag — structure with Überkreuz to avoid this.

Below certain sum-insured thresholds (typically €300-400k depending on insurer), a written Gesundheitsfragen form (health questions) alone is sufficient. Above, a Ärztliche Untersuchung (medical exam) with blood and urine samples is typically required. Truthful disclosure is non-negotiable under §19 VVG — material misrepresentation can void the policy and deny the claim to your family.

Healthy non-smoker male, €500,000 sum insured, 25-year term: age 30 ~€12/mo, age 40 ~€22/mo, age 50 ~€62/mo, age 60 ~€185/mo. Smokers pay 2.2-2.5× these rates. Women ~15-20% cheaper. Direct insurers (Europa, CosmosDirekt, Hannoversche, Dialog) undercut broker channels by 15-30%; worth using a vergleich portal (Check24, Finanztip) at minimum.

Two single policies typically win. A Verbundene Leben policy pays once on first death and ends — leaving the survivor with no cover at a time they may need it most. Two single-life Risikoleben policies cost only ~10-15% more total and both pay out on death (protecting against simultaneous-accident scenarios). Plus, tax structuring (Überkreuz) is cleaner with separate contracts.