Check your financial position
You should be aware that you have to pay life insurance premiums not only now, but in ten, twenty or thirty years. Think about how much money you have available each month and what amount you can realistically do without. You should avoid contracts with a payment obligation! It is better to have insurance companies that allow you to take a break from paying in and leave your premiums on hold.
Note the duration
A life insurance contract is long-term. If for whatever reason you want to get out of this contract before the term ends, you will lose a lot of money. So be careful with life insurance policies that are taken out over a very long period of time.
Compare different variants
Some providers advertise with high tax advantages, others with very good returns. It remains to be seen what is ultimately true. Consider the alternatives: You can also save taxes by opening a 3a account with the bank. There it is also possible to invest money in securities. You have chosen the cheaper option and do not even have to pay a fixed annual amount.
However, if you need to secure someone financially, if something should happen to you, life insurance is a good and inexpensive choice. Think about whether you need pure risk insurance or whether a pension should be included if you are unable to work. Risk life insurance is more flexible than mixed life insurance for capital formation and to cover death.
Don't be pushed
The financial advisor often wants to go home with a signed contract in his pocket. Do not let yourself be pushed to take out life insurance, but always ask for time. You should sleep at least one night on the offer! After all, you commit yourself to the contract in the long term, from which you can only get out with financial losses.
Get a second opinion
It is always good to know different views. It is therefore best to get a second opinion from an independent financial advisor that can be used for comparison.
Do not pass on any data
Insurance advisors often ask for the addresses of your friends and colleagues. Do not pass them on! The data transfer has nothing to do with your contract. In such a case, it is better to contact another consultant.
Conclusion: How to find the best contract
The best life insurance contract for you can only be found after a precise comparison. The offers are too different, the conditions of the providers too different. Do not be forced to rush to sign the insurance contract and do not pass on unnecessary data. Ask for time to think and look above all for the price-performance ratio and not just for the premiums.
You can Find the best life insurance nowby doing our comparison!
