New test for term life insurance: The costs are important

Risk life insurance in the test: costs have the greatest weight

Risk life insurance in the test: costs have the greatest weight

The main criterion for the valuation are the costs of term life insurance. The test differentiates between so-called gross and net premiums . The former are the contributions that a customer would have to pay a maximum in the year. By contrast, net contributions are the actual annual costs after surpluses generated by the insurer have been offset against the gross premium.

While both amounts are almost identical for some insurers, the costs for other companies are very different. At the same time, the gap widens with increasing duration and amounts to more than 150 euros per year for a 30-year insurance period. Interested parties should therefore consider how much they have to pay if the company does not make any surpluses before concluding a tariff with supposedly low net premiums. If you prefer to play it safe, choose an offer with minor differences.

The net contribution accounts for half of the total, the gross contribution 30 percent. In addition, insurers’ financial strength contributes 20 percent to the valuation. This means that it is judged whether the company is solvent over the entire term or whether insured persons have to reckon with premium increases due to financial difficulties.

Tip: In the case of term life insurance, apart from age and state of health, it is mainly the amount of the insured sum that determines the costs of the hedge. As a rule of thumb, it is true that three to five times the annual net income to agree. However, it often makes more sense to calculate the demand more accurately. For example, if there are children in the family, the total should be set higher.




   In order to find out which offers can score in terms of costs, the tariffs of the entire market were examined in term life insurance. However, only the offers that have at least a good rating were included in the Focus-Money ranking. The tariffs of BNP Paribas Cardif and Deutsche Lebensversicherungs-AG are among the best offers for all three tested terms. They were the only ones to receive top marks for their net contributions , supplemented by the direct insurer Europa, which, however, lags behind its gross premiums. The cheapest are the offers at a ten-year term. Here the tariffs cost between just under 31 euros and around 56 euros net per year.

The best term life insurance with a ten-year term:

  • Alliance – LCO
  • AXA – ALVT2
  • BNP Paribas Cardif – Protect24-U 1.0
  • DBV – ALVT2
  • German life insurance AG – LOU (DL)
  • Stuttgart – T20
  • Europe – E-SRL (direct)
  • HUK24 – WB24 (direct)

Service: With the risk life insurance comparison calculator you can find the individual protection at the best price from a variety of tariffs.


As the term increases, the costs for term life insurance increase. Thus, for the best contracts in the test over a period of 20 years between around 43 euros and 96 euros annually payable. Here the tariffs of BNP Paribas Cardif, German life insurance AG, Europe and HUK24 were rated outstanding.

For a contract period of 30 years, insured persons have to pay between just under € 72 and about € 127 for mortality protection.

The best offers at a glance:

  • BNP Paribas Cardif – Protect24-U 1.0
  • Canada Life – Risk life comfort
  • German life insurance AG – LOU (DL)
  • Zurich Life – Eagle Star Risk Life basic
  • HUK24 – WB24 (direct)

For health issues despite possible risk premium to be honest

 The costs for a term life insurance depend both on the desired sum insured and after the insurance period. In addition, there is the so-called risk factor of the insured . If, for example, he has a physically demanding job or a risky hobby, some providers often require a supplement. The same applies to people with previous illnesses. Because these increase the risk that the benefit case could actually occur. Therefore, potential customers have to answer some health questions before the contract starts. They should stick to the truth and conceal nothing. Otherwise, there may be problems with the insurer in the event of a claim.

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