Best term life insurance: spoiled for choice

In the current Focus Money test, there is not only a best term life insurance. Depending on the duration and nature of the insurer, different providers are ahead. The tariffs of Allianz and its subsidiary DLVAG as well as Europe and Hannoversche are among the best term life insurance policies.

Who currently offers the best term life insurance? The Focus Money Test (Issue 14/2014) comes to different conclusions – depending on whether it is a service or direct insurer. Although direct insurers can offer slightly lower tariffs, consumers usually do not have a direct local contact. In addition, gross premiums, which can be incurred by the insurer due to unfavorable economic conditions, are often higher than those of the service insurers. As the name implies, great emphasis is placed on comprehensive advice and direct contact with customers. Decisive for the contribution amount and the performance in the test is also the term of the term life insurance. The test looks for the best term life insurance policies in 2014 with a maturity of 10, 20 and 30 years.

Best term life insurance 2014 – How was tested?

The testers take as model customers a 30-year-old bank clerk. In addition, the test subject is non-smoker and agrees a basic protection of 100,000 euros in the event of death. Since the level of contributions actually required by the term life insurance is decisive for most consumers, this criterion is given a particularly high weighting in the overall grade. It is 50 percent included in the test result. The maximum gross premiums written are taken into account at 30 percent and the insurer’s financial strength at 20 percent.

Best term life insurance 2014: These are the test winners

In the test, several test winners will be chosen depending on the running time. These include service insurers such as Allianz, DLVAG and Continentale, as well as direct insurers Europe, Huk24 and WGV. These are the best term life insurance policies in 2014.

10 years running time

  • DLVAG: LOU (DL) tariff; Overall grade 1.0
  • Europe: E-T2 fare; 1.35
  • Continentale: T2N fare; 1.60
  • Alliance: LO tariff; 1.65
  • Nuremberg officials: NB2731 fare; 1.70

20 years running time

  • DLVAG: LOU (DL) tariff; Overall grade 1.15
  • Alliance: LO tariff; 1.65
  • Huk24: WB24 fare; 1.65
  • WGV: R1 basic tariff; 1.65
  • Europe: E-T2 fare; 1.75

30 years running time

  • DLVAG: LOU (DL) tariff; Overall grade 1.40
  • Hannoversche: FIT tariff; 1.60
  • Alliance: LO tariff; 1.65
  • Asstel: AQK8 Classic Basic Rate; 1.80
  • Europe: E-T2 fare; 1.90

What is the “best term life insurance 2014” good for?

As soon as you have to look after a family, you should think about their financial protection. A term life insurance guarantees the protection of survivors in the event of death. Even those who finance their house with a loan from a bank usually have to take out endowment insurance. If the insured dies before the remaining debt is settled, at least the loan can be paid off and the family can keep their home. Since a term life insurance is paid only on the death of the insured and unlike the capital-forming life insurance can not be used for old-age provision, it is already available for a few euros a month. The best term life insurance in the 2014 test at the best price is a net contribution of € 33.91 a year over a period of ten years.