Life Insurance Calculator
Calculate the surrender value or maturity benefit of your life insurance. Free with amortization schedule, interest comparison, examples for 2026.
e.g. ETF savings plan
Life Insurance
Alternative Investment (5.0 % p.a.)
Alternative investment performs better
Difference: €54,838.80
Note: Life insurance also provides death cover. The alternative is purely mathematical, without considering taxes and risk.
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
FAQ
Frequently Asked Questions
Is a life insurance policy still worthwhile?
Traditional capital-forming life insurance offers low returns due to persistently low guaranteed interest rates. Term life insurance is much cheaper and may be more suitable for pure risk protection.
What types of life insurance are there?
The main types are term life insurance (pure death benefit), endowment life insurance (savings plus death benefit), and unit-linked life insurance (investment-based). Each serves different financial goals.
Are my entered amounts stored anywhere?
No. All calculations happen exclusively in your browser. Your inputs are never sent to our server or stored. You can safely enter sensitive financial data.
Guide
Quick Answer
The life insurance calculator computes the expected payout of an endowment policy or the premium for a term life insurance policy.
What is the Life Insurance Calculator?
The life insurance calculator computes the expected payout of an endowment policy or the premium for a term life insurance policy.
How does the Life Insurance Calculator work?
For endowment policies: enter the monthly premium, term and guaranteed rate. The calculator computes the guaranteed maturity benefit. For term life: enter the sum insured, term and age to estimate the monthly premium.
Key Data and Facts
Guaranteed rate for new contracts (from 2026): 1.0%. Term life for a 30-year-old: approx. 5-15 euros/month for 200,000 euros cover. Proceeds from policies taken out before 2005 are tax-free.
Step-by-Step Guide
How to calculate your life insurance step by step: 1. Choose the type of insurance: an endowment life insurance (savings component + death benefit) or a term life insurance (pure death benefit, considerably cheaper). 2. Determine the sum insured: rule of thumb for term life: 3-5 annual net salaries. For a family with a property loan: at least cover the remaining debt. 3. Set the term: term life typically until the children are independent or the loan is repaid. Endowment: often 20-30 years until retirement begins. 4. Calculate the premium: term life: age, state of health and term determine the premium. Endowment: monthly premium x term x guaranteed interest rate (1.0 % from 2026) gives the guaranteed maturity benefit. A profit share is added on top. 5. Consider the tax treatment: earnings from contracts taken out from 2005 onwards are taxable at half upon payout after 12 years and from the age of 62.
Calculation Example
Term life: 35-year-old, non-smoker, 250,000 EUR sum insured, 25-year term. Monthly premium: approx. 12 EUR. Endowment policy: 200 EUR/month, 30 years, 1.0 % guaranteed interest rate. Guaranteed maturity benefit: approx. 83,700 EUR.
Sources · E-E-A-T
Official sources
Calculations are based on applicable German laws and official data:
- Deutsche Bundesbank
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Statistisches Bundesamt (Destatis)
Full methodology at Methodology.
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