The EmmaLife life insurance

Term life insurance (also called life insurance or pure life insurance) is insurance that covers the financial risk of death. It takes over if you die due to illness or an accident during the term of the insurance. In this case, the beneficiaries you have chosen receive the insured cash benefit, the so-called sum insured (also known as the lump sum on death). Beneficiaries are mostly family members, business partners or lenders, at EmmaLife you can freely choose them.

• If you want to protect your family from the financial consequences of your death
• If you have taken out a mortgage and want or need to provide death insurance as security
• To secure financial obligations with business partners. If there are further financial obligations that need to be secured

The insurance cover generally exists worldwide for deaths as a result of accident or illness with the reservation of the following causes of death:

• Suicide : The Pax pays unlimited benefits in the event of death through suicide that were insured without interruption for the last 3 years at the time of death. So if you have been insured with us for less than three years and a death occurs due to suicide, then your specified beneficiaries will not receive any benefits.
• Risk : There is no insurance cover for deaths that occurred as a result of relative and absolute risk. Risks are actions with which the deceased has exposed himself to a particularly great danger. These actions are carried out without taking or being able to take precautions that would limit the risk to a reasonable level (e.g. base jumping, motorcycle racing, etc.). Pax is based on the specifications of the SUVA without being bound by them.
• Furthermore, there is no insurance cover:
  • For deaths related to a crime or misdemeanor.
  • For deaths that occurred while traveling in dangerous regions (travel warning according to EDA).

Most people start out by calculating their premium. You will find out the amount of the premium immediately, with just a few details about yourself. If you would like to submit an application, we will ask you further questions regarding health and contact details. At the end you can download and print out your non-binding application. We will also send you your application by post within a few days (usually within 24 hours on working days). As soon as the insurance company has issued a policy on your application, you are insured.

Don't worry: as long as you have not yet received a policy from the insurance company, you are (after receipt of your application) already provisionally insured.

The annual premium to be paid depends primarily on the risk of death. The risk assessment is based on the average probability of death for your age group. As a rule, the higher your age, the higher the probability of death and the higher the premium.

Other factors that influence the premium are:

• the amount of the sum insured
• the state of health (e.g. smoking status or BMI)
• the professional activity of the insured person (only in exceptional cases)

The following applies to the Flex tariff: Your premium is recalculated every year based on your current mortality risk. This is why your premium usually increases.

The following applies to the Fix tariff: Your premium will be averaged on the basis of the term you have determined. Therefore, unlike the Flex tariff, your premium is the same every year.