Term life insurance what role does the cause of death play-

Term life insurance: How relevant is the cause of death??

4 Min Heart attack, cancer, dementia – the causes of death in Germany are diverse. Find out what term life insurance does and doesn't cover here

Heart attack, cancer, dementia – the causes of death in Germany are manifold. Find out what term life insurance covers and what it doesn't here

– This is what men and women die of in Germany – When an autopsy is necessary – Concealed illness, suicide, killing by beneficiary – then the insurance does not pay

Suddenly or after a long illness: 939.520 people died in Germany in 2019. Cardiovascular diseases, cancer and various forms of dementia were among the most common causes of death. These illnesses can also play a role in the payout of a term life insurance policy, because very many, but not all, deaths are covered by this policy. Here you can find out what most men and women in Germany die of, how a cause of death is defined and which deaths are excluded from term life insurance.

What are the most common causes of death in Germany?

Most people, more than one-third (35.3 percent), died of cardiovascular disease in 2019, according to the Federal Statistical Office. However, the average age at death for these diseases is the highest compared to other diseases – for women it is just under 86 years, for men it is just under 79 years. This is followed by cancer – lung cancer is particularly common in men, and breast cancer is especially common in women after dementia and heart failure.

Term life insurance what role does the cause of death play?

Cause of death unexplained! When is an autopsy performed?

To an autopsy or. Post-mortem examinations are performed when external causes cannot be ruled out or difficulties arise in determining the specific cause of death, for example, because the deceased suffered from several illnesses.

A forensic pathologist – in the case of suspected non-natural causes – or. a pathologist then examines the body. A preliminary report is usually available within a few days, the final expert opinion takes several weeks. In addition to the public prosecutor's office, the attending physician, professional associations, the public health department, and the relatives themselves (request for private autopsy) can also request an autopsy.

An autopsy can sometimes detect previously undetected work-related illnesses that may allow compensation payments to be made to loved ones.

What role do common causes of death play for term life insurance?

Causes of death and statistics on death and survival probabilities are the basis for insurers to calculate their premiums. The amount of the premiums is based on the probability of death of the insured as well as other factors such as health status and lifestyle – the lower the probability of death and healthier the lifestyle of the insured, the lower the premiums are. For example, smokers or those with chronic illnesses (e.g.B. Type 2 diabetes) have a higher probability of death. Your lifestyle or. your previous illness often leads to one of the common causes of death such as lung cancer or heart failure.

These three points define term life insurance:

– Term life insurance is a sub-type of life insurance. – Term life insurance is designed to provide coverage for others. Beneficiaries can be, for example, the husband or wife, the own children, but also business partners. – The insurance sum is only paid out if the insured person has died and the cause and manner of death have been clarified.

Which causes of death are excluded from term life insurance??

In principle, term life insurance pays out the sum insured upon the death of the insured person, regardless of the cause of death. There are only a few exceptional cases.

Some examples in which the term life insurance does not cover:

– If the insured person has answered the health questions and questions about the life situation incompletely or not truthfully at the time of conclusion of the contract. Sometimes there are exceptions, if the concealed disease was not the cause of death. If a disease was concealed and thus the so-called pre-contractual duty of disclosure was knowingly violated, the complete insurance coverage may expire. – If the insured person takes his or her own life within the first three years of the policy's inception, most insurance companies will not pay out. If necessary, however, there are also other regulations in the contract details. – In the case of death by external causes, the insurance company usually awaits police investigations. If the beneficiary is responsible for the violent death of the insured person, he or she will not receive the insured sum.

In addition, there are other scenarios that individual insurance companies describe in detail in the contract. For example, death due to warlike events may be excluded, or due to nuclear, biological or chemical weapons.

Are accidents also covered by term life insurance?

Yes, in addition, the Verti term life insurance can be supplemented with accidental death supplementary insurance. With this optional additional insurance, the payout amount increases to 1.5 to 2 times the agreed sum insured, depending on the contract variant, if the insured person dies as a result of an accident.

Let's say you take out a term life insurance policy with a sum insured of 100.000 euros and choose the accidental death supplementary insurance. If you die as a result of an accident, the beneficiaries would receive 150.000 euros paid out.

At Verti, we offer people with a wide range of needs good and affordable coverage for their loved ones. Therefore, in our tariffs there are numerous possibilities to individualize the term life insurance policy. Convince yourself and make the comparison with our online quick calculator: Our insurance convinces with stable premiums, flexibility, transparency and simplicity.

You can reach our service staff by phone at 030 – 890 003 366 or online, for example via contact form or e-mail. In direct contact with our experts, you can quickly and easily clarify all your questions, concerns and wishes.


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