Children are the future. That includes their financial security. Many parents want to make sure early on that their children get a good start in adult life, whether for training, university, a driving licence or a first flat of their own. The KinderPolice is a financial product with exactly this aim: long-term saving for the child's future, combined with insurance cover for important life risks.
In Germany there are several ways to save for children. Savings accounts, fund savings plans or life insurance products: each has its own advantages and disadvantages. The KinderPolice generally combines building capital with insurance cover. Either the parents' death cover is included, so the savings goal is still reached if a parent dies early, or occupational disability cover for the child is built in. That is double protection for the family's future.
A long time horizon is an important aspect of such products. The earlier you start saving, the longer compound interest can work. Even small monthly amounts can grow over 18 or more years into a worthwhile sum for the child. With a KinderPolice that includes a life insurance component, parents also benefit from the tax treatment of insurance benefits.
The KinderPolice is for all parents and grandparents who want to provide long term for their children or grandchildren. It is especially attractive for people who value a combination of savings and insurance cover and want to put their child's financial future on a solid and reliable footing.
When taking out a KinderPolice, look at the cost structure, the return prospects, flexibility (e.g. the option to adjust contributions), the insurance cover included and the tax aspects.
We help you find the right product for your child's future. A good start in life is the most valuable thing you can give your child.
Child provision benefits
KinderPolice: capital building from the first day of life with lifelong support. Pension payout: monthly pension or lump sum from retirement age. Flexible investment method (e.g. InvestFlex with a 60% guarantee level). Child care pension (Kinderpflegerente) optional. Conversion into income protection without a health check. Death benefit: 23 times the annual guaranteed pension.
AusbildungsPolice: specifically for training and university costs. Flexible use of capital. Modules can be added.
Disability cover for schoolchildren (BU für Schüler): monthly pension from 50% disability. Simple health check at school age. Low contributions thanks to early entry. Immediate help for cancer.
Planned early-start pension (Frühstart-Rente): the state pays 10 euros a month between the ages of 6 and 18 into an individual retirement account. For all children in educational institutions in Germany. Payout only at the standard retirement age.
