Our own death is unavoidable, but the financial burden it can bring for those left behind can be planned for, and so avoided. Funeral costs in Germany have risen sharply in recent years and, depending on the funeral, can come to several thousand euros. Many people want to be sure they are not a burden to anyone and that their last journey is dignified and follows their own wishes. Funeral cost insurance (Sterbegeldversicherung) offers a special and proven solution for this.
Funeral cost insurance is a form of life insurance designed only for the case of death. Unlike a large term life policy (Risikolebensversicherung) with high sums insured, funeral cost policies are built to cover funeral costs. With Allianz, sums insured of €3,000 to €20,000 can be chosen. That is enough to pay for a dignified funeral without putting the family under financial strain. It serves a concrete and easy-to-understand purpose.
In Germany, the cost of a funeral is usually borne by the closest relatives. If they are not in good financial shape, or if the deceased left no other savings, a funeral can be a heavy burden. At the same time, many people understandably want to decide for themselves how their last journey is arranged, and to leave the money needed for it.
Funeral cost insurance is aimed in particular at older people who do not want to burden their relatives with funeral costs, at people without large savings of their own, and at anyone who wants to make sure their funeral can be arranged as they wish, whatever the financial situation of those left behind.
When choosing funeral cost insurance, look at the sum insured, the term, any waiting periods, how the premiums are set and the health requirements. Many providers do without an extensive health check, which makes access easier.
We are glad to help you find the right product, so that you and your family can plan ahead with confidence on this difficult question.
Funeral cost insurance benefits
Before death: funeral advice around the clock, recording personal wishes. Legal advice on wills and estate (after 12 months).
After death: financing and organising the funeral according to your wishes. The insurer handles dealings with the authorities. 24/7 bereavement service. Funeral costs are paid up to the total capital. Any remaining amount goes to grave care or is paid out.
Special benefits: death by accident: double the total capital (no waiting period). Repatriation if death occurs abroad (45 days): organisation and costs up to double the guaranteed capital, max. €20,000.
Sum insured: €3,000 to €20,000. Entry age: 35 to 75 years (lifelong premium payment), 35 to 80 (shortened premium payment), 35 to 70 (single premium). Waiting period: 12 months (monthly premium) or 6 months (single premium). No health check. Optional 3% annual increase (dynamic). Can be raised later by €500 to €2,000 per year (max. €20,000). Benefits are free of income tax.
