LIFE INSURANCE

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  1. Life Insurance

Our Life Insurance gives you and your family peace of mind in your everyday life, while safeguarding your future finances in a simple and inexpensive way.

When you buy Life Insurance from us, you are thinking ahead and protecting your family financially in the event of your death.

You can take out Life Insurance for either yourself or a close relative, such as your partner.

When you take out Life Insurance for yourself, any compensation is paid to your next of kin, or to one or several persons that you have actively designated as beneficiary(ies).

When you take out Life Insurance for someone other than yourself, e.g. your partner, you will be using what is called Cross-Life Insurance. Your partner must complete a health declaration before the Cross-Life Insurance can take effect.

With Cross-Life Insurance, as the policyholder you are guaranteed payment of the fixed insurance sum if the insured person dies, without being required to pay estate tax on the compensation.

You can take out Life Insurance with us for as long as you are aged 18-49, and the Life Insurance will apply right until you reach the age of 75.


  • Tax-free payment

    The payment of Life Insurance to next-of-kin is tax-free.

  • Financial security

    The insurance is paid out irrespective of whether the death is due to accident or illness.

  • Your choice

    You choose the amount to be paid out – and to whom.

Life Insurance Life Cross-life
Death

The fixed insurance sum will be paid if the insured person dies during the insurance period.

The insurance sum may be fixed in the range of DKK 500,000-2,500,000.

Life insurance of persons other than the policyholder

Cross-Life Insurance protects a person other than the policyholder.

The fixed insurance sum is paid out to the owner of the insurance if the insured person dies during the insurance period.

HOW TO PURCHASE LIFE INSURANCE

You can purchase Life Insurance at the top of this page and in our webshop (in Danish). Here, you choose whether you wish to take out Life Insurance for yourself or someone else. Then you must enter your personal details and state how much you wish to have paid out in the event of death.

In addition, a health declaration must be completed, so that we can give you the best price. Who is to complete the health declaration will depend on whether this is insurance for yourself or someone else.

Read more about the health declaration (in Danish)


DO YOU NEED LIFE ASSURANCE FOR YOURSELF OR SOMEONE ELSE?

You decide for yourself whether you wish to take out Life Insurance for yourself or someone else.
When you take out Life Insurance for yourself, any compensation is paid to your next of kin – spouse or registered partner, children, parents or grandchildren – or to one or several persons that you have designated as beneficiary(ies).

You can also take out Life Insurance for someone else and thereby use our Cross-Life Insurance. This is a particular advantage for cohabiting partners, since a Cross-Life Insurance policyholder is guaranteed payment of the fixed insurance sum if the insured person dies, without having to pay estate tax.

Cross-Life Insurance means that there are no compulsory heirs.


HOW IS THE COST OF YOUR LIFE INSURANCE DETERMINED?

The cost of your Life Insurance depends on who is to be insured. We believe that the price must be based on the insured person's risk, since this ensures the fairest treatment for everyone.

Based on comprehensive statistics, the price of your Life Insurance therefore depends on such factors as the insured person's age and level of education, and their health situation.

In addition, your price depends on the level of the insurance sum you wish to receive.

Calculate the price of your Life Insurance here (in Danish)

When you purchase Life Insurance or Adult Insurance from us, you will receive a provisional price, after which you must complete a health declaration. On the basis of this health declaration, we will determine your personal and final price.


HOW MUCH IS PAID IN COMPENSATION?

You can set the insurance sum yourself and choose whether you wish to receive an insurance sum of DKK 500,000, 1,000,000, 1,500,000, 2,000,000 or 2,500,000 in compensation. You can adjust this in our webshop.

In this way you will get Life Insurance that matches your requirements.


Questions & answers

What insurance sum should I choose for the Life Insurance?

In principle, Life Insurance should ensure that your family can continue with a relatively unchanged standard of living. You should therefore consider your finances, your net worth, your home mortgage, other debt and large investments when you determine the insurance sum under the Life Insurance.


Why does the cost of my Life Insurance increase?

The cost of your Life Insurance increases with your age. There are several reasons for this, but the main reason is really quite simple: The older you become, the greater your risk of dying. The greater the risk that Life Insurance is to cover, the higher the price will typically be.

Some insurance companies choose a different solution, whereby everyone pays the same price for their Life Insurance, irrespective of age, as a kind of average price. But we believe that it is fairer for you – and for other customers – that you pay for the risk associated with your age.

So Life Insurance is cheaper while you are young, while the price is a little higher as you get older.

The cost of your Life Insurance thus increases continuously until you reach 49 years of age, after which the price will be the same. On the other hand, we reduce the insurance sum for your Life Insurance by 10% annually until you reach 75 years of age.

We do this so that the cost of your Life Insurance does not become too high. Many of our customers have started a family and already have older children when they reach the age of 50, giving a reduced need for extensive Life Insurance.

The need for the extra financial security of a higher insurance sum is usually greatest while the children are very young. As the children grow up, this need is reduced, and we therefore assess that a lower insurance sum is better than a higher price for Life Insurance.


Why has the price changed after I completed the health declaration?

When you order Life Insurance from us, you get a provisional price based on the information we hold about you. When you have completed a health declaration after your order, we will have more information on which to base your price, and the cost of your Life Insurance can therefore change.


Does my educational level affect the cost of my Life Insurance?

In addition to your age, your educational level also affects the cost of your Life Insurance. It does this because statistics show a link between length of education and the risk of dying.

The longer your education, the cheaper your Life Insurance will be. In this case, too, we think that it is fairer for you – and for the other customers – to pay for the risk that, according to the statistics, is linked to your level of education.


Why does the cost of my Life Insurance increase once a year?

Your Life Insurance sum and price are adjusted annually in step with the other increases in prices and salaries in society. This is called index-linked adjustment.

The adjustment of the Life Insurance price varies from year to year, and therefore we can only give you a fixed price for your Life Insurance for one year at a time.


To whom does the Life Insurance pay out compensation?

The Life Insurance pays the compensation to your next of kin. You should be aware of the special conditions concerning a cohabiting partner that must be fulfilled for this partner to receive compensation from the Life Insurance policy as the next of kin.


Choose a beneficiary for your Life Insurance

If you wish to choose to whom the compensation is to be paid, you must name a beneficiary in your Life Insurance policy.

You can change your Life Insurance beneficiary according to your situation, you can select several persons as beneficiaries, or you can choose an association, charitable organisation or similar.

Naming an irrevocable beneficiary means that any compulsory heirs cannot contest the beneficiaries named in the Life Insurance. An irrevocable beneficiary can only be changed if this is accepted by the beneficiary.


Cross-Life Insurance

There may be situations where people who are not spouses need to protect each other using Life Insurance, as registered partners, cohabiting partners or business partners.

In such a case, you can draw up mutual Cross-Life Insurance.


Health declaration

When you wish to purchase Life Insurance, you must complete a health declaration.

Read more about the health declaration here: Health declaration (in Danish)

Terms and conditions and purchase terms

Terms and conditions for Life Insurance

Please refer to the applicable terms and conditions for our Life Insurance.

Terms and conditions – Life Insurance (in Danish)

Purchase terms

You can find our purchase terms here:

Information on purchase of insurance (in Danish)

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  1. Life Insurance