Lebensversicherung is the name in Germany for life insurance. There are two types of Lebensversicherung, both are designed to pay out in event of the death of the insured person.

The main difference is between a Risikolebensversichung that is designed to cover this risk, sometimes combined with a disability insurance, and a Kapitallebensversicherung that not only covers the risk of dying, but also pays out a lump sum or a person if the insured person reaches a specific age.

The cost depends on the type of insurance, but also on the person being insured, such as age, lifestyle, etc.

A special form is the Ausbildungsversicherung, which allows parents to save up for their childrens’ future, eg. to cover student fees.

To hear a simple explanation and a short discussion in German, listen to the podcast:

(Press the “play” button to listen to the podcast)

Download the MP3 file | Comment in the forum

Subscribe to the podcast | Listen by telephone

Disclaimer: this podcast is a simple explanation for non-native speakers. For insurance advice, please contact a Versicherungsvertreter or Versicherungsmakler.

This entry was posted on Sunday, August 24th, 2008 at 11:55 pm and is filed under German Words Explained, Insurance, Podcasts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.