Life insurance, a major savings instrument, is still a poorly developed segment, and clients buy such policies only because they are forced by banks they took out loans from and not because they worry about the future. But how much does a life insurance policy cost? ZF asked for information from all the companies present on this market with regard to the value of the annual premium a client must pay for a 10, 20 or 30-year mixed insurance policy and an insured sum of 100,000 euros. For a healthy 30-year old man working in a non-perilous environment, a mixed insurance policy costs between 9,000 and 11,300 euros per year if the policy is sealed for a 10-year period. In case the policy's maturity is 20 years, the premium goes down to 4,000-5,700 euros per year, depending on the company. For a policy signed for a 30-year period, the premium ranges between 2,300 and 4,000 euros per annum. Mixed insurance pays claims both if the insured person dies and if he or she lives, so there is practically a win-win situation, but premiums are even ten times higher than those of simple insurance.
Life insurance, a major savings instrument, is still a poorly developed segment, and clients buy such policies only because they are forced by banks they took out loans from and not because they worry about the future. But how much does a life insurance policy cost? ZF asked for information from all the companies present on this market with regard to the value of the annual premium a client must pay for a 10, 20 or 30-year mixed insurance policy and an insured sum of 100,000 euros. For a healthy 30-year old man working in a non-perilous environment, a mixed insurance policy costs between 9,000 and 11,300 euros per year if the policy is sealed for a 10-year period. In case the policy's maturity is 20 years, the premium goes down to 4,000-5,700 euros per year, depending on the compan