Life insurance for expats in Estonia

• Anyone that is responsible not just for themselves but responsible for someone else. This can be a partner, a child, or a relative that is financially dependent on you.

• If you have a mortgage together with your partner, it makes sense to get term life insurance for the main earner, or for both of you if you’re contributing equally.

• If you have a business with a business partner that would suffer if you die, this can also be a scenario where someone is 'dependent' on you.

In the cases where you need it most, it is the cheapest. If you're a young family, for example, it's much cheaper than if you're already much older - but in this situation, you likely have more savings to rely on and don't need as high a cover sum.

Work out for each of these how much you need and add them up:

1. In general, we recommend around 10k Euros per child per year until he or she is 18 (or 23 if you want to finance university).

2. Additionally, if you have a mortgage, you should add the total cost of the mortgage.

3. If your partner is reliant on you, then 3-5 years of all expenses paid is recommended.

If that's too complicated, you can get 3-5x your gross yearly salary, and it will be a good approximation

You have the flexibility to increase or decrease your coverage within a range of €25,000 to €600,000, depending on your age. If you'd like to make adjustments, simply contact our support team, and we’ll be happy to assist you.

The policy pays out when the insured person dies. For the disability add on: receive €100,000 if you become permanently disabled due to an accident and can no longer perform your main occupation.

You can designate your beneficiaries during the application process. If you need to update or change them later, you can do so directly in your account. If you need any assistance, our customer support team is happy to help.

Your insurance premium increases each year. The exact rate of increase depends on the age.

Your life insurance coverage ends when you turn 65 years old. After this point, the policy will no longer be in effect.