I know most of you are wondering, what is Whole Life Assurance? Well this is a unique form of life insurance which lasts throughout a policyholder’s lifetime unlike term life insurance which is for a specific amount of years.Wholife insurance only matures upon the death of the policy holder on which the benefits are paid out to the beneficiary or beneficiaries provided that the premiums payments were maintained. Germans really like to play it safe and this statement is supported by the fact that Germany has double the number of insurance companies on the domestic market as France.
Without much ado, below are the leading life assurers in Germany;
- Allianz
This European Multinational insurance company based in Munich is the market leader in both Life and General Insurance markets in Germany. It was founded in 1890 and has its operations in over 70 countries boosting over 88 million retail and corporate clients.Allianz is internationally recognized and its services range from life and health insurance to property casualty and travel insurance.
- Generali Deutschland
Generali is the second largest direct primary insurer after Allianz, with its headquarters also based at Munich. It services up to 50 countries worldwide. Not only does it offer life and health insurance it also provides a number of services such as property and legal expense insurances.
- Lebensversicherung Von AG{LV1871]
Popularly known as LV 1871 due to its founding year is an insurance company in Germany which specializes in provision of Life and Annuity Insurance in addition to the innovative occupational disability policy. These policies are really customer friendly, catering for each client’s specific needs. Who really would not want such great service?
- HUK-COBURG Insurance Group
With over 10 Million customers making it Germany’s largest insurer catering the private households market. This insurance company provides affordable insurance policies and coverage for its clients, which include life, health and pension insurance. It also has a range of other policies you can choose from such as automobile liability insurance, property insurance and legal insurance just to mention but a few.
- Versicherungskammer Bayern{VKB Group}
VKB Group under public law in Germany is a personal and property insurer based in Munich. It offers life insurance, private health insurance ,accidental insurance and nursing care insurance for the elderly in the society.VKB Group does not exclude anyone as it takes into consideration both individuals and corporations in their coverage of future risks.
- Bayerische VersorgungsKammer
This may be translated as Bavarian Chamber for Social Benefits and Pensions. It’s the largest public sector group offering pension services and care provision for its large base number of clients in Germany.it covers financial needs for the most vulnerable people in society such as the elderly, surviving dependants and people with disabilities. They have their headquarters based at Bavaria.
Therefore if you are considering taking a Wholelife assurance policy be assured of getting the best quality service from the above globally recognized insurance companies in Germany. Trust me it will be worth every penny.
