Life insurance is an appropriate product for every single person who is working or being an entrepreneur in the Czech Republic with no difference of age, income, health background etc. Life insurance is an essential product your financial portfolio should be built on.

• Protection of your income – life insurance is keeping your income on the same level, even though you are not capable to work. In the Czech republic, you get statutory 60% of your income from the day nr.19 of your incapability to work. The rest of 40% is paid by insurance group.
• Protection of your family – from financial consequences of unexpected health issues. This might result in loosing a part or the whole income.
• Coverage of significant costs that are usually connected to high costs not covered by the health insurance. Such costs are connected to the treatment, medical instruments or mentioned loss of income.
• Guardian of your financial reserves that are accumulated for different purposes such as family, property/car purchase, holidays, or as an emergency reserve
• Prevention – life insurance is your safety tool to minimize possible financial consequences of your handicap and stabilize your income in such a situation

The structure of life insurance is crucial for its overall functionality and necessary financial performance. That’s why it should always be set up individually based on your: current life situation (family etc.), age, lifestyle (active vs less active), health conditions, future plans, nett income, commitments, price limit etc. The structure should be changing in time as well as is changing your life situation.

No, there is no necessity to visit the insurance group from your side. The entire administration is managed from our office. Even when having an injury or being sick, we assist with announcing the event to insurance group from the comfort of your home.

The total cost of insurance depends on the structure of the insurance, your age, the insurance period and your health condition. Average insurance costs vary from 1.5% to 2.5% of your net monthly salary. However, the calculation is always based on your max acceptable price.

Yes you can add any family member to your active life insurance in any moment you want. The structure of the insurance including the price is updated and accepted from the beginning of upcoming month.

In such a case, contact us with a detailed description of the situation, we will immediately check with the insurance company and take care of all administration (collection of medical reports, filling out the form, sending to the insurance company, supervising the process and money transfer from the insurance group to your account)

Classic life insurance focuses “just” on covering the health issues you might be dealing with. Life insurance with investments includes, also investment into open funds. The total amount you pay is divided between these two components. Life insurance with investments is tax deductible but has very low level of transparency, liquidity and is connected to many additional costs.

Yes, by all the insurance groups on the market. Life insurance is even more important for them comparing to employees as there is no 60% income compensation guaranteed. Incapability to work usually means no income for entrepreneurs.

The update of an insurance can be processed whenever you want to! The structure should go “hand in hand” as your life and financial situation is changing throughout the time. Are you expecting a baby? Let’s increase the level of your coverage so the family is safe. Is your new job position more risky? Let’s update the structure.

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