Life insuranceAn investment in the life of those who matter to you.
First year of life insurance at half price
You can now get life insurance at a 50% discount! The discount will be granted for the first year’s insurance premium. The discount applies to life insurance policies taken out by private customers during the period 1 November 2020–31 January 2021.Get life insurance at a 50% discount!
Financial security for your loved ones
Life insurance is particularly important if you are responsible for your family’s livelihood, if you have children or if you have loans.
Life insurance tailored to your needs
Choose a life insurance policy that best suits your circumstances according to the size of your household, your income and loans.
A 45% higher benefit for owner-customers
If you have chosen a death benefit of, for example, EUR 100,000, we will pay EUR 145,000. The increase is confirmed annually. You also earn OP bonuses by paying your insurance premiums.
We use automated decision-making in insurance decisions. We will check your credit rating from Suomen Asiakastieto Oy.
Would you like a quote for more than one type of insurance?
You can also ask us for quote on life insurance and other home, family and property insurance all in one go.
Insurance to suit your circumstances
The best life insurance is one that will enable your loved ones to continue life without financial worries. The right amount of life insurance helps your loved ones to, for example, pay back loans and inheritance tax.
The premium on your life insurance policy depends on both the amount of benefit you have chosen and your age. You can choose the amount of benefit according to your circumstances and change it at any time while your policy is in force. You can calculate the right amount by factoring in your family’s loans, annual income and number of children. As a rule, the benefit should cover at least your share of any loans, your annual gross income and EUR 20,000 per child.
Joint cover for peace of mind
Joint cover is a good option if you and your partner share the responsibility for your household’s finances. Joint cover is a life insurance policy for two individuals, each of whom can name their beneficiary independently. Joint cover is usually cheaper than individual life insurance policies. With joint cover, the benefit is paid to the beneficiary named by the deceased. If both insured persons die at the same time, the benefit is split between their beneficiaries. If you would like to learn more about joint cover, you can book an appointment with your local specialist here.
Benefits paid from life insurance
Your life insurance policy pays out to your chosen beneficiaries after your death. The insurance covers death as a result of illness or accident. You can change your beneficiaries online at any time while your policy is in force. What about tax? If the beneficiary of your policy is your next of kin, they will have to pay inheritance tax on the benefit. If your beneficiary is not your next of kin, the insurance payout counts as capital income and is subject to capital gains tax.
If you would like to talk to our specialist about life insurance, you can contact our customer service on 0303 0303 (between 8.00 and 19.00 from Monday to Friday).
Life insurance is granted on the basis of the health declaration. A health declaration can be filled in easily online, and it is used to determine whether the policy can be granted.
A policy may nevertheless be granted even if you are not entirely healthy. The decision is always made on the basis of the health declaration.
It is important that you do not terminate any existing policy until you have received a decision that a new policy has been granted.
The easiest way to give or change beneficiary nomination is to log in op.fi service. Alternatively, you can submit a new beneficiary nomination by using the form.