Comparing life insurance policies – choose a suitable life insurance cover for you

Are you considering taking out life insurance but want to compare different options? Life insurance policies come in several different options and are often intended for different situations in life. When comparing policies, pay attention to your household size, debts and annual income. By taking the right things into consideration, you ensure that your life insurance is suitable for your situation.

                                                Life insurance is security for the future and particularly important when you have a family or debt.
Free 50% increase
Life insurance
Äiti katsoo hymyillen lastaan tietäen, että hänellä on yrittäjän henkivakuutus turvanaan.
Life Insurance for Entrepreneurs and Personnel
Ensure the continuity of your business and reduce financial risks related to your personnel.
Joint cover lets you secure your family's finances in the event of your death.
Joint cover
NewLife life insurance

When comparing life insurance policies and before purchasing, it may also be helpful to listen to experiences from people with different life situations. Hearing the experiences of others can help you decide which insurance product is the best option in your situation.

Whichever life insurance policy for personal customers you choose, you get an automatic 50% increase in the sum insured of your life insurance if you are an OP cooperative bank owner-customer or Pohjola Insurance prime customer.


Single and joint cover

When comparing life insurance products, think about your current life situation. In single cover, the life insurance covers one person. In turn, joint cover is a life insurance for two insured persons. For example, joint cover is intended for couples who handle the household’s finances jointly and often has a lower premium than single-person policies. 

In joint cover as in single-person life insurance, each insured person chooses their own beneficiary. Both types of insurance require filling out a health declaration. You can also choose the sum to be paid out to the beneficiary if you die during the policy’s validity.


Free NewLife life insurance for parents of newborns

The birth of a baby is a major life event, and while parents often take out insurance for the newborn, it's advisable to also remember to secure the family’s livelihood. NewLife is a life insurance policy for parents of children under the age of 1, and can be taken out immediately after birth until the child is 1 year old.

The first year of NewLife insurance is always free of charge to both parents. Unlike in single and joint cover where you choose the amount of benefit, in NewLife insurance, the benefit is always set at €20,000. NewLife insurance also differs from other life insurance policies in that it does not require a health declaration to be completed. You can buy the insurance even if your state of health would usually disqualify you from life insurance.

Life insurance for entrepreneurs

If you are self-employed, you can take out a life insurance policy designed specifically for entrepreneurs. In this case, you can deduct the insurance premiums from your company’s taxes. It is also useful to consider the difference between life insurance for personal customers and self-employed persons when comparing the prices of insurance. Life insurance for entrepreneurs can secure your loved ones’ finances or ensure the continuity of your business. If your company is less than one year old, you get life insurance with a benefit of 30,000 euros at half price for the first two years.

The insurance is issued by OP Life Assurance Company Ltd, and Pohjola Insurance Ltd acts as its agent.