Joint cover
Joint cover is a life insurance for two peopleThe best time to buy joint cover is now
You never know what's waiting around the corner, which is why being prepared will give you peace of mind. Joint cover lets you secure your spouse's and family's finances in the event of your death. You can buy the insurance easily at op.fi or in OP-mobile.
Check the price
Joint cover is often a more affordable option compared to two individual policies. To see a price estimate, click on Check the price and buy, and enter your and your spouse's dates of birth. If you are logged in, you can see the exact prices and buy the insurance.
Get the most out of your customer benefits
As an OP cooperative bank owner-customer or a Pohjola Insurance prime customer, you get a 50% increase in the payout amount. This way, a life insurance payout of 100,000 euros is increased to 150,000 euros, for example. The additional payout is confirmed annually.
Joint cover is a life insurance for you and your spouse
What kind of life insurance is joint cover? As the name implies, joint cover is a life insurance policy for two individuals. Joint cover is ideal when you and your spouse share financial responsibility in your household. If one of you dies while the insurance is valid, joint cover can help secure the family's finances in a difficult situation.
Joint cover may be suitable for you if
- you and your spouse are responsible for the family's income
- you want to secure your spouse's and family's finances in the event of your death
- you want to ensure that your family does not need to sell the home or make other sacrifices in the event of the death of either spouse
The life insurance payout lets you take care of mortgage payments or other daily expenses. When choosing the amount of the insurance payout, take your financial responsibilities into consideration. Even a small life insurance payout is helpful in a time of loss, but we recommend choosing a sum that covers your debts, one year's income before taxes and 20,000 euros for each dependent child.
Cost of joint cover
Joint cover is often a more affordable option compared to two individual policies. You can check the price of your insurance easily with our calculator: for a price estimate, simply enter your and your spouse's dates of birth. When you are logged in the service, you can see the exact prices and buy the insurance online.
The premium of joint cover is paid annually in one or several instalments. You save the most by paying the annual premium in a single instalment. In this case, you get a 2.5% discount on the premium.
50% increase in life insurance payout for Pohjola Insurance prime customers and OP cooperative bank owner-customers.
Beneficiary of joint cover
In joint cover, the insurance payout is shared between the insured persons, but each person can name their own beneficiary. The life insurance payout is paid to the beneficiary named by the deceased. If both insured persons die at the same time, the payout is split between their beneficiaries.
Taxation of joint cover
Life insurance payouts are taxed either as inheritance or as capital income, depending on whether the beneficiary is a next of kin.