If illness or injury stops you from working, income protection pays you a monthly benefit — typically 60–80% of your net income — until you recover or reach retirement age. It is the most overlooked, and often the most important, financial product you can own.
Replaces your income monthlyTax-deductible when structured correctlyCovers long-term illness & accidents
Personal Details
What is your employment situation?
This is the single biggest factor determining your coverage options and urgency.
Your Profession
What is your highest educational qualification?
Education level directly affects your premium — higher qualifications typically mean lower rates.
Your Work
What type of work do you do?
Your occupation is the main driver of your premium. Physical work carries a higher risk rating.
Office / desk work proportion (incl. home office)
More desk work = lower risk = lower premium
Your Income
What is your gross monthly income?
This determines the size of the gap and how much monthly benefit you should insure.
€ 4,000
Gross monthly income
€1,000€20,000+
⚠ Critical: no safety net for the self-employed
As a self-employed person, there is no employer sick pay and no statutory fallback. Your income stops the moment you stop working. Income protection is arguably your single most important financial product.
Desired monthly benefit
We recommend 70–80% of your net income. Adjust to your needs.
€ 2,240
Monthly benefit if unable to work
€500€10,000
ℹMaximum insurable is usually 80% of your net income. A Torc advisor will confirm the exact limit for your profile.
Coverage Details
Until what age should your coverage run?
Covering until your statutory retirement age gives the most complete protection.
Do you have management responsibility?
Leadership roles may qualify for additional occupational discounts.
Health & Age
How old are you, and do you smoke?
Both factors directly affect your premium. Non-smokers and younger applicants qualify for significantly better rates.
32years
Your current age
1865
💡At 32, premiums are still very affordable. Every year you wait increases the cost.
Smoking status
Insurers require at least 12 months smoke-free to qualify as a non-smoker.
⚠️ Smokers typically pay 20–40% more in premiums. Quitting and waiting 12 months can significantly reduce your costs.
Your Household
What is your household situation?
Dependants and financial obligations significantly raise the stakes of being unprotected.
Children in your household
Financial obligations
Our recommendation
Income protection is strongly recommended for you
High priority
Monthly income
—
gross / month
Monthly benefit
—
if unable to work
Your financial exposure without protection
—
Monthly income
€0
Without protection
—
With IP coverage
Your Tailored Premium
What your protection could cost you
€45/month
Your exact premium depends on your occupation, health, and how your advisor structures the policy for maximum tax relief.
How income protection insurance works
Income protection pays a monthly benefit if you can no longer perform your specific occupation to at least 50% capacity due to illness or accident — regardless of whether you could do a different job.
1
You fall ill or are injured and cannot carry out your occupation at 50%+ capacity.
2
After the agreed waiting period (typically 4–6 weeks), your monthly benefit begins — usually 60–80% of your net income.
3
Payments continue until you recover, or until the end of the agreed coverage term — which should ideally run until retirement age.
Your tailored solution is ready
Book a free one-to-one consultation to unlock your personalised income protection strategy — which product fits you, how much to contribute, and exactly how to close your gap.
Free of Charge
Book your 1-to-1 consultation
Our advisors will walk you through your personalised solution — no cost, no obligation. We'll be in touch within 24 hours.
Your situation summary
—
Copy this and paste it into the message field in the form below so we're fully prepared for your call.
Provide financial security for the people depending on you.
Investing for Your Children
Build long term wealth for your children’s future.
Family Financial Planning
Bring your family’s protection, savings and future goals together.
Make Sure Your Family Is Financially Protected
Term Life Insurance Calculator | Torc Wealth
Term Life CheckStep 1 of 7
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What is Term Life Insurance?
Term life insurance pays a tax-free lump sum to your family or dependants if you die within the agreed term. It's the most affordable way to ensure the people who depend on you are financially secure — whether that means paying off a mortgage, replacing years of income, or simply giving your family time to rebuild.
Pays a lump sum on deathFrom ~€10/month for non-smokersCovers mortgage & family needs
Your Situation
Why are you looking for life insurance?
The right policy structure depends on what you're trying to protect.
Your Income
What is your gross annual income?
We use this to calculate the sum assured your family would need to maintain their standard of living.
€ 60,000
Gross annual income
€15,000€300,000+
A standard rule of thumb is 10× your annual income as the sum assured — we'll refine this based on your mortgage and dependants.
Your Obligations
Do you have a mortgage or significant outstanding debt?
Any debt that would fall to your family is a core part of the cover calculation.
Your Dependants
Who depends on your income?
Dependants determine how large the sum assured needs to be and how long the policy term should run.
Your Health
Are you a smoker?
Smoking is the single biggest premium factor in life insurance — honesty here is essential, as misrepresentation can invalidate a claim.
Smoker loading applies
As a current smoker, your premiums will typically be 50–100% higher than for a non-smoker of the same age. Quitting and remaining smoke-free for 12 months may allow you to re-apply at a significantly lower rate. Discuss options with your Torc Wealth advisor.
Your Age
How old are you?
Age is the primary pricing driver. Locking in a term policy today secures the lowest available premium for its entire duration.
35years
Your current age
1870
At 35, every year you delay locks in a permanently higher premium. The best time to act is now.
Your Life Insurance Analysis
Here's what we found about your situation
Based on your answers, we've identified the key financial gaps your family would face. Your personalised solution is locked below — book a consultation to unlock it.
Protection Gap
€0
Your family's unprotected exposure
Without a life insurance policy in place, this is the amount your family would need to cover debts and maintain their standard of living.
Employer/state coverUnprotected gap
Unclaimed Tax Relief
Tax deduction you're currently missing
€4,200 / year
When your life insurance is structured correctly as a Rürup-linked policy, your premiums become fully tax-deductible. Based on your income bracket, this represents a significant annual saving that most expats never claim. Your Torc Wealth advisor will structure this for maximum benefit.
Cost of Delay
What waiting another year is costing you
€8,500 extra
Every year you delay locking in a term life policy, your age increases and your premium rises permanently for the entire duration of the policy. At your age, the compounded additional cost of a 12-month delay is substantial. Your personalised cost-of-delay calculation is available in your consultation.
Legacy & Security Risk
The people who depend on you are currently unprotected
Without life cover in place, the financial security of your family rests entirely on your continued ability to earn.
Your tailored solution is ready
Book a free consultation and our advisors will walk you through your personalised policy structure, the right sum assured, and how to maximise your tax deduction.
Free of Charge
Book your 1-to-1 consultation
Our advisors will walk you through your personalised solution — no cost, no obligation. We'll be in touch within 24 hours.
Your situation summary
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Copy this and paste it into the message field in the form below so we're fully prepared for your call.
The right level depends on your income, monthly expenses, existing protection and financial responsibilities. The aim is to make sure essential costs and commitments can still be covered if your income stops.
What is occupational disability insurance in Germany?
Occupational disability insurance, commonly known as BU, can provide a monthly benefit if you become unable to perform your occupation due to illness or injury, subject to the terms and conditions of your policy.
How much life insurance does my family need?
This depends on factors such as your income, debts, children, housing costs and how financially dependent your family is on you. The appropriate amount should be based on the financial impact your death would have on those you leave behind.
When should I start investing for my children?
Starting earlier gives investments more time to potentially grow. The right approach depends on how much you want to contribute, when the money may be needed and what you want it to be used for.
Can we plan our finances together as a couple or family?
Yes. Looking at your finances together can help coordinate protection, investments, retirement planning and major future goals rather than treating each decision separately.
Can Torc review the insurance and investments we already have?
Yes. We can review your existing arrangements to understand what is already in place, identify potential gaps or overlaps and consider how everything fits into your wider family financial plan.
This website provides general information only and does not constitute personal financial advice or a recommendation. Any suitable course of action depends on your individual circumstances. Investments carry risk and can fall as well as rise, and you may get back less than you invest. Tax treatment depends on individual circumstances and may change. Cross border situations can add additional complexity.
