AXA Berlin Hardy Burkhard New in Germany

The optimal health care for you and your family: Health insurance

There are two kinds of health insurance in Germany statutory and private.
Statutory health insurance being most common with about 90% of people insured that way. People can opt for private or statutory insurance under certain conditions. For example employees who's yearly income exceeds the yearly income threshold of 62,550 € for compulsory statuary insurance (the income threshold is redefined each year). Civil servants as well as most self employed people and freelancers are free to choose either kind of health insurance some might still be obligated to chose statutory health insurance.


When it comes to private health insurance, depending on the insurance provider, there are various differences between insurance benefits that can be vitally important. Therefore a consultation meeting is a good way to be well informed about the advantages and disadvantages. The ideal insurance solution also defers part of the premiums into to the future to cover the cost of increasing medical expenses and lower income later in life without raising the cost of premiums.

Tip: Switching to private health insurance can significantly reduce your financial burden add a strong insurance solution and you can benefit from private insurance long term.

Basic protection for every household: Household and Liability insurance

In Germany about 85% of households possess private liability insurance and about 77% possess household insurance.

A good decision as it turns out. Because under German law you are fully liable for any and all damages you cause through negligence. Liability insurance can eliminate the risk of significant financial loss for a low yearly payment. In the event of a liability case for example a defect washing machine causing property damage in the apartment below or accidentally running into a child with the bicycle. You are covered by Liability insurance even if damages or injuries are caused through gross negligence.

Household insurance is a must have for everyone it covers all your possessions at home in case of burglary, fire, storm and many other potential risks. All for a very low premium.

Tip: Combine both policies into one insurance solution for optimal coverage at home, on the go and significantly lower premiums

Different countries, different customs: Legal expenses insurance

Legal expense insurance facilitates the access to legal action by covering the costs of law suites (up to a previously agreed upon sum). Making litigation possible when it would otherwise be too expensive.

We recommend considering the following factors in order to decide whether you need [could benefit from] legal expense insurance:

Do you want to be covered in case of legal disputes with your employer if you are threatened with termination receive a written warning or a bad work reference after leaving the company.

Do you regularly drive to or for work and does your income depend on your ability to do so.

Do you suspect potential disputes over insurance claims from health- or occupational disability insurances? In which case legal expense insurance might be as vital as health- or occupational disability insurance itself.

Do you want to be covered in case of a dispute with your landlord concerning cosmetic repairs, utility bills or rent increases.

Tip: It is possible to cover individual areas of risk separately e.g. private disputes, work related disputes, traffic disputes. However if you are already engaged in a legal dispute you wont be able to receive insurance coverage.

Are you set up for the time after your working life : Pension insurance

The pension level in Germany used to be at 55% it has been declining steadily for years and is predicted to drop to 43% by 2030. Assuming a monthly income of 3000€ (approximately 1950€ net income) your monthly pension at age 67 would come to about 1290€. That equates to a monthly income disparity of 660€ for the rest of your life. Unless you actively plan for your retirement beforehand there will be a massive gap in your finances when you reach retirement age. In order to compensate for this gap insurers provide various pension schemes.

Tip: With the right insurance solution for your retirement you can already start to benefit from tax advantages during the accumulation phase. We strongly recommend, that you seek a consultation with a professional to take a detailed look at your individual financial situation.

Financial security in the worst case scenario: Occupational disability insurance

Imagine your only source of income is a cash printing press that produces your monthly income in Euro. What happens if the machine stops printing money because it is damaged by an electrical short, a fire or someone steals it. Wouldn't it be sensible to have an insurance solution that compensates you for the financial loss for the rest of your life. That is the purpose of occupational disability it doesn't insure a literal money printing press but your most vital and often only source of income your ability to work.


Occupational disability insurance is important for almost everyone. If the insured becomes unable to practice their profession due to their health they receive a pension which helps to counteract the oftentimes sudden loss of income.
Every fourth person in Germany becomes unable to work during the course of their working life and more than 400,000 people file for disability each year. The most common causes are: neurological diseases (31%), muscular and skeletal diseases (22%), cancer (11%) as well as general accidents (10%).

When you become unable to work often times financial troubles go hand in hand with medical problems your income disappears but your costs stay the same or even increase due to medical expenses.

Tip: We advice a consultation regarding occupational disability insurance to most people: salaried employees, freelancers, civil servants and young families. Occupational disability insurance is especially advisable for students because the earlier you take out occupational disability insurance the lower your premiums will be.

Be it the best way to finance your own home, arranging optimal health care benefits for you and your family or taking care of surviving dependents provisions. We are more than happy to offer our assistance. Arrange an appointment for a consultation and benefit from our longstanding experience we look forward to an engaging conversation.