Reason 01
A child arrived.
The clearest trigger. Someone now depends on your income for 18+ years. The question becomes sizing and term length, not whether.
Usual shape: term cover to 5–10× annual income, term matched to the dependency window.Protection guide
Life insurance in Switzerland — do you actually need it?
It depends on who relies on your income. Families and mortgage holders usually do. Many single expats don't — and we say so.
The answer, up front
Do you need life insurance as an expat in Switzerland? It depends on who relies on your income. If you have children, a partner who could not carry the household alone, or a mortgage, you likely need term life cover — it is commonly expected alongside a Swiss mortgage. If you are single with no dependents and no debt, you usually don't: your BVG pension fund and AHV survivor benefits already cover the modest residual obligations. Nicole Bohne, Expat Savvy's life-insurance specialist, assesses this free of charge in English — and "you don't need it" is a normal outcome of the review.
01The need
Who needs it, who doesn't.
The product question comes last. The real question is your household shape: dependents, debt, and what your BVG pension fund already covers.
| Situation | First check | Term life insurance | 3a-wrapped policy |
|---|---|---|---|
| First child arrived or on the way | Income dependency and the years until independence | Term life sized to 5–10× annual income is the usual shape | Rarely — only when the bundled fit is real |
| Buying property with a mortgage | The outstanding balance and the bank's affordability read | Term cover is commonly expected alongside the loan | Sometimes, where the 3a tax lever and protection need align |
| Single, no dependents, no debt | What BVG and AHV already cover | Usually no cover needed — we say so | No — the fee load buys nothing you need |
| Partner depends on your income | The gap between BVG survivor benefits and real living costs | Term life covering the actual income gap | Rarely — separate products are usually cleaner |
| Self-employed, thin or no BVG | What disappears with the Pensionskasse: death and disability cover | Term life plus disability cover, read together | Sometimes — the wrapper can fill both gaps in one contract |
| High earner, BVG benefit capped | The multiple on your certificate vs 5–10× actual income | Term life closes the top-up gap | Case by case — the marginal-tax math decides |
Table logic for the review: the household decides whether cover is needed; the product decision follows — never the reverse. And the term is matched to the dependency window — until the children are independent or the mortgage is paid down, not a default 30 years.
02 · When cover earns its place
Six moments life insurance becomes worth a look.
Life insurance is event-driven, not calendar-driven. These are the changes that create a real protection need — or at least a real question.
Reason 02
You signed a mortgage.
Death-risk cover is commonly expected alongside a Swiss mortgage — standard practice, especially where affordability depends on two incomes.
Reason 03
One income carries the household.
If your partner could not replace your share of household income, the gap between BVG survivor benefits and real living costs is the number to cover.
Reason 04
You are self-employed.
No Pensionskasse means no employer death benefit and often no disability cover. The protection gap is real and usually larger than expected.
Reason 05
Your BVG benefit is capped.
BVG death benefits typically run 1–4× annual salary. For high earners the multiple can sit far below what dependents would actually need.
Reason 06
An insurer already pitched you.
The pitched product is often a 3a-wrapped policy, not the cover you asked about. A second read before signing costs nothing and regularly changes the answer.
Not sure
None of these — but still unsure?
Then the review is short. We read your BVG certificate, confirm there is no gap, and put 'no cover needed' in writing. That answer is free too.
Book your first Swiss insurance review03 · Your gap — from the statutory tables
What the state actually replaces — and the part that is nobody's job.
Every figure below is either typed by you or printed in the official tables — the AHV/IV Skala 44 and the BVG legal minimum. Set your situation; the red block is the monthly amount no statutory scheme pays. That block, not a brochure, is what a life or disability policy is for.
Missing AHV years scale the pension down — the expat detail almost nobody prices in.
Saving.
The 3rd pillar belongs at a bank or app for most people — cheap, flexible, and it stays yours if you leave. We earn nothing on that sentence, which is why you can trust it. The whole savings side lives on our 3rd-pillar pages.
Risk.
The gap above is closed with term life and disability cover at an insurer — underwritten once, at the health you have today. We check your case with insurers before you apply, so a declinable application is never submitted.
You can hold both together or separately — 3a savings at a bank, the risk at an insurer. The point is knowing which franc does which job.
Where these numbers come from, and what is simplified
- AHV/IV amounts: official Skala 44 table, Merkblatt 3.03 (Informationsstelle AHV/IV, Stand 1.1.2026). Survivor pension 80%, child/orphan pensions 40% of the base pension.
- Missing years: pensions scale by your contribution years against the years since age 21 — a simplification of the Rentenskala; your official calculation may differ.
- Career average: your current salary stands in for the AHV career average. Cross-family caps (Plafonierung) are not modelled.
- BVG: the legal minimum — coordinated salary after the CHF 26’460 deduction, age credits of 7/10/15/18%, projected to 65 without interest, converted at 6.8%; spouse 60%, child 20%. Most pension funds pay above this. Your Vorsorgeausweis is the binding number — bring it to the review.
- Illness case. Death or disability through an accident is separately insured under UVG via any employer. The gap shown is the illness gap — the one that is nobody’s job unless you make it someone’s.
Have Nicole size it properly
Free · 45 minutes · In English · Bring your Vorsorgeausweis if you have one
04 · Term vs 3a-linked
Two very different products share one name.
"Life insurance" in Switzerland means pure term cover (Todesfallversicherung) or a savings-and-protection bundle, often wrapped in pillar 3a. Confusing them is the most expensive mistake in this category — our 3rd pillar vs life insurance breakdown takes the long way through it.
Pure protection. The default when cover is needed.
Term life insurance (Todesfallversicherung) pays a defined benefit if you die during the policy term. No savings component — the premium is the cost of the risk transfer, which is why it is the cheapest form of cover per franc.
- Sized to 5–10× annual income or the outstanding mortgage
- Term matched to the dependency window, not a default 30 years
- Indicatively CHF 20–50/month for CHF 500k cover at 35, healthy, non-smoking
- Underwritten once — health history is assessed at application
Savings + protection bundled. A narrow fit.
Insurance-wrapped 3a (Säule 3a gebunden) combines tax-advantaged savings with a death benefit and a disability premium waiver. It is a real product with a real role — for a narrower set of households than it is sold to. In most cases we keep savings and protection separate.
- Fits: family with mortgage or children plus a real need for bundled discipline
- Fee load typically 1.5–3.5% effective vs 0.39–0.65% on digital 3a
- Long contract duration — commitment, not a flexible account
- The honest comparison: our 3rd-pillar vs life insurance breakdown
Bring the BVG certificate. We read it first.
Most expats do not know what death benefit their Pensionskasse already includes — and it is usually the largest piece of existing cover. We read the certificate, map the household, and only then talk products.
- We state the existing BVG death benefit in francs
- We size the actual gap against dependents and debt
- We check any policy an insurer already pitched you
- You leave with the answer in writing — including "no cover needed"
05What it costs
Term cover is cheaper than most expats expect.
Indicative figures for pure term life insurance — the exact premium always comes from underwriting: age, health history, smoking status, sum insured, and term length.
- Reference profile
- Healthy 35-year-old non-smoker, CHF 500,000 of cover, 20-year term — indicatively CHF 20–50 per month.
- The broader band
- Roughly CHF 200–800 per year per CHF 500,000 of cover, age-dependent. Younger applicants sit near the bottom of the band, applicants in their late 40s and 50s near the top.
- What moves the premium
- Age at application, smoking status, sum insured, term length, and health history. Smoking alone can roughly double the premium at the same age and sum.
- What doesn't
- Nationality and permit type are not premium factors on Swiss term life. Residence in Switzerland at application is what matters.
- Sizing rule of thumb
- 5–10× annual income or the outstanding mortgage balance, whichever is larger — then reduced by the death benefit your BVG plan already includes. Or take it from the calculator above: your monthly gap × the months your household would need it is the same arithmetic, done for your numbers.
All figures indicative. Nicole compares real quotes across insurers in the review — for your age, your sum, your history.
Life insurance belongs in the plan only when someone depends on the income. The contract has to answer that situation, not decorate the portfolio. — Nicole Bohne · Life insurance advisor
06 · What the review checks
Four reads before any contract is recommended.
The review runs in a fixed order — household, existing cover, product shape, insurer. Most sales conversations run it backwards, which is how expats end up with policies they didn't need.
The dependents-and-debt question
Before any product: who depends on your income, and what debt would they carry if you died tomorrow? This single question settles most life-insurance decisions — often with "nobody, nothing, no cover needed".
What we check
- Children and the years until independence
- Whether your partner could replace your share of household income
- Outstanding mortgage or other debt
If the answer is nobody and nothing, the review ends the honest way: no cover needed.
The BVG certificate read
Most Swiss employer pension plans already include a death benefit — typically 1–4× annual salary. Private cover should fill the gap above it, not duplicate it. The certificate states the exact figure; almost nobody has read theirs.
What we check
- The death-benefit multiple on your Pensionskasse certificate
- AHV survivor benefits for your household shape
- Any cover from an existing employer or private policy
The gap is often smaller than the sales pitch assumed. Sometimes it is zero.
Term vs 3a-wrapped
Pure term cover does the protection job at the lowest cost per franc. The 3a wrapper bundles savings and protection — right for a narrow set of households, oversold to the rest. We keep them separate in most cases.
What we check
- Whether the bundled discipline genuinely fits your household
- The fee load against a digital 3a plus separate term policy
- Term length matched to the dependency window
The usual recommendation: low-cost 3a for savings, small term policy for protection — or no policy at all.
3rd pillar vs life insurance — the full breakdownThe insurer comparison
Swiss Life, AXA, Zurich, Helvetia, Generali, and Pax all offer term life in Switzerland. Premiums for the same sum vary meaningfully — and so does underwriting. The cheapest headline premium is not always the cleanest acceptance for your health history.
What we check
- Premium for your age, sum, and term across insurers
- Underwriting treatment of your specific health history
- Contract wording: exclusions, conversion options, beneficiary clauses
Nicole compares them independently — commission disclosed under Art. 45 VAG, no obligation to any insurer.
How we are paid — Art. 45 VAG disclosure07The market — and the check before any application
Which insurers offer term life in Switzerland.
Six insurers carry most of the Swiss term-life market for private customers. Premiums for the same sum insured vary meaningfully between them — and so does how their underwriting treats the same health history.
Swiss Life, AXA, Zurich, Helvetia, Generali and Pax carry most of the Swiss term-life market for private customers — all offering term life and 3a-wrapped policies. The differences that matter are the premium for your age and sum, and how each underwriting desk treats your history.
We ask the insurer before you apply.
Underwriting is where life insurance is actually decided — and a declined application becomes part of your record, because every later insurer asks whether you have ever been refused. So we do it in the other order: where a health history could matter, we check your case with the insurers first, and only the application that will be accepted is ever submitted. It is slower by a week and safer by a decade.
Nicole compares them independently. Expat Savvy is a FINMA-registered intermediary (F01067278) with no obligation to place cover with any particular insurer; commission is disclosed under Art. 45 VAG. The comparison covers premium, underwriting treatment of your history, and contract wording — not just the headline price.
Agent vs advisor
An insurer's agent sells one shelf. We read the market.
Going direct to one insurer gets you that insurer's products. The assessment of whether you need cover at all — and how your BVG changes the math — is the part an agent's mandate doesn't include.
One insurer's agent
Independent advisor
Compares the market
One product line
Swiss Life, AXA, Zurich, Helvetia, Generali, Pax — side by side
Starts from your BVG certificate
Rarely
Always — existing cover first, gap second
Regulated as insurance intermediary
Agent of one insurer
Independent — FINMA F01067278, Art. 45 VAG
Tells you when you need nothing
Rarely
Yes — a normal outcome of the review
Works in English
Sometimes
Yes — English, German, French
Why the BVG certificate comes first
Most Swiss employer pension plans include a death benefit of typically 1–4× annual salary. Any honest life-insurance recommendation starts from that number — private cover fills the gap above it. A pitch that never asked for your Pensionskasse certificate skipped the most important document in the decision.
Why we usually keep savings and protection separate
Bundled 3a-insurance products carry a fee load of typically 1.5–3.5% effective cost versus 0.39–0.65% on a digital 3a — and their death-benefit component often duplicates BVG cover. We sell insurance-wrapped 3a when it fits the household. We recommend against it when it doesn't. The reasoning is in our 3rd pillar vs life insurance breakdown.
What underwriting means for you
Term life is individually underwritten: health history, smoking status, and occupation are assessed at application. Insurers treat the same history differently — one may exclude what another accepts. That is a real reason to compare beyond the headline premium, and to apply once, cleanly, rather than shopping applications across insurers.
Who runs the review
Nicole reads the household before the contract.
Life insurance is Nicole's desk — alongside insurance-wrapped 3a and tax questions, which usually arrive in the same conversation. The first review is free, in English, German, or French.
Nicole Bohne
Life insurance advisor
Nine years insurer-side — seven at Basler Versicherung, two at Zurich Insurance — before moving to the advisory side. FINMA-registered (F01536402). Languages: German, English, French. Nicole reads the household before the product: dependents, debt, BVG cover, then — only if needed — the contract.
Book with Nicole if
- The "do I actually need it?" assessment
- Term life sizing against mortgage or family
- Insurance-wrapped 3a — fit or mismatch
- Reading a policy an insurer already pitched you
If the review touches health insurance, Robert takes that part. If it touches pension architecture or the 3rd pillar, it stays with Nicole — same call.
What clients say.
4.8 from 57 reviews on GoogleShe assisted and guided me through the entire process of obtaining my Swiss pension refund.
What I appreciated the most is that she was trying to help me solve my problem, not simply sell me an insurance policy.
After several bad experiences with other brokers, working with Mr. Robert Kolar was a completely different experience.
Robert is the best person to partner with if you need to do difficult things such as relocate.
My session with Robert was one of the most efficient consultation sessions I'd ever had.
I was looking to change a supplementary insurance plan, and Robert guided me with professionalism and patience.
After returning to Switzerland from abroad, Robert was a tremendous help consulting me about all the changes.
Highly recommend consulting Expat Savvy before making any online insurance comparisons.
Working with Ben was great. Very prompt and responsive. Would highly recommend to anyone.
Beide arbeiten Hand in Hand und haben die individuellen Anforderungen unserer Kunden immer im Blick.
FAQ.
Do I need life insurance as an expat in Switzerland?
Only if someone depends on your income. If you have children, a partner who could not carry the household alone, or a mortgage, you likely need term life cover. If you are single with no dependents and no debt, you usually don't — your BVG pension fund and AHV survivor benefits already cover the modest residual obligations. Nicole Bohne, Expat Savvy's life-insurance specialist, runs this assessment free of charge in English, and "you don't need it" is a normal outcome of the review.
Do I need term life insurance if I have a mortgage in Switzerland?
Usually yes. Death-risk cover is commonly expected alongside a Swiss mortgage — it is not a legal requirement, but it is standard practice, particularly where the bank's affordability calculation depends on two incomes. The clean shape is a term life policy sized to the outstanding mortgage balance, with a term matching the mortgage horizon. Expat Savvy sizes this against the actual loan and what your BVG already covers, rather than defaulting to the largest sum an insurer will quote.
Does my Swiss employer's pension fund (BVG) already include life insurance?
Usually, partly. Most Swiss BVG (Pensionskasse) plans include a death benefit — typically 1–4× annual salary depending on the plan. Your Pensionskasse certificate states the exact figure. That existing cover is the starting point of any honest life-insurance assessment: private term cover should fill the gap between the BVG benefit and what your dependents actually need, not duplicate it. Nicole reads the BVG certificate before recommending anything — often the gap is smaller than the sales pitch assumed.
Is life insurance via Pillar 3a a good idea?
For most expats, no — Expat Savvy usually keeps savings and protection separate. Insurance-wrapped 3a (Säule 3a gebunden) bundles tax-advantaged savings with a death benefit and a disability premium waiver. It fits a narrow but real profile: a family with a mortgage or dependent children where the bundled discipline and protection match the household. For most singles and dual-income couples, a low-cost 3a plus a small separate term life policy — if one is needed at all — does both jobs more efficiently. The fee load on wrapped products typically runs 1.5–3.5% effective cost versus 0.39–0.65% on a digital 3a.
How much does term life insurance cost in Switzerland?
Indicatively, CHF 200–800 per year per CHF 500,000 of term cover, depending on age and health. A healthy 35-year-old non-smoker typically sits at roughly CHF 20–50 per month for CHF 500,000 of 20-year term cover. Age, smoking status, sum insured, term length, and health history move the premium; the exact figure only comes from underwriting. Expat Savvy treats these as indicative planning numbers — the review compares real quotes across insurers before anyone signs.
Which Swiss insurers offer term life insurance?
Swiss Life, AXA, Zurich, Helvetia, Generali, and Pax all offer term life insurance (Todesfallversicherung) in Switzerland. Premiums for the same sum insured vary meaningfully between them, and so does underwriting — the cheapest headline premium is not always the cleanest acceptance for your health history. Nicole Bohne at Expat Savvy compares them independently: FINMA-registered advice (F01067278), commission disclosed under Art. 45 VAG, and no obligation to place cover with any particular insurer.
What is the difference between term life and whole life insurance?
Term life is pure protection; whole life adds a savings component. A term policy (Todesfallversicherung) pays a defined benefit if you die during the term — the premium is consumed as the cost of that risk transfer, which is why it is the cheapest form of cover per franc. Whole life and mixed policies (gemischte Lebensversicherung, often 3a-wrapped) combine a death benefit with capital accumulation, at a materially higher cost per franc of protection. For most households that need cover, Expat Savvy recommends pure term for the protection job and a separate low-cost 3a for the savings job.
Can I get term life insurance in Switzerland with a pre-existing condition?
Often yes — but the order of operations decides. Term life is medically underwritten, and the same history is treated differently from one insurer's underwriting desk to another. A formal application that gets declined becomes part of your record: every later insurer asks whether you have ever been refused. Expat Savvy therefore checks your case with the insurers before any application is submitted — only the application that will be accepted is ever made. Slower by a week, safer by a decade.
What about disability — is my salary protected if I can't work?
Partially, and the illness case is the weak spot. Accidents are well covered through your employer under UVG. For illness, the statutory layers — an IV pension and your pension fund's disability minimum — typically replace only a fraction of a higher salary, as the gap calculator on this page shows for your numbers. The instruments that close it are disability income cover (Erwerbsunfähigkeitsrente) and the premium-waiver riders on life policies. Nicole reads both against your Pensionskasse certificate in the same review.
Who can advise me on life insurance in English — free of charge?
Nicole Bohne at Expat Savvy. Nicole is a FINMA-registered life-insurance advisor (F01536402) with nine years insurer-side — seven at Basler Versicherung, two at Zurich Insurance — working in English, German, and French. The first review is free, 45 minutes, by video call: dependents and debt first, the BVG certificate second, product and insurer last. It regularly ends with the advice to buy nothing.
Find out if you need it — before anyone sells it.
The 45-minute review is free. Nicole maps your dependents and debt, reads your BVG certificate, and tells you which answer is yours: term cover, a 3a-wrapped policy, or nothing at all. You get the recommendation in writing within three working days. No first-call contracts. No pressure.
Book your first Swiss insurance review