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People in Germany spend a record amount on life insurance

The volume of premiums collected by German life insurance companies grew by 11.3% over the years, Handesblatt reports with reference to the German Insurers Association.
People in Germany spend a record amount on life insurance

According to the association, life insurance premiums rose 11.3% to 102 billion euros. The total premium income of German insurers grew by 6.7% to a record amount of 216 billion euros in 2019.

Not only bank accounts but also investments in securities (for example, bank certificates), as well as life insurance are popular tools for ensuring financial well-being in old age in Germany.

Photos are from open sources.

Source: https://rossaprimavera.ru/news/ec61390c

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