Life insurance

Life insurance supports your family when you are unable to do so

Insure your life if You have:

  • close ones you care about and who are dependent on your income;
  • no financial resources for coping with unexpected life changes;
  • loan commitments.

Find suitable life insurance


We can recommend life insurance if your age is between 18-69.


Life insurance can be recommended if your income is at least 300€.

Your loan obligations

Mortgage in Swedbank? Log in for more detailed calculation.

Life sum insured

Total sum insured
Sum insured (life, traumas insurance)
Life sum insured
Mortgage null sum insured
Mortgage null sum insured
Mortgage null sum insured
Disability sum insured
Trauma sum insured
Total first monthly payment
Total monthly payment

The insurance calculation is based on age, income, desire to protect your close ones and cover your loan obligations.

Swedbank Life Insurance SE processes your personal data by automated means, including profiling, to assess insurance risk, calculate premium and sum insured and conclude insurance contract. We process health and other data we receive from you and data we have in existing and previous insurance contracts and applications as well as data shared by “Swedbank” AS, such as age and loan data, if applicable. Contract conclusion may be fully automated. Please read more from our Principles of Processing Personal Data here.

Who is it for?

Life insurance helps your loved ones overcome financial obstacles in case you are no longer able to support them.

Do you take care of your family's monthly utility bills? Do you repay loans on a monthly basis? Do you take care of the expenses related to your children’s education, hobby groups?

If these expenditures are your responsibility, you should think of creating a financial safety net for your family for cases when you cannot help them anymore.

What risks could be covered?

Life insurance and additional covers could:

  • Provide your family with financial support in case of your death;
  • Help you and your family financially if in case of illness or accident you become permanently incapable of work;
  • Help yourself and/or your family pay back loans in case of death or permanent incapacity of the insured (you).

For a more detailed overview, see Conditions and Fees.

What other risks can be covered?

Life insurance may be upgraded with additional covers.

  • Trauma cover helps you in the event of an accident in case of insured event. It provides additional insurance benefit if you incur serious injuries (such as bone fracture). It will not cover temporary illness such as flu or pneumonia.

For a more detailed overview, see Conditions and Fees.

Insuring your life is simple and it can be done easily via Internet Banking.

  1. Start with providing information so we could suggest suitable solution;
  2. Follow the instructions to apply;
  3. The insurance cover will enter into force within 1 day after the insurance contract is signed; If underwriting is needed – contract could be signed after underwriting procedure.
  4. If medical examination is needed, it is free of charge.
  5. Tell your family about your life insurance contract so they’ll know where to seek help if something happens to you.
  6. You can withdraw from the contract at any time – cancelling the contract is free of charge.


Insurance cover Monthly payment
Life and disability insurance Depends on your age, state of health, sum insured and other risk factors.
Trauma insurance 4.90 EUR
Contract conclusion Free of charge
Contract amendment Free of charge
Early termination of the contract Free of charge

Effective from 10.09.2020



Life insurance to cover loan

In case of an insurance claim, fill in the application via Internet Banking or contact us by phone on 67 444 449 for information and further guidance.

Please be informed that:

  • In the case of death of the insured person, the insurance benefit will be paid to the person designated in the contract or inheritor.
  • In the event of a trauma the insurance benefit will be paid to you directly.
  • In case of inability for work (disability) the insurance benefit will be paid to you directly or to the beneficiary designated in the contract.
  • In the case of trauma protection, the person will be compensated for injuries (e.g. broken bones, tears) that have been caused by accidents (e.g. a fall, being hit, collision, attack). Trauma is not an illness (e.g. influenza, spondylosis), muscle pain caused by exercise or chronic pain (e.g. back pain, knee pain or shoulder pain).
  • Inability to work (disability) is loss of working capacity of 80% or more (disability group I), caused by long-term serious illness or injury, determined by the (local institution name) and issued for at least 12 months.
  • Insurer makes the decision and insurance indemnity is paid no later than within 30 calendar days from the date when all information and documents concerning the event is received.

Home is where the heart is and where you meet your loved ones. Make sure your home is covered with proper home insurance.

The current demographic situation suggests that we have to reckon with the fact that our future pension could be even only half of what we earn today in salary. Take care of living after retirement already now!

Insurance that helps you with loan repayments in case of losing your job or capacity for work.


Insurance claims handling

In the case of an insured event, please notify us at the earliest opportunity. Life insurance services are provided by Swedbank Life Insurance SE, which is represented in the Republic of Latvia by Swedbank Life Insurance SE Latvian branch and the insurance intermediary service is provided by the insurance agent Swedbank AS.