“I want to save for my children with their independence in mind.”
“I remember when I was in my twenties and envied those for whom parents or grandparents had saved a nest egg for moving out. I had to earn the necessary money myself, and it gave me the incentive to provide at least some financial support for my own children. My idea is to give the savings to my children on their 20th birthday.”
Veera, 41
When you want to save for your children, grandchildren or a godchild, unit-linked insurance is a convenient option. You can choose anyone as the beneficiary, and that person will claim the funds only when the insurance ends. Up to that point, you can decide in what investment products you will invest and how much. As the policyholder, you can also choose to change the beneficiary. You only need the name and personal ID code of the child for the beneficiary clause.
“I don’t want to stress about monitoring my investments.”
“As many probably know, busy years do not currently allow for much time to constantly monitor investments. Automatic transfers and decentralised investment product selections ensure that my funds have the chance to bring a profit, even though I’m not constantly following up on them.”
Lasse, 34
Unit-linked insurance is flexible depending on your life situation, and it is suitable for you if you want to leave market monitoring to professionals and focus on other things instead. If you want, you can also actively monitor your investments and make changes to the selected investment products as often as you like.
“I changed the beneficiary of my unit-linked insurance after my divorce."
“When we divorced, I had to change the beneficiary of my unit-linked insurance, because I had selected my ex-spouse. After the divorce, I selected my sibling as the beneficiary in the case of death. Thankfully, it was very easy and quick to do.”
Eero, 54
Divorce can have an influence on the financial situation and investments, in addition to many other things. Unit-linked insurance includes life insurance, which means that the funds are paid as death benefit to the beneficiary of unit-linked insurance in the event of the policyholder’s death. When you open a unit-linked insurance policy, you can select the beneficiaries and make changes to them at any time in our digital service free of charge. It is good to check after a divorce, for example, that the ex-spouse is not left as the beneficiary, unless that is the intention.
“I invest a few hundred euros every semester under unit-linked insurance.”
“I decided already when I was starting my studies that I would learn how to invest and build a buffer for the future. I save up small amounts that would be easy to spend on restaurants or clothes.”
Olivia, 23
Do you want to learn how to invest with a low threshold and get to know the profitability of your investments? Unit-linked insurance is a great way to start investing. You do not need a major initial investment, and you can invest monthly or only occasionally depending on your life situation. You can decentralise your investments across several products, which smooths the risks related to investments. You can make changes to selected investment products free of charge in our digital service.
“With age, inheritance planning has become more relevant.”
“I have been saving for years for myself, but with age, I have started to think more about the future of my offspring. If I could help them out with my savings, of course I would do that.”
Kalle, 61
With unit-linked insurance, you can plan your inheritance and prepare for future inheritance tax, for example. You can choose who to add as the beneficiary in the case of death and make changes to your choices free of charge during the validity of the contract. In the event of your death, insurance assets are paid to the chosen beneficiary. Estate distribution does not involve processing funds saved for the insurance policy. Insurance assets are not included in the death estate’s wealth unless the beneficiary is the death estate. The beneficiaries often already receive the insurance benefit before the distribution of the estate.
“It was surprisingly easy to start saving through insurance digitally.”
“Saving through insurance was previously unknown to me, and it sounded like some insurance for investments. As I researched it more, I realised that it is not that at all. It is a way to invest my money under unit-linked insurance and also get peace of mind with the life insurance included in it. I opened a unit-linked insurance policy in fifteen minutes with my mobile, and I have already made a few changes to the investment products chosen.”
Anni, 32
Despite its name, unit-linked insurance is not a traditional insurance policy, but a form of long-term saving and investing. You can open a unit-linked insurance policy conveniently on OP-mobile or in the op.fi service. First, you will learn about unit-linked insurance and yourself as an investor, followed by suggestions on investment products suitable for you. You can select the investment products and beneficiaries, after which you are ready to start saving. You can also withdraw savings at any time, and it is free of charge after three years.
