It is still an enormous challenge, but one that a significant proportion of young parents face: studying with a child needs to be well organized. Some of the advantages that childless students can take advantage of are no longer available; the responsibility for the small family must be borne despite all the burdens. Some information is intended to provide information, especially with regard to sensible insurance contracts.
Age-dependent decision - studying with a child
The proportion of students with children increases with age: while only around three percent of students under the age of 21 already have a child, the figure rises to 45 percent of those over 30. The average age of students with children in their first degree is 31 years, which is around seven years higher than the average age of students without children. (Source: DSW/HIS 19th Social Survey 2010 , own illustration) Age can be particularly relevant for mandatory private liability insurance: students can, at least during their first degree, remain protected from third-party claims for damages via their parents' insurance contract if the conditions stipulate this. There are significant differences on the market here, the age limit in particular must be taken into account: While some providers offer free insurance coverage for studying children when they turn 25, others link this to the entitlement to child benefit - a look at the contract details shows this Information about whether students with children need their own private liability insurance contract.
Private or statutory - choose health insurance
With children, the question of the optimal health insurance, which can be freely chosen when starting a first degree, is no longer necessary: In private health insurance, each person has to be insured separately, whereas statutory health insurance offers affordable family tariffs. The premium advantages are likely to be the deciding factor in the direction of GKV; if necessary and sufficient financial means, additional insurance can expand the scope of insurance as required. However, it is important to have financial security in the event of death, which could pose existential problems for your partner and child.
Financial security for emergencies - term life insurance
Great insurance coverage for a small premium - this is how the principle of term life insurance can be described: No part of the premium is used for savings, nor is there an expected maturity benefit - the main focus is on protecting against premature risk. With flexible tariffs that can be adapted to the respective phase of life, you can at least close the financial gaps that would arise if a parent died. The experts at AllSecur explain in detail how to calculate the optimal insurance sum and design a sensible contract. For example, partners can favor each other to prevent any eventuality. Depending on the field of study and progress, it is also advisable to take out occupational disability insurance to protect your income, which provides a monthly pension in the event that health reasons affect at least 50 percent of the ability to pursue your future profession. Even if graduates become members of the statutory pension insurance, they are not yet entitled to a disability pension in the first few years - it is important to take effective precautions here.
Conclusion - students with children - sensible insurance
There are a number of insurance contracts that can provide financial protection for student parents:
- Private liability insurance if your parents no longer have insurance coverage
- Health insurance
- Term life insurance
- Occupational disability insurance
Your own household contents insurance comes into play if the students already have their own apartment or a room in a shared apartment and are no longer insured under their parents' contract.
