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Mixed Life Insurance: Protection and saving in one
Understand if combining risk cover and savings fits your goals.
Key Facts
Quick Answers
What is mixed life insurance?
Combines death cover with savings. Pays on death during term and on survival at maturity.
What returns can I expect?
Guaranteed 0.25–1% p.a. + variable surplus; overall often 1–3% p.a. today.
Is it still worth it?
Separate risk cover + ETFs are typically cheaper and more flexible; mixed suits very safety‑oriented savers.
Main downsides?
High costs, low flexibility, complex products; often underperform vs alternatives.
How it works
- Dual function: protection + saving
- Premium split: risk and saving share
- Guarantees and surplus participation
- Payout: capital vs annuity
Pros and cons
- One contract for two needs
- Guaranteed minimum return
- Professional management
- Tax aspects (3b)
- High costs reduce returns
- Lower flexibility vs separate
Mixed vs Separate (Risk + ETF)
Mixed insurance
- Total costs: 2–4% p.a.
- Expected return: 1–3% p.a.
- Flexibility: low
- Transparency: low
Risk + ETF
- Total costs: 0.5–1.5% p.a.
- Expected return: 4–7% p.a.
- Flexibility: high
- Transparency: high
Costs and hidden fees
- Upfront costs: 2–5% of premium sum
- Admin costs: 1–2% p.a. of balance
- Risk costs: age and health dependent
- Surrender losses when cancelling early
Who is it for?
- Very safety‑oriented savers
- People with low financial experience
- Long‑term planners (20+ years)
- Tax considerations (3b)
- Not suitable for return‑focused investors
Top Providers (CH)
AXA · Zurich · Swiss Life · Helvetia · Generali
Decision helper
- Assess risk tolerance
- Define investment horizon
- Evaluate flexibility needs
- Determine cost tolerance
Find the best solution for your needs
Objective, independent advice with transparent pros and cons.
Key Takeaways
Mixed life insurance combines cover with saving (0.25–1% + surplus). Total costs 2–4% p.a., flexibility limited. Suits safety‑oriented savers with long horizon. Often, separate term life + ETF provides better flexibility and performance.