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Life Insurance

Take care of tomorrow, enjoy today.

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Financial security for your family

Live with the assurance that your family will be able to cover their daily expenses.

A more secure family future

Take care of your family’s future after you’re gone.

A reliable partner

Entrust your care to a business with many years of experience.

Service provided by AAS CBL Life, a Citadele Group company.

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What is life insurance?

Live with a peaceful mind and don’t worry about how your family will cope financially when you are no longer around. Your family will have the opportunity to use insurance compensation to overcome various financial difficulties.

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What are savings with life insurance?

  • It is an option a portion of your insurance premium invest so that you can build savings towards, for example, your children’s education or other purposes. Your savings can be attached to a savings account rate, shares, bonds or investment funds.
  • If you wish to link your savings to investment funds that adhere to sustainability principles, then when applying for life insurance with savings and coming to investment types, choose the Global Emerging Market Bond Fund and European Leaders Equity Fund.
  • When you save, you can receive an income tax rebate of up to 20% of the saved amount every year.*
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When should I consider life insurance?

Significant life changes are the most frequent reason for considering life insurance. In our experience, the most frequent reasons are taking on a mortgage, starting a family, becoming a carer for a family member, and a change in job, among others.

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Types of life insurance


  • Your family will be able to use the insurance payout to cover daily expenses.
  • The insured risk remains the same throughout the insured period.
  • The amount you pay for insurance depends on your age and the insured risk amount.
  • In case of death, the insurance payout will be paid to the beneficiaries named in your insurance contract.
  • You are protected as long as your insurance contract is valid.
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  • The insurance payout will be used to repay your mortgage loan or other loans.
  • The amount of insurance coverage is decreasing.
  • The amount you pay for insurance depends on your age and the insured risk amount and the amount you put into savings if you have chosen this option.
  • The lender is the beneficiary in case of death.
  • You are protected as long as your insurance contract is valid.
Apply for a consultation
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  • When you insure your life, you can also build savings towards your future goals.
  • The insured risk remains the same throughout the insured period.
  • The amount you pay for insurance depends on the insured risk amount and the amount you put towards your savings.
  • In case of death, the insurance payout will be paid to the beneficiaries named in your insurance contract.
  • You are protected as long as your insurance contract is valid.
Apply
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Income tax refund calculator

1000 EUR
120 000 EUR
At 3rd pension pillar:
In accumulative life insurance:
0 EUR
1000 EUR
Contributions to 3rd pension pillar and accumulative life insurance: as a % of annual income 8.00 %
Other possible contributions up to the maximum limit for receiving tax benefits: 200.00 EUR
Estimated tax refund for annual contributions
100.00 EUR
At 3rd pension pillar
60.00 EUR
In accumulative life insurance
In accordance with the Republic of Latvia’s Law On Personal Income Tax, you can receive an income tax rebate on payments not exceeding 10% of your annual taxable income, and on no more than 4000 EUR, as long as the insurance agreement term is for no less than 10 years.
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Useful

More opportunities

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3rd pension pillar savings

Set up a regular payment, save time and grow your pension savings without even trying. Service provided by Citadele subsidiary AS CBL Atklātais pensiju fonds.
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Accident insurance

Choose accident insurance for yourself and your family and avoid sudden expenses after accidental injuries, disability or even death. Service provided by Citadele subsidiary AAS "CBL Life".
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Investment funds

One of the most popular financial instruments, which offers the chance to maintain and even grow the value of your savings. Apply for a consultation and achieve your goals. Service provided by Citadele subsidiary CBL Asset Management.
Find out more

* In accordance with the Republic of Latvia’s Law On Personal Income Tax, you can receive an income tax rebate on payments not exceeding 10% of your annual taxable income, and on no more than 4000 EUR, as long as the insurance agreement term is for no less than 10 years. At the same time, the Policyholder, the Insured, the Beneficiary at the end of the term and the payer must be the same person.

If you wish to link your savings to investment funds, as well as when saving additional pension capital, remember that investments may result in a loss or reduced savings as well as profit. Please bear in mind that historic profitability does not guarantee similar results in the future. This information is general, is not adapted for your goals and cannot be viewed as an investment consultation.

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