In your twenties, you’re (probably) healthy, full of energy, and the future is wide open. But that’s exactly when you should also think about the what ifs… What if illness strikes, an accident happens, or long-term disability occurs?

You might be surprised to learn that the value of the human body – meaning your ability to earn – exceeds 13,000,000 CZK (€520,000). This is based solely on the calculation using the average salary in 2024 in the Central Bohemian Region and a 25-year outlook. This is not a theoretical number – it’s the amount you would normally earn. And it’s money you could lose overnight.

A Broken Arm Is an Inconvenience. Disability Is a Financial Disaster.

A scar on your face or a sprained ankle can ruin a month. Disability or a serious illness can affect your entire life. And if you have a mortgage, a family, or your own business, it’s not just about you – it’s about everyone who relies on you.

What If You Get Sick as a Student?

Let’s imagine a typical situation:
A 22-year-old student, who is not yet earning an income, becomes ill or ends up in a wheelchair after an accident. They are entitled to a disability pension. But how much would they receive? Only 4,660 CZK (€186.40) per month – the basic amount, because they haven’t worked enough years.

That’s not enough for rent, let alone a decent life.

Real Example: How Illness Closed the Door to Insurance

Client (35), two children, wife, mortgage on an apartment. He finally wants to get insured – in case something happens to him, so his family won’t lose their home.

But: type 1 diabetes, overweight, high blood pressure. Insurance companies either refused him or offered exclusions that made the policy pointless. It was too late.

And yet – he had life insurance! But only accident coverage:

• Death – 100,000 CZK (€4,000)

• Disability due to accident – 1,000,000 CZK (€40,000) (probability of payout around 4%)

• Hospitalization – 500 CZK (€20) per day

• Permanent consequences of accident – 400,000 CZK (€16,000)

• All for 700 CZK (€28) per month

Cheap policy? Yes. But almost useless.

What Should Life Insurance Really Cover?

We always focus on truly serious risks. These include above all:

• 2nd and 3rd degree disability

• Serious illnesses (e.g., cancer, heart failure, multiple sclerosis)

• Serious permanent consequences of an accident

These are situations that fundamentally affect your earning capacity. And as we’ve calculated, we’re talking about tens of millions of crowns.

The Earlier, the Cheaper – and Without Exclusions

Insurance prices rise with age. Insurers also prefer to accept young and healthy clients rather than those over thirty with the first signs of health problems.

• 1st degree disability – 1,500,000 CZK (€60,000)

• 2nd and 3rd degree disability – 3,000,000 CZK (€120,000)

• Serious illnesses – 1,000,000 CZK (€40,000)

• Permanent consequences of accident – 1,000,000 CZK (€40,000) (progression up to ×8)

Insurance Is Not Forever. It Must Change With You.

Your life situation changes – and your insurance should change with it. That’s why we work with clients in the long term. Every 2–3 years we update the financial plan, and with it the insurance and investments.

Don’t wait for the first illness or accident. By then, it may already be too late.
Properly set life insurance at the age of 20 can be the most important financial decision you will ever make.

Note: All amounts in Czech crowns have been converted to euros at a fixed rate of 25 CZK = 1 EUR.