Compare Life Insurance in Sweden

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19 live offers compared from 19 providers, from kr99 /month. Updated daily.

What is life insurance in Sweden?

Life insurance (livförsäkring), often called dödsfallsförsäkring, pays a lump sum to your chosen beneficiaries (förmånstagare) if you die. It is designed to protect a family financially — covering a mortgage, replacing lost income, or leaving money for dependants. In Sweden it is frequently held through an employer's occupational pension (tjänstepension) or a union group scheme rather than bought individually, though standalone cover is widely available.

How the Swedish market works

Many Swedes already hold some life cover through a gruppförsäkring (group insurance) arranged by an employer or a trade union — Bliwa, for example, is well known for union-linked group life cover. Individual term life policies top this up for people who need more than their group scheme provides. Life insurance is distinct from, but often sold alongside, sjuk- och olycksfallsförsäkring (sickness and accident cover), which pays out on injury or illness rather than death.

Why payouts are tax-efficient

Sweden abolished inheritance tax (arvsskatt) in 2005, so a life insurance payout to your beneficiaries is generally received tax-free. This makes livförsäkring an effective way to leave a defined sum to a partner, children, or other dependants without a tax charge reducing what they receive. You nominate förmånstagare on the policy to control who is paid.

How to choose

First check what you already have through work or a union, then size any individual cover to the gap — typically enough to clear a mortgage and support dependants for a period. Decide on the term length and the insured sum, and confirm whether premiums are level or rise with age. Review the health questions and exclusions carefully, and update your förmånstagare nomination after major life events like marriage or a new child.

Leading providers in Sweden

Folksam, Skandia, SPP Försäkring, Trygg-Hansa, and Bliwa Livförsäkring are prominent life insurers, alongside AXA Sverige, Danica Pension Sverige, and Dina Försäkringar. Bliwa is particularly associated with union and group schemes, while Folksam and Skandia offer both individual and group cover. Because underwriting and term options differ, comparing the insured sum against the premie across several providers is sensible.

What it costs

Monthly premiums on Giraffy's Swedish listings range from about 99 to 948 SEK per month. The low end reflects younger applicants or modest sums insured; the high end reflects older applicants or larger cover amounts. Premiums rise with age and insured sum, so locking in cover earlier generally costs less.

Protections and regulation

Life insurers are supervised by Finansinspektionen (FI) and contracts fall under the Försäkringsavtalslagen. Konsumenternas Försäkringsbyrå and Hallå Konsument offer free, independent guidance, and Allmänna reklamationsnämnden (ARN) can review disputes over claims at no charge.

Common questions

Do I already have life cover? — Possibly, through a tjänstepension or a union gruppförsäkring. Check before buying individual cover.

Is the payout taxed? — Sweden has no inheritance tax, so payouts to beneficiaries are generally tax-free.

What is the difference from accident insurance? — Livförsäkring pays on death, while sjuk- och olycksfallsförsäkring pays on illness or injury; they are separate products often sold together.

Life Insurance in Sweden — FAQ