Field help: (2022) Was the life insurance concluded after 31.12.2004? This text refers to the Online Steuererklärung 2022. You can find the version for the Steuererklärung 2025 at: (2025): Was the life insurance concluded after 31.12.2004? Life insurance policies that were concluded after 31.12.2004 and which were paid out after twelve years after conclusion of the contract, are half tax-free. The reduction for the half tax exemption is made by the tax office if the taxpayer is at least 60 years old.