Death benefits insurance will be of benefit to many different people and in many different circumstances. We recommend this insurance in particular to families with just one earner to protect their standard of living should the worst happen. Another great reason to get death benefits insurance is to protect a business partner and provide the funds needed to keep a business going. 

The good thing about our death benefits insurance is that it takes effect immediately. This means that you’ll be covered as soon as we’ve received a signed copy of your application. And, you will already be covered while we verify your application.

Yes, it does. Privileged inheritance and bankruptcy rules mean your family members will receive the entire sum insured in the event of your death, even if you are in debt. Hence, this sum will not be included in your estate. The beneficiaries may claim the insurance benefit even if the inheritance is disclaimed.

As a result, the sum insured of neither the beneficiary nor the policyholder is liable to sequestration. However, this only applies if the beneficiaries are your spouse or direct descendants.

With death benefits insurance, the insurance will only pay out if the insured risk occurs, i.e. the insurance will pay if the insured person dies. With life insurance, you are not only covering this specific risk, but will also be able to build savings. That is, once you have selected a savings profile, our experts will invest your money for you in investment funds. This means you can also benefit from the potential for attractive returns.

However, our death benefits insurance is also very flexible and can be tailored to your specific needs. This includes the option of adding a savings component, if you wish. Please don’t hesitate to contact us for more information about these options.  

Death benefits insurance can be supplemented with a savings component. In this case, you can choose whether to pay your premiums into a pillar 3a or 3b pension. This way, you are both protecting yourself from risks and saving for your retirement at the same time. When the policy comes to an end, you or your beneficiaries will then be paid the funds you have saved. This savings component is optional. If you would like to add it, please speak to one of our advisors.

Yes, they will be tax-deductible if you take out death benefits protection insurance as part of a pillar 3a or 3b account. With a tied pension, the premium will count as a pillar 3a payment and can be deducted from your taxable income. 

Death benefits insurance on its own is not subject to tax. You will only be required to declare it in your tax return if it includes a pillar 3a or 3b savings component. 

You can pay your premiums monthly, quarterly, six-monthly or annually. You can easily and conveniently do so via direct debit, for example. Finance the premiums via an interest-bearing premium deposit account and benefit from attractive interest rates. 

You can terminate your policy from the second insurance year onwards, i.e. as soon as you have paid the premium for one full year. Any excess premiums paid will be reimbursed. If you have paid premiums for at least three years, the insurance can be surrendered or converted.