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Disability Insurance – Independently Or Combined Product?

November 17, 2016 Comments Off on Disability Insurance – Independently Or Combined Product?

Why there is no general recommendation and how to still get to the right and you personally appropriate product to the disability insurance products are not only opaque pages of conditions, they offer also unmanageable many combination possibilities and occur in x variants. Read here what is right or wrong and what you need to consider. In almost any advice the question arises regarding the disability sooner or later according to the type of protection. There are in principle several possibilities. an independent disability insurance (BU or SBU) combined with a risk life insurance (BUZ) combined with capital-forming life or pension products (BUZ) combined with unit-linked products (BUZ) this not exhaustive but shows how hard is the right choice.

All have but one common. Not the kind of product, but solely the work of condition is crucial. So, different approaches for the combinations that arise the conditions are not right but so the protection is worth at worst nothing and the insurer denied the power (right). After the selection criteria for the tariffs to the BU protection are discussed and which condition works in question, now comes the question of the product is clear. All versions have advantages and disadvantages.

In the combination products, a pension or other investment / saving can be combined if this is of interest and also this product supply to the needs. Advantage here is also: the provision continues (contributions) in the event of an occupational disability and hedges so the desired target of interest. This must be considered a stand-alone product and where the pension according to set higher to be only “one falls retirement and entering the old-age pension not in a deep”financial hole”after expiry of the BU. The downside of such products is obvious. Is the retirement / investment product cancelled or no longer needed financial bottleneck so also the important safeguard in the event of occupational disability suffers. Still fits not every prevention product on the insured and combination products so as (single) pension may be a compromise. But another point arises yet. Through the so-called “one-year calculation”, it can certainly happen that the combination product is “cheaper” than the pure risk protection. Nevertheless, we make clear once an example an insured. Our 30 years insured persons in the profession I would like to conclude EUR 2,000 monthly pension for occupational disability. Following posts occur on the selected insurer. (Run time up to 65, 67, performance time guaranteed pension increase in purchasing power of 2% p.a..) SOLO product: contribution of number of: 117,27 EUR (gross 172,47 EUR) combination product (Fund): 112,25 EUR number post here are the impact of individual products on the post quite imaginable. Pension insurance are of course here in the context of the linked to expect no serious withdrawal requests. The but realized in purchase taken, because it only went to that secure a disability protection. This does not mean in any case, only the one or the other product is good or bad. Prior to completion of the product, which is usually very long term oriented, you should worry enough, advice, read terms and conditions, and carefully consider the decision.

Tags: insurance & pension money

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