Pension & Prevention
Disability insurance
As a working citizen, you always have your income to support your livelihood. As long as you continue to work, you will usually be financially secure. But what if you can no longer work? For example, if a doctor confirms that there are physical or mental reasons preventing you from continuing your work? In such a case, especially for older individuals, there can be a great fear of the future, not being able to establish themselves in a profession and having to navigate life without a financial foundation. Disability insurance helps you cope with this situation and either provides you with a predetermined lump sum payment to help you adapt to your new circumstances or offers you a monthly pension until a specified age.
Pension insurance
The state pension system is heavily debated in our modern times. It’s uncertain to what extent the current model of the pension system will endure. Therefore, private retirement planning becomes more important than ever to avoid the fear of financial hardship after one’s professional life ends. The earlier you initiate a private pension plan, the more flexibility you have in managing your monthly contributions without jeopardizing an adequate retirement income.
Lump-sum pension insurance
Individuals who anticipate an unsatisfactory pension amount and come into a substantial sum of money during their lifetime can choose to invest it in an additional pension insurance policy to supplement their monthly pension.
It is tax-wise much better to have your investments in an insurance policy instead of directly at a broker.
Term life insurance
A death in the family is always a great loss. However, when the death affects a person who is the financial cornerstone of a family, the loss is not only lamentable but also financially burdensome. To assist you in this situation, especially young families can take out term life insurance policies. These policies pay out a predetermined sum of insurance coverage if the insured person passes away. This way, even after your demise, your loved ones are financially provided for through a lump-sum payment, allowing them to regain their financial footing.
