Insurance for Business Immigration and Technology Risks

Retirement Provision

Longevity and retirement provision

Death during the insured period

Death is a classic risk that people don't like to talk about. Nevertheless, it is there and, under certain circumstances, not only tears emotional holes, but also financial ones for the surviving dependents. Common reasons for hedging are:

Financial protection for the remaining shareholders in the event of the death of a shareholder within a company
Financial protection of the borrowers among themselves in the event of financing
Financial protection of the surviving dependants in the event of funeral costs.

The insurance product to cover such risks is usually the Term life insurance.

It pays a one-time contractually agreed sum in the event of the death of the insured person.

Longevity

People are getting older and older. The mortality tables prove this very impressively. Due to better nutrition, medical care and hygienic circumstances, more and more people today reach an age beyond 80. Of course, people cannot and do not want to work at an advanced age. Therefore, one should build up old-age provisions for retirement during one's occupational benefit phase. The correct retirement mix has occupied generations of insurance intermediaries and it is often the case that everyone has a different opinion on this. Our opinion is, "Why don't you start with retirement planning in the first place?" And once you've started, don't put all your eggs in one basket, diversify your retirement provision a bit into different investments. If you take this to heart, you're already a big step further and on the right track. Sometimes the first step is the hardest!

Financing your livelihood from the statutory retirement age or your self-defined retirement age

The insurance product to cover such risks is usually Pension insurance.

In the meantime, there is an enormous range of products such as:

Depending on your budget or savings target, you accumulate capital in the course of the savings phase, which is then either paid out or annuitised at a certain point, usually the retirement age. Here you can calculate your retirement savings target and determine how much you need to save for it today until retirement age.