Protection against the financial consequences of occupational disability is common to most consumers as self-employed occupational disability insurance. If you also think about taking out a life insurance policy or a private pension insurance, you can opt for an occupational disability insurance. The combination of two different insurances often allows a significant contribution savings.
advantages over an independent occupational disability insurance
Unlike the self-employed occupational disability insurance (BU), the occupational disability insurance (occupational disability insurance) is always concluded in addition to another insurance. The financial protection against occupational disability is therefore only part of another main insurance at occupational disability insurance Versicherung and accordingly premiums in different amounts are included in both parts of the policy.
Some companies offer the possibility to extend an existing insurance to a occupational disability insurance . For other companies, the two components must be completed at the same time . Since a combined policy of the insurance company causes lower costs than an independent occupational disability insurance, the company can grant the insured parties for the conclusion of such a combined income cheaper contributions for the occupational disability insurance insurance .
occupational disability insurance in combination with a life insurance
For example, the occupational disability insurance can be linked to term life insurance in a joint policy. This serves to protect the survivors financially in the event of the death of the policyholder within a specified period of insurance . If the insured event occurs, the insured person will be paid the insured sum. Otherwise, the insurance company retains the paid contributions in full.
Another type of life insurance is classic, life insurance. It too can be supplemented by a occupational disability insurance insurance contract. Capital-forming life insurance invests part of the premiums in a fixed interest rate savings model or in funds . At the end of the contract period, the accumulated capital is disbursed once to the policyholder.
occupational disability insurance insurance in combination with a private pension insurance
An occupational disability insurance can also be taken out as a supplement to a Rürup pension (basic pension). Here, the insured can benefit from a special tax advantage. The prerequisite for this is that the contribution share for the occupational disability insurance is less than the contribution portion for the Rürup pension. The costs of the occupational disability insurance must therefore account for less than 50 percent of the total cost of the combined transport policy.
If this is the case, the tax return contains another maximum amount for the deductibility of the BU premiums. For while contributions to the self-employed occupational disability insurance can only be claimed by employees within the small margin of EUR 1,900 in the tax return, occupational disability insurance Versicherung falls into the category of basic welfare expenses , which is subject to an annual increase in the deductible maximum amount of EUR 22,766 . Although the protection against occupational disability per se is not considered to be basic provision, in addition to the contributions to Rürup-Rentenversicherung, the entire share of occupational disability insurance Versicherung may also be claimed under this deduction .
The combination of an occupational disability insurance with a Riester pension is also possible. Here are even more stringent requirements compared to Rürup pension: Only 15 percent of the premiums for this policy may flow into the occupational disability cover. The monthly disability pension is therefore extremely low and does not provide adequate coverage . Often it is only a few hundred euros and is also fully taxable , which reduces the actual protection again.
Beware of occupational disability insurance Versicherung with capital savings contracts
The coupling of a occupational disability insurance insurance to a private pension insurance involves special risks. On the one hand, protection against occupational disability can be significantly more expensive than with other occupational disability insurance insurances. On the other hand, if the premium for the occupational disability insurance remains favorable, this often goes hand in hand with insufficient occupational disability insurance benefits, which can not adequately protect against emergencies.
On the other hand, payment difficulties of the insured have serious consequences . If he can no longer spend the monthly contributions for the combined policy, he not only loses his pension, but also his protection through the disability insurance . Another problem is that while a life or annuity insurance can usually be completed at any time and without any special requirements, the conclusion of a BU can fail at any time to the occupational disability insurance health issues.
If the customer again decides to take out an occupational disability insurance after the involuntary loss or deliberate termination, he usually has to take another health examination. If he has meanwhile accumulated certain health risks as a result of his age, he may be rejected by the insurance companies and, if necessary, never again hedge against the loss of his professional ability . In contrast, if the insurance application is granted, higher contributions will be due in any case , since the amount of the disability insurance costs is primarily based on the age of the policyholder.
Exemption from contributions at occupational disability insurance Versicherung with capital savings agreements
If the case of occupational disability occurs, the agreed pension will be paid out of occupational disability insurance Versicherung. For some providers, this is accompanied by a contribution exemption for the capital-forming part of the policy. The savings contract for the life or pension insurance thus continues to run without the policyholder being burdened with ongoing contribution costs in the state of his occupational disability . Other providers of such disability insurance, on the other hand, only insure the exemption themselves and do not pay any pension in the event of disability . Such a contract is strongly discouraged as there is virtually no financial cover for occupational disability.