Go Back   English Forum Switzerland > Help & tips > Insurance
Reply
 
Thread Tools Display Modes
  #1  
Old 08.02.2015, 20:56
Junior Member
 
Join Date: Apr 2008
Location: Zug
Posts: 42
Groaned at 1 Time in 1 Post
Thanked 5 Times in 3 Posts
marmsg has made some interesting contributions
death and disability insurance

Hello,

there are some insurance companies offering death and disability insurance and I am wondering if such kind of insurance police is worth or not.

I ask about it because I don't know how insurance companies behave in such cases, I mean, payment for health problems which take more than two years.

Cheers and thanks in advance
mar
Reply With Quote
  #2  
Old 08.02.2015, 21:43
Today only's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Europe
Posts: 3,709
Groaned at 482 Times in 292 Posts
Thanked 3,929 Times in 1,961 Posts
Today only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond reputeToday only has a reputation beyond repute
Re: death and disability insurance

Quote:
View Post
Hello,

there are some insurance companies offering death and disability insurance and I am wondering if such kind of insurance police is worth or not.

I ask about it because I don't know how insurance companies behave in such cases, I mean, payment for health problems which take more than two years.

Cheers and thanks in advance
mar
Once you're dead, doesn't make too much difference
Reply With Quote
  #3  
Old 08.02.2015, 21:49
me.anon's Avatar
Forum Veteran
 
Join Date: Jan 2012
Location: thun
Posts: 1,452
Groaned at 22 Times in 16 Posts
Thanked 1,764 Times in 869 Posts
me.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond repute
Re: death and disability insurance

If you are working for an employer (as apposed to being freelance) you will probably be contributing to a mandatory pension fund which includes an insurance for a wide set of contingencies. You should determine first what is covered there, then see if there are any 'gaps' which you need to fill.
Reply With Quote
  #4  
Old 08.02.2015, 21:50
Junior Member
 
Join Date: Apr 2008
Location: Zug
Posts: 42
Groaned at 1 Time in 1 Post
Thanked 5 Times in 3 Posts
marmsg has made some interesting contributions
Quote:
View Post
Once you're dead, doesn't make too much difference
Nice joke ;-)

In the case of death, the family gets money

Quote:
View Post
If you are working for an employer (as apposed to being freelance) you will probably be contributing to a mandatory pension fund which includes an insurance for a wide set of contingencies. You should determine first what is covered there, then see if there are any 'gaps' which you need to fill.
Thanks for the reply.

I am self-employed, therefore I ask if it is worth or not

Last edited by 3Wishes; 08.02.2015 at 22:34. Reason: merging successive posts
Reply With Quote
  #5  
Old 08.02.2015, 22:13
me.anon's Avatar
Forum Veteran
 
Join Date: Jan 2012
Location: thun
Posts: 1,452
Groaned at 22 Times in 16 Posts
Thanked 1,764 Times in 869 Posts
me.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond repute
Re: death and disability insurance

Quote:
View Post
Thanks for the reply.

I am self-employed, therefore I ask if it is worth or not
If you have no dependents, then probably not. If you have a family which would have to be cared for when the major breadwinner was no longer, well winning bread, then probably yes. But have a look at this document (German) page 74 (Personenversicherung) for some guidance: http://www.kmu.admin.ch/publikatione..._JjKbNoKSn6A--
Reply With Quote
  #6  
Old 08.02.2015, 22:16
Forum Veteran
 
Join Date: Jul 2007
Location: Vaud
Posts: 1,942
Groaned at 127 Times in 89 Posts
Thanked 3,486 Times in 1,332 Posts
Mikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond repute
Re: death and disability insurance

Quote:
View Post
Thanks for the reply.

I am self-employed, therefore I ask if it is worth or not
If you have family and own a house, yes definitely.

If you have family and don't own a house, maybe.

If you don't have family, no.
Reply With Quote
  #7  
Old 08.03.2015, 19:33
Newbie 1st class
 
Join Date: Jun 2013
Location: Zürich
Posts: 23
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 1 Post
varepsilon has earned some respectvarepsilon has earned some respect
Re: death and disability insurance

I would definitely recommend disability insurance over the death insurance. Should you become disabled, your household expenses will grow which is not true for the case of death. So take that one first.
Reply With Quote
  #8  
Old 08.03.2015, 19:36
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 18,079
Groaned at 924 Times in 720 Posts
Thanked 19,607 Times in 9,434 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: death and disability insurance

Switzerland is very generous with death benefits for surviving spouses and children.

And it's not means-tested.

And this is without any insurance.

Tom
Reply With Quote
  #9  
Old 09.03.2015, 10:09
Forum Legend
 
Join Date: Sep 2006
Location: SZ
Posts: 7,615
Groaned at 18 Times in 17 Posts
Thanked 15,924 Times in 5,232 Posts
meloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond repute
Re: death and disability insurance

Quote:
View Post
Switzerland is very generous with death benefits for surviving spouses and children.

And it's not means-tested.

And this is without any insurance.

Tom
Are they?

I was told that the surviving spouse does not get any AHV benefit, as he/she is supposed to have his/her own. In the case of a one earner family, the spouse who does not work has minimal AHV, a few hundred a month max - the large amount the working spouse accrues stops with his/her death.

I believe if there are minor aged children there might be additional benefits, though.

Is this not correct? (Lawd knows I been told some pretty porkers by bureaucrats, wouldn't surprise me...)

Additionally, according to OH's company's plan, a surviving spouse can only inherit 42% of the employee's pillar 2.

Are there any other benefits available to a surviving spouse?
Reply With Quote
  #10  
Old 09.03.2015, 10:18
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 18,079
Groaned at 924 Times in 720 Posts
Thanked 19,607 Times in 9,434 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: death and disability insurance

Quote:
View Post
Are they?

I was told that the surviving spouse does not get any AHV benefit, as he/she is supposed to have his/her own. In the case of a one earner family, the spouse who does not work has minimal AHV, a few hundred a month max - the large amount the working spouse accrues stops with his/her death.
I'm not talking about retirement benefit, rather benefits that are payed until retirement (to women) or until the youngest child is 18 (men). Children are payed until they finish school.

Tom
Reply With Quote
This user would like to thank st2lemans for this useful post:
  #11  
Old 09.03.2015, 16:12
FunnyBone's Avatar
Senior Member
 
Join Date: Jan 2015
Location: Earth
Posts: 495
Groaned at 24 Times in 18 Posts
Thanked 705 Times in 325 Posts
FunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond repute
Re: death and disability insurance

For IV disability - to compute the disability amount one gets, there are several issues taken into consideration:

1. one has to prove (even if one lived outside the country) that they have contributed to the AHV without a break in their working years
2. the salary earned each year
3. the amount paid into AHV.

There is a "voluntary AHV payment" for those living abroad, and I am not sure how "double taxation" plays into it. Are contributions to the foreign country's social security insurance (CPP in Canada) equivalent to AHV or transferable? I don't think so, or it doesn't look like it.

One can apply in all countries of (significant?) tax contribution for disability. It sucks if the exchange rate works against you. Whatever benefits you get from abroad will be taken into account in Switzerland.

Children get a benefit and I think the amount varies by canton.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Disability Insurance - do they cover you for pre-existing conditions ? swisspea Insurance 2 20.07.2012 18:57
Risk/disability insurance for self-employed: recommendations? redcapenta Business & entrepreneur 5 22.12.2011 17:21


All times are GMT +2. The time now is 02:35.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0