You and your family

Things to consider

• Adjust your insurance policies when your life changes
• Make sure your money ends up with the right person when you die
• Check your pension if you split up with your partner

Have you made sure your family is provided for if something happens to you?

Most people have insurance cover on death with a tax-free minimum amount of DKK 500,000. This is the minimum amount your beneficiaries are guaranteed to receive if you die before you start taking money out of your pension savings.

You can change this amount to suit the needs of your beneficiaries. You may want to increase the amount if you have children. You may want to reduce the amount if you are unmarried.  

Who will get the money after your death?

You can choose that you want certain people to receive the money when you die.  
If you do not choose anyone, the money will automatically go to your next of kin. This is a good solution for most people. The order is:

• your spouse
• your partner, if you have lived together for at least two years or you have children together
• your children or grandchildren, i.e. your issue
• any heirs named in your will 
• your heirs under the provisions of the Danish Inheritance Act (arveloven). 

If you are happy for your next of kin to benefit, you do not need to do anything. But if you want your savings to be distributed between your spouse and your children, for example, you need to actively make this change.

Have you and your life partner separated?

It may be a good idea to check who will benefit from your pension scheme when you die. If you have already decided that your ex-partner should benefit, you may want to change this now. 

You could also consider whether you want to increase your insurance cover on death, e.g. if you have children you would like to provide for.