Your pension scheme may include insurance cover for critical illness, the award of a subsidised flexi-job, the award of senior or early retirement pension, and death.
It is important that you have the right amounts of insurance coverage so that you and your family are provided for if anything should happen to you.
To that end, you can choose the amount you want to receive in insurance benefits.
If you become unemployed
If you lose your job, you will automatically retain your policies with us for one year after your employer ceases contributing to your pension. You can extend your policies for four more years.
If you have not found another job or if you have been ill for a long time, we recommend that you extend your policies.
If you are diagnosed with a critical illness
Your critical illness insurance policy will provide you with a tax-free sum if you are diagnosed with one of the illnesses included in the insurance policy. This can be for example cancer, thrombosis or sclerosis.
If you get a subsidised job
If you are employed in a subsidised job, your employer will not make full contributions to your pension scheme. But we will top up the monthly contributions so that you save up just as much as previously. In that way, you are ensured a full pension even though your employer contributes less. We call this savings protection in the event of a subsidised job
Senior and early retirement pension
If you retire on senior or early retirement pension
Most members will receive a monthly amount if they are awarded senior or early retirement pension by their municipality
In addition, we will make monthly contributions to your pension savings account.
If you are awarded public early retirement pension, you may also receive a tax-free lump sum.
Vocational rehabilitation sum
If you are in a vocational rehabilitation programme
You can have half of your lump sum on early retirement disbursed if you have been in the vocational rehabilitation programme for more than one year.
This might allow you better opportunities to maintain your lifestyle even though your income has decreased.
When you die
If you die before your pension is disbursed, your next of kin will receive your savings.
Your next of kin are guaranteed a minimum sum
If your savings are small, you have insurance coverage to ensure that your next of kin will receive a minimum amount, typically DKK 500,000.