Insure for Disability or Death

S

sevsevsev

New member
Hello Guys

Not even sure if this is the place to ask, but I do think its also a financial topic. I am at a point in life, where I start transitioning from a young man to potentially family father in 1-2 years. My 3a is in place, I have other savings going on. So far I never thought about insuring for Disability or Death since i wasnt "responsible" for anybody. However the moment I am going to have my first kid, this will all change.

Because of bad past experiences with life insurance and stuff at insurances I wanted to ask how I can go about checking options to insure for Disability or Death. This can be done completely unrelated to the 3a, right? The online info offered by insurances is kinda lackluster and i do not want a consultation appointment.

any inputs from you guys? :)
 
I am / was in a similar position.
I think the first decision you need to make is 1) do you actually need it and 2) for how much. This will depend a lot on, is your partner working and in a stable job, how good are your death / disability benefits from your pension fund, how much savings, etc. are there.

If you conclude, that you still want the additional security of a death/disability insurance and are ready to pay, there are quite a few options independent from 3a.

Personally, I would always go for a pure risk-based insurance and none of these 3a/3b investment type combined packages.

I currently just took the VIAC life plus for one year (as you can easily cancel), however re-assessing at the moment. Most online insurances like VIAC have a relatively cheap premium at the beginning but increase with age, so depending on how long you want it, e.g. 20 years until the kid is out of the house, they can become expensive. But you can cancel them annually. Others have a fixed term like 10 or 20 years with a fixed premium, but it's more difficult to get out.

Still debating what I would prefer for myself at the moment..
 
sevsevsev said:
This can be done completely unrelated to the 3a, right?
Click to expand...
More than that: This should be done completely unrelated to the 3a. Pure risk is the only decent option available.

First, you would need to assess your needs. Keep in mind that you likely have some death and disability benefits from your first/second pillars as well. And then you got the disability insurance from Switzerland. From that, you can establish how much you need for extra coverage.

If I needed it (I currently don't), I would personally take a term pure risk life insurance, probably 10 years because anything longer is very hard to predict.
 
You must log in or register to reply here.
Back
Top