Not only should you choose the job that you want to do your whole life long, but also the right disability insurance. What should you watch out for?

Choosing occupational disability insurance sensibly: Contributions to health issues, risk management

Calculate the risk of occupational disability in good time

There are countless jobs and professions that selection is downright huge. From new, still unusual jobs like health coach to everyday jobs like waiter, cashier or construction worker. But especially those who are at the beginning of their professional career have to weigh up many advantages and disadvantages, think about career opportunities, think about what they actually want to do with their life and what their interests lie.

After all, every working person normally has a few decades in their career work life ahead. However, what many forget is this Risks becoming disabled in the course of one's life. However, those who can no longer do their work come fast in financial troubles. The gap between the last earned Income and state disability support is enormous in most cases. This can be remedied by disability insurance, which everyone should think about at an early stage, like that ZEIT reported, citing the magazine Finanztest. But how can you find the right insurance for you and what do you have to consider when choosing?

Disability insurance vs. disability insurance: what is the difference?

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Not only those who practice a dangerous profession should insure themselves in the event of disability. After all, life always involves some risk. Due to illnesses, accidents or psychological problems, occupational disability can quickly occur. Those who disagree accordingly insured, where things can get tight financially. Because the state pensionthat one gets in such a case is too small to be able to maintain the accustomed standard of living. It is therefore important in any case to take out disability insurance.

Incidentally, the difference to disability is that disability insurance takes effect if you "only" can no longer pursue your last job. To be considered disabled, you must no longer be able to work at all. For example, a pilot who has a foot amputated as a result of an accident can no longer practice his original job. However, he can certainly still do office work at his desk and is therefore not unable to work, but unable to work. On the other hand, the contributions for disability insurance are somewhat lower. What insurance useful should be clarified individually.

How are the contributions calculated?

Certain ones apply to every occupational disability insurance Insurance terms, costs and conditionswhich also result from different criteria.

1. The contribution amount

The amount of the contributions is based on how high the pension should be in the event of occupational disability. Each person to be insured determines this individually.

An amount is advised that closes the gap between the early retirement one receives from the state and the income last received, in order to maintain one's own standard of living even in the event of an occupational disability.

2. The duration of benefits

That too Age, up to which the disability pension is paid at most, the so-called benefit period, plays a role in the amount of your contributions: the longer the disability insurance pays, the more you pay.

3. The duration of the insurance

Deviating from this, you can agree on the duration of insurance, i.e. the age up to which the insured event must occur, separately for many contracts.

For most insurance companies, the maximum insurance or benefit age is 65 or 67 - the age at which you normally retire. And you should also agree on this duration.

Choosing the Right Insurance: You should be aware of these pitfalls

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But not all insurance is the same; as with all contracts, there are also certain differences in occupational disability insurance.

1. Health issues: Beware of previous illnesses

These include, for example, the previous illnesses: In order to be accepted by an insurance company at all, you have to answer a few health questions. Here you will be asked what your current state of health is in order to weigh up the risk of occupational disability. In addition, the current job is decisive.

Based on your information, the contributions and conditions for the entire term of the contract will then be determined. You will be assigned to a community with an equally assessed so-called risk profile based on your health characteristics and medical history. If it later turns out that you have intentionally or unintentionally forgotten something, this can result in the termination of the entire contract.

2. Those who work in a so-called risk occupation pay more

For example, anyone who has a job in Office exercises, reduces the risk of becoming unable to work and pays correspondingly lower contributions. After all, a sedentary job, even with a possible disability or other illness, can still be carried out more easily than one that requires physical fitness.

This is because, in contrast to disability insurance, the BU already takes effect when you can no longer practice the job you last had. In a job with high physical activity, for example, scaffolding, the probability of becoming incapacitated due to an accident is much higher than in an office job that only involves working at a desk. On the one hand, the job itself is already burdened with a high probability of accidents, on the other hand, only those who are physically completely fit can work here.

Your own job can therefore be the decisive factor in being rejected by the insurance company or having to pay high premiums. But be careful: the incapacity should not be the Career choice influence. Not everyone who has a high-risk job, such as a pilot, scaffolder, or firefighter, will be involved in an accident during their career, and not every office worker can stay in the job for life. There are many factors affecting this decision should influence, so that you can ideally pursue your profession until retirement age.

3. Be careful with the abstract reference

It is also important to ensure that abstract references are generally excluded. This regulation exists for the reason that benefits cannot be refused on the grounds that the insured person can still pursue another profession despite his or her limitations.

In plain language, this means that you are not covered by the insurance Money as long as you can still carry out such an activity, even if you could only theoretically carry out the other work, but in practice there is no need for your (health-impaired) workforce and you therefore cannot find a job or if you do fewer to earn.

4. The self-employed and start-ups should pay attention to this

If you want to become self-employed during your working life, you should also calculate carefully, because special provisions apply to the self-employed with employees when taking out disability insurance. For them, the "profession" is not just about the activity that they do themselves. It is also checked whether you are certain after an illness or an accident Tasks could delegate.

Such a reorganization of the company can be expected of a self-employed person under the following conditions: You must continue to have a meaningful work area (no casual work) that corresponds to your knowledge, skills and your manpower as well as your position as the owner of the company. In addition, the reorganization must be spatially possible and not entail significant financial losses or investments. In an emergency, however, you must prove that reorganization is out of the question (e.g. because of your Health). The general economic risk is not taken into account.

Further information

Furthermore, there are still differences between the individual providers as far as the contributions are concerned. There are also exciting ones Alternatives for occupational disability insurance such as basic skills or dread disease and life insurance.

It is therefore worthwhile to deal extensively with the topic in advance and to compare the various offers. Further information on pensions can be found online.


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