Temporary disability pension
Regular payouts in the event that your occupational capacity is estimated to be permanently reduced by 1/2 or 2/3 before attaining the age of 65.
The payout will start when you resign from your job or become employed in a flex job.
Standard cover is 60 % of your pensionable salary, however, minimum DKK 189,531, and you can select up to 80 % of your pensionable salary.
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PFA Occupational Capacity
Regular payouts in the event of a temporary or permanent reduction in your health-based occupational capacity and your earnings-based occupational capacity by a minimum of 50 % before attaining the age of 65.*
Payouts will start after a waiting period of 6 months.
Same level of cover, however, maximum up to 80 % of your pensionable salary.
Cover is adjustable between 1 - 80 % of your pensionable salary – however, minimum DKK 189,531.*
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Your level of cover continues, however,
maximum up to 80 % of your pensionable salary.
You will receive a total insurance package in the event of a reduction in the occupational capacity which includes cover in the event of both temporary and permanent reduction in the occupational capacity before you attain the age of 65.
*Special rules apply to employees with health problems at the time of the merger.
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Temporary reduction in the occupational capacity
This cover has the same level of cover as temporary disability pension.
Regular payouts for up to 36 months in the event of a temporary reduction in the occupational capacity by 1/2 or 2/3 before attaining the age of 60.
Payouts will start after a waiting period of 6 months.
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PFA Occupational Capacity
You will receive cover in the event of a reduction in the occupational capacity by at least 50 %, and the cover is effective until you attain the age of 65.*
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You will receive cover in the event of a reduction in the occupational capacity by at least 50 %, and the cover is effective until you attain the age of 65, which is 5 years more than your previous plan.
*Special rules apply to employees with health problems at the time of the merger.
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Disability benefit
Is not offered at present.
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PFA Occupational Capacity - lump sum
Voluntary cover of up to DKK 500,000.*
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You can establish a new insurance with a lump sum in the event of a permanent reduction in the occupational capacity.
*Special rules apply to employees with health problems at the time of the merger.
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Waiver of premium
Bankpension will take over the payments to your pension plan, and the payments to savings and insurance cover will thus continue in the event that your occupational capacity is reduced to an extent justifying cover.
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Payment protection cover
PFA will take over the payments to your pension plan, and the payments to savings and insurance cover will thus continue in the event that your occupational capacity is reduced to an extent justifying cover.
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You will receive a similar product |
Group term life benefit
Lump sum if you pass away before you attain the age of 67.
Standard cover of DKK 1,448,922, which can be reduced to as low as DKK 434,676 or increased to up to DKK 2,144,196.
Paid for by your pension savings.
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PFA Life
Lump sum if you pass away before you attain the age of 65. Possibility of extending cover to remain in effect until you attain the age of 67.
Same level of cover, however, maximum up to 800 % of your pensionable salary. The cover can be reduced to as low as 50 % of your pensionable salary, however, minimum DKK 434,676. Paid for by your pension payments.
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Your level of cover continues, however, maximum up to 800 % of your pensionable salary.
The insurance cover is paid for by the payments to your pension plan
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Extra security
Voluntary cover which is a supplement to the group term life benefit. If you pass away before retirement, the insurance cover, with deduction of the group term life benefit, will be paid out to your dependants.
If you pass away in retirement, your lifelong pension will be paid out to your dependants for a minimum of 10 years after retirement
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Savings security
Securing as much of the savings as possible in the event of death. If you pass away in retirement, your lifelong pension will be paid out to your dependants for 15 years after retirement.
On retirement, you will be able to secure your dependants financially.
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There will be no deduction from the payout of the savings covered by savings security on payout of PFA Life.
If you have a spouse’s/cohabiting partner’s pension, savings security will not be included.
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Spouse’s/domestic partner’s pension
Voluntary cover which makes up between 0 and 80 % of your pensionable salary, and which comes with either a 10-year or a lifelong payout.
Until retirement, cover is adjusted in proportion to your salary, and hereafter, cover is fixed in proportion to your retirement pension.
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Spouse’s/domestic partner’s pension
Voluntary cover which makes up between 0 and 100 % of your pensionable salary and continues as either 10-year or lifelong payout dependent on your original choice.
Until retirement, cover is adjusted in proportion to your salary, and hereafter, cover equals your retirement pension.
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Spouse/domestic partner must be registered by civil reg. No. to qualify for the payout. |
Children’s pension
Voluntary cover which makes up between 0 and 25 % of your pensionable salary.
Paid out to children under the age of 21 in the event of your death before retirement, in the event of permanent disability or (if applicable under the terms of your cover) on your retirement. Orphans will receive the double amount as well as an additional amount to be shared.
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Children’s pension
Voluntary cover which makes up between 0 and 25 % of your pensionable salary.
Will be paid out to children under the age of 21 in the event of your death before retirement.
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No possibility of payout of children’s pension if you retire or become disabled, and no additional amount will be paid out to orphans. |
Critical Illness
Payout of lump sum in the event of certain critical illnesses before you attain the age of 67.
Standard cover: DKK 201,628. You can select up to DKK 640,372.
Paid for by your pension savings.
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PFA Critical Illness
Payout of lump sum in the event of certain critical illnesses before you attain the age of 65. Possibility of extending the cover until you attain the age of 67.
Same level of cover, however, maximum DKK 500,000
Paid for by pension payments.
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Your level of cover continues, however, maximum DKK 500,000.
This is an improvement as children can be covered with PFA, and as PFA Critical Illness includes additional critical illnesses.
The insurance cover is paid for by the payments to your pension plan.
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