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
Can be reduced to as low as DKK 0.
Regular payouts in the event of a permanent reduction in the health-based occupational capacity and a permanent reduction in the earnings-based occupational capacity by a minimum of 1/2 or 2/3 before attaining the age of 65.
Payouts will start after a waiting period of 6 months.
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Your level of cover will continue with PFA, however, maximum DKK 2 million. |
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 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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If you are covered in the event of a temporary reduction in the occupational capacity at the time of the merger, you will receive cover in the event of a temporary 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 previously.
You cannot deselect cover in the event of a reduction in the occupational capacity.
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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
If your occupational capacity is reduced to an extent justifying cover, PFA will take over the payments to your pension plan in order for the payments to your savings plan, PFA Occupational Capacity and PFA Life to continue.
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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 DKK 2.4 million. Can be reduced to as low as DKK 0.
Paid for by pension payments.
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Your level of cover will continue, however, maximum DKK 2.4 million.
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, the savings security will lapse.
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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
Either a 10-year payout period or lifelong dependent on your original choice.
Until retirement, cover is adjusted in proportion to your salary, and hereafter, cover is fixed in proportion to your retirement pension.
Can be deselected until your date of retirement.
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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
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 PFA Critical Illness covers an increased number of critical illnesses.
The insurance cover is paid for by the payments to your pension plan.
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