PFA Life

PFA Life is a life insurance that secures your loved ones financially when you pass away. As a rule, PFA recommends that you choose a level of insurance cover that allows your family to maintain its standard of living for up to four years. At My PFA, you can see the exact level we recommend that you choose.

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Who should the money go to?

As a rule, we pay out the money to your next of kin unless you have agreed otherwise with us. If you want the money paid out to someone other than your next of kin, please complete and forward a beneficiary declaration. If you are unsure about who will receive the money, please contact us at (+45) 70 12 50 00.

Payouts to your children (Children’s pension)

Many of our customers can opt for an extra insurance plan – Children’s pension – with fixed payouts for their children until they reach a certain age. The amount becomes payable if you should pass away before you reach an agreed age. The payouts will be registered as the child's personal income. Therefore, we recommend that you choose a level of insurance cover that falls with the limit of the child’s tax exemptions card. This way, the child will not have to pay tax on the payouts.

 

PFA will contact your surviving relatives

In the event of death, PFA will automatically be notified by the Danish Civil Registration System, and we will then forward a form to the estate. The form must be completed by the surviving relatives. We will forward the form by post in order to obtain proof of identity of any surviving relatives. Once we have received the completed form, we will contact the surviving relatives if we need any supplementary information or a certificate issued by the Probate Court.

If you are a surviving relative, you are always welcome to contact PFA at (+45) 70 12 50 00.