A young and healthy person can get disability insurance from a few hundred kroner a month, while a 40-year-old woman often has to spend several thousand a year. If you can use collective agreements through unions, it is always far cheaper. You can choose between disability capital, which provides a lump sum payment, or disability pension, which provides a fixed annual pension in addition to the national insurance.
A disability insurance only applies to the person who has insured
If you die, the disability pension does not give money to the survivors. Therefore, many have a life risk insurance, a life cover, as well. A family financial situation can be dramatically changed if one of the parents falls away and the income goes away. You decide for yourself who should have the payment from a life insurance policy if you die.
Cohabitants who own a home together should favor each other in life insurance to ensure that the payment goes to the survivor and not to the ordinary heirs. Cohabitants do not inherit each other unless specifically agreed in a will.
It is especially important if you support someone
If you are single, the insurance can be paid to your children and to yourself if you become disabled. Many have such life insurance in combination with disability insurance through employment, trade union or private. On the other hand, if there is little difference between the short-term and long-term interest rates, many expect the level of interest rates to remain more stable. The insurance provides a tax-free lump sum payment.
Debt insurance also a life insurance policy. It is usually among the younger ones, and is linked to a loan, which is wholly or partially deleted in the event of death or disability depending on what you agree. The payment goes to the bank, which deletes what is left of the debt. This will then benefit the heirs.