Deciding to take out occupational disability insurance is a sensible investment, especially for young professionals, which experts now recommend as an insurance standard. This is especially true for the reason that the legal protection with granted compensation for younger employees is now very small, so that a younger employee can hardly secure its existence by a state social income in the event of occupational disability.
Early entry makes sense
In this case, a disability insurance already makes sense for students, apprentices and trainees, since this is associated with low monthly contributions for a young entry age. If a job is taken up later or the professional industry is changed, many contracts even waive a reclassification by the insurer.
Find the correct hedging level
Anyone who has not had any experience in the field of occupational disability insurance will have to think carefully about the amount of hedge he has to choose here. Many experts advise not to fall below 80 to 100 percent of the last net wage, as this is the current standard of living.
Of course, the selected amount of protection is reflected in the monthly contribution, so that each potential policyholder should check exactly how he can conclude the best protection on individually favorable terms.
Occupational disability or disability
Anyone who is unable to pursue their learned or recently practiced occupation as usual after a permanent illness or disability wishes, of course, to be able to rely on the benefits secured by a disability insurance contract. In the case of a purely occupational disability insurance, however, an insurer may refer to other occupations, unless there is a comprehensive incapacity to work that completely excludes the insured from the labor market. Here it remains to be considered in advance how far the protection of one's own workforce should go and which of the two tariff variants is individually the right choice.
In principle, however, every employee should at least opt for occupational disability protection, whereby the relevance for the self-employed and freelancers is still more existentially more important here than with a traditional employee.
Disability insurance: benefits
As in other insurance lines, the services provided play an essential role in the conclusion of occupational disability insurance. After all, every policyholder wants to be sure that they receive the best possible range of services for their monthly contributions and that they can rely on a high monthly occupational disability pension in the event of benefits.
The services offered differ considerably depending on the society, whereby it is not enough to talk only about the levels of benefits. Even when a claim actually occurs can be regulated differently depending on the occupational disability contract and should be checked by each policyholder before the signing of the contract.
Influence the amount of benefits by means of a contribution payment
Basically, the financial benefits are not limited upwards, which can be assured by a disability contract. Experts often recommend occupational disability protection, which roughly corresponds to the last net income, but, of course, this protection can, of course, be made even more powerful by personal request.
Above all, this should be reconsidered because, in the case of occupational disability, there are also costs for medical visits or medicines that are not yet relevant in the everyday life of a healthy person. In principle, it is therefore advisable to first agree on a desired benefit level and, in the second step, to look at how this can be obtained by an insurer for the most favorable contributions possible.
Caption: Benefits even without incapacity
Many policyholders today choose to take out occupational disability insurance instead of occupational disability insurance. In such a case, it comes to benefits by the insurer only when an insured person is no longer available to the labor market, but this protection offers the same desired benefits at significantly cheaper terms.
In order to be able to claim benefits, the readiness to pursue another occupation besides the learned or recently practiced profession should be examined. It is common in today's insurance industry, however, that insured persons opt for a pure occupational disability protection and thus would like to receive benefits from their insurance, if the daily professional life can not be pursued in the usual way.