Retirement benefits, disability coverage and life insurance
A pension plan analysis can give you the full measure of your expected retirement benefits and show how your income and savings would be affected in the event of disability or death. It can also answer the following questions:
- Are you and your family sufficiently covered under the Swiss retirement, disability and life insurance system?
- Will you have enough retirement income? Or do you need to fill gaps in your basic social-security coverage (first pillar) and occupational pension (second pillar)?
- If you became disabled or die, would your family have financial difficulties? If you are a business owner, will your company be able to carry on without you?
- Learn more about BCV’s pension plan analysis
Peace of mind for your family
Life insurance may be a good option if you want to protect yourself and your loved ones from financial hardship in the event of death, disability, or loss of income. You have the choice between term insurance and whole life insurance. Whole life insurance includes a savings component that can help fill any gaps in your social-security or occupational pension coverage. If you have children, you may be particularly interested in the savings component of whole life insurance.
Self-employed? Homeowner?
If you are self-employed or a homeowner (or both), you may have drawn on your occupational pension funds to start your business or buy your house. If so, it is especially important to assess your pension coverage carefully, since any withdrawals will lead to a decline in future benefits. Did you know that a standard life insurance policy or one linked to investment funds could help cover you in the event of bankruptcy?