With a pension life cover your surviving relatives receive your retirement pension benefits if you die before having retired and you have not yet reached age 68. The amount is paid as a lump sum payment to your next of kin or your beneficiary(ies). 

On Min pension you can see if your pension scheme already includes a pension life cover, or if you have possibility of opting for it/opting out of it. You can also see how much the payment amounts to and who will receive the payment. If you want payment to made to someone else, you can change it. 

You can find further information in the insurance terms

If you want to guarantee that your next of kin receives your retirement pension after you have reached age 68 or have started using your savings, you must opt for the pension guarantee if you are subject to P+ Life cycle, or a spouse's/cohabitant's pension if you are subject to a pension scheme in average rate.