A pension life cover provides a payment if you die before retirement, however at age 68 at the latest.
Insurance covers
Pension life cover
Financial security for your surviving relatives after your death. For members of P+ and P+, former DIP.
On Min pension you can see your pension covers. You can find the pension life cover under Forsikringer.
The pension fund applies provision periods on admission, substantial increases of the monthly contribution payments and changes to the pension scheme. You can read more here
You can read more here
If you want to ensure a payment when the pension life cover expires, you can opt for a spouse's/cohabitant's pension. You can read more about spouse’s or cohabitant’s pension here
Payment is subject to a 40 percent taxation.
On payment to spouse or registered partner, there is no estate tax. If the payment is made to children and/or a cohabitant for more than 2 years, the estate tax accounts for 15 percent. On payment to others, the estate tax accounts for 36,25 percent (estate tax and supplementary estate tax).
You can find more information about your pension scheme in the Regulations. On Min pension you can see which Regulations you are subject to.