Voluntary continuation: terms and conditions

You can only opt for voluntary continuation if you meet all of the following terms and conditions:

Your new employer does not provide the same insurance cover

Have you started a new job with no pension scheme or with a pension scheme that does not provide insurance cover if you pass away? You can then choose to continue your insurance voluntarily.

Voluntary continuation starts after your extended cover ends

Voluntary continuation cannot start until your extended cover has ended.

Duration and cancellation

• Voluntary continuation of the surviving dependants’ pension (partner’s pension and/or surviving dependants’ insurance) will remain in place for as long as you continue to meet the terms and conditions. You can only continue both types of insurance together. This means that you cannot, for example, continue only the partner’s pension or only the surviving dependants’ insurance.
  
• As your pension administrator, we cannot terminate the voluntary continuation until 15 years have passed, unless you reach retirement age sooner. You can cancel the voluntary continuation yourself in writing on a monthly basis. To do so, send an email to klantenservice@befrank.nl. Your cover will then end on the last day of the calendar month following the month in which you submitted your request.
  
• If you decide to stop the voluntary continuation early, we will settle any overpaid or underpaid risk premium with your pension fund.

If your pension fund falls below the statutory commutation threshold for a small pension, the voluntary continuation will end automatically and you will no longer be insured if you pass away.

Annual renewal

Each year, you will receive a new offer. You can use this to confirm whether you want to continue or end the voluntary continuation

Good to know: do you only have risk cover with us? If so, you do not build up any pension capital with us, and no money is invested for your pension. This means you cannot voluntarily continue your insurance cover.