Of course you hope it’s never going to happen, but you never know: you could become occupationally disabled or pass away. Your employer may choose to cover those risks. On this page, we explain the main pension policies and insurances.
You may be forced to stop work due to an accident or illness. This will have a big impact on yourself and potentially your family as well. Your employer may choose to cover the risk that you become occupationally disabled. That means you will continue to accrue pension even if you can no longer work.
How does that work? We explain in this video.
Partner’s and orphan’s pension
Your employer may choose to cover the risk of passing away. As a result, your surviving dependants will receive a surviving dependants’ pension if you pass away before your retirement date. A surviving dependants’ pension consists of a partner’s and orphan’s pension. You do not need to register your partner or children for this – We look up the information ourselves if necessary. We call this the ‘undetermined partner system’.
If you are accruing pension through BeFrank, go to your personal pension page to find out which arrangements your employer has put in place for you.
Anw survivor benefit shortfall pension
Some employers offer the option to cover an additional risk. If that applies to your pension scheme, you can opt for the Anw survivor benefit shortfall pension. Your partner will then be co-insured in case you pass away. You pay the contribution for this yourself, which you can find on your personal pension page. You need to apply for a Anw survivor benefit shortfall pension within four months of starting to accrue pension with BeFrank or within four months of a significant life event such as buying a house, getting married or having a baby. After that four-month period, you will need to complete a health declaration first. Our medical department will then approve your request.
Want more information? This video explains what will happen to your pension when you pass away.
Good to know
If you leave your job, these arrangements will stop.