The disability insurance is usually as BI insurance is. It represents the second most frequent case, the so-called disability insurance.
The disability insurance is usually as BI insurance is. It represents the second most frequent case, the so-called disability insurance. There are various forms of protection. First, they can be used as independent insurance (in this case: SBU) are completed on the other as an addition to an existing pension and/or life insurance. usually is meant by a private disability insurance policies taken.
Within the notion of actual disability, it is important to distinguish the different interpretations. Thus, the term exists, for example, within the statutory pension insurance, which is funded by general insurance contributions of workers. However, the mentioned there / controlled protection applies only to the people who’ve been born before 01/02/1961.
Also regulated by law, the definition of the necessary requirements to qualify as “unable to work”. The corresponding liabilities are recognized relatively low. For people who were born after the above time limit, only a highly limited protection under the so-called disability applies. Here, the legislature oriented normally to the so-called residual performance that can be expected on the “generally accessible labour market”.
So often educated and highly skilled professionals even then transferred if they are still only able to perform simple auxiliary tasks. Here, the aspect of the training and the question of the actual employability in these areas are often left completely ignored. Should the latter be denied, as is often the persons concerned only the way to the base securing and easily unemployment benefit II.
The private insurance industry defines disability as a rule differently than it does the legislature in the statutory scheme. The purpose of the private provision is in the case of the onset of disability social cushion the subject concerned. The social decline of the insured person is to be avoided in this case. This is, therefore, a preventive nature of private insurance.
If the insured is no longer able to participate in the general labour force, he obtained in this way a material or financial compensation and can make a living on, without having to accept compromises in larger / existential dimensions. The disability insurance is in their goals / basic concept thus much more specific than is the disability insurance.
The latter takes into account only the loss of the ability to work in the general market.
The disability insurance is particularly relevant for the group of people running potentially because of the risk position of the pressure exerted profession risk of suffering a disability.
Overview occupational disability insurance
What do I need disability insurance?
In principle, the disability insurance of any employee / each employee can be taken advantage of. The only requirement for a sensible use that an employment relationship (the practice of a profession). Primarily, the disability insurance serves the aforementioned persons in the event of the occurrence of disability.The policyholder / The policyholder shall be protected socially and economically by the incoming cash payment in this case. The sum payable is not fixed price. Nature and extent of each cash payment are fully dependent on the negotiated and signed by both parties. Usually, in the disability insurance, a monthly monetary allowance will be paid, should there be said invalidity.
Here it is crucial that this insurance does not only apply a supposed accident in full but even if the disability of the policyholder / the insured enters through a disease or other ailments. This is a crucial distinction from the otherwise similar mounted accident insurance, which – as the name suggests – is active exclusively in case of accidents.
In many cases, an accident insurance will no longer be needed if instead uses the specific disability insurance. At the conclusion of a corresponding disability insurance, the principle that the amount of contributions payable generally depends on the risk assessment of each profession exercised applies.
For example, workers are usually charged in a craft industry with higher amounts than is the case for workers with an office job. The insurance is usually a continuing threat assessment table for the most common occupations.
What is disability?
The payment of benefits of a disability insurance can be taken only by those persons to complete, which are classified as unable to work due to an accident, illness or other suffering from the medical side. In the former case – the accident – it does not matter whether this occurred during the exercise of the profession or in a private environment (outside the official working hours).The disability insurance engages in both cases. In this context, however, the question arises, what a doctor constituting the alleged disability, or at what level of restriction, a person is considered incapacitated. In the disability in question is a permanent or chronic accident, illness or disability-related disability of the person concerned in each case to investigate the learned (and hitherto exercised) profession. An important criterion is said by definition durability.
Only when the suffering chronic/long-term exists, attacks the respective disability insurance to its full extent. In addition to the previously discussed disability also a so-called “partial disability” or “partial disability” exists. This occurs when the particular policyholder / a particular policyholder his / her job because of the physical/psychological impairment only can exercise in part or to a relatively small extent.
For these cases offer the insurance companies in general, specific occupational disability insurance policies covering the “partial disability” or “partial disability”. Since the case of partial disability from a statistical point of view occurs more frequently than is the case with the full disability, the sum of the contributions payable for such insurance usually is much higher.
Why is disability insurance so important?
Basically, any employee / every worker is affected by a possible disability. The probability of occurrence of an accident followed by invalidity is the exercise of a trade or profession, although similar mounted much higher than is the case in a professional office, can be ruled out such an accident, but in no professional image. So it is, for example, in a supposedly “safe” job possible for an employee / a worker a fall on the stairs or suffers an accident at your desk. In such cases, the workers are well advised to take out disability insurance and accept the negotiated benefits. But the potential accident (at work or private) with the consequences of a disability is only one reason for the use of such insurance.Often people suffer unforeseeable and serious diseases that can be continued employment within the previous profession seem almost impossible. This can be both physical and mental illness to the persons concerned. In contrast to the above-described casualty insurance, disability insurance benefits of access in this case in full measure.
At the conclusion of such insurance, the principle that this is taken primarily by individuals with particularly hazardous occupations in the claim since the probability of an accident is judged to be valid. In order to safeguard the chronic/persistent disease case, the conclusion is, however, also recommended for all other persons.
In addition to this abstract reference the specific reference exists. These two reference terms are in plain and evolving. In the specific reference to the insured in the event of disability applies a new activity. In this activity, he/she will refer accordingly, provided that the relevant conditions are met. The above reference clauses are usually taken in each occupational disability insurance.
What is a reference?
Within the insurance contract, so-called reference clauses are generally determined. Here, the insurance company/insurance providers usually distinguish between the abstract and the concrete references. These two terms are to be defined below. The former “abstract reference” directed beyond the fact that the worker concerned / employee concerned, reference is made to a new job if they can work / profession within the old no more. The newly assigned activity must be such that, although the person may exercise (despite the disability occurred) actually present, however, does not exercise.This abstract is referring in particular to the policyholder / the insured is of particular importance since this is not relevant whether the current labour market allows the execution of another / a new occupation. The policyholder / The policyholder this is at the sole risk of having to make the career change despite attester disability on their own.
Frequently, these are also in similar cases – for example in the pension due to (full) disability – applied. In special case constructions, the policyholder/policyholder has to waiver of an (abstract) referral to negotiate. Increase in the rule. By such negotiation, the contributions payable for the particular disability insurance, In this case, the employee/worker is not bound by the exercise of an activity other vested.
When do I get a pension for incapacity by the State?
The conditions for a pension for (full) disability are regulated by law clearly and unambiguously within the Federal Republic of Germany. The relevant regulations (the legal basis for authority) have made the legislative bodies within the § 43 of the sixth Social Code (SGB VI). On the basis of the Law on the reform of pensions for reduced earning capacity (adopted on 20.12.2000), the corresponding pensions were redesigned due to reduced capacity. Since then, the one / one who is considered incapacitated, the / the only may be employed under the common, customary conditions and requirements of generally accessible labour market less than six hours a day.The reasons for the incapacity for work are not important. Here, there is only then an exception if the disability was caused intentionally and in-house. This exception is defined within the § 103 of the sixth Social Code (SGB VI). The legislature distinguishes between full and partial disability. The fully acquired impaired people are those who are not in the foreseeable future are unable because of a disability and/or illness at least three hours to work under the general and customary conditions of the market daily.
The phrase “for the foreseeable future” describes a total period of more than six months (more than six months). The partial disability is present when the aforementioned persons insured is unable to work for more than a minimum of six hours per day due to a disability/illness. This control of the affected / the person concerned is thus given a residual capacity, which provides a possible working time of three to six hours. As a result, the work part-time employment is possible.
When should I purchase disability insurance?
Basically, a disability insurance from any potentially capable professional person can be completed. Such protection against the loss of their own professional skill is to be regarded as reasonable. Any person may be due to – be the event of disability, serious illness – not previously suspected. This entails for the person concerned serious financial consequences.The disability occurs when, after the receipt of the entitled sickness benefit (which is paid by the statutory health insurance) for over half a year, there is no ability to work and the person is unable to act within the usual and hitherto exercised the profession. Since the support of the state is very tight (based on laws passed at the federal and state level), a worker/workers must be well advised if he/she a private pension beyond – in the form of disability insurance – carries and a corresponding insurance contract signed.
The insurance should as soon as possible – if possible directly at the start of the first employment – to be completed. Thus, the coverage is equal to the first day of work. In this case, the amount of the contributions payable usually be designed relatively low. Of course, the conclusion of such insurance just for the workers important and meaningful, who are particularly vulnerable because of their chosen profession of suffering from a possible disability. Insurance companies do this before corresponding hazard tables that can be viewed on the Internet.
Can I cancel a disability insurance?
Often encounter workers only after many years of insurance acquisition that the chosen disability insurance is no longer necessary. This can, for example, be due to other private operators and providers offer better insurance to better and/or more favourable terms. A person who is too large the financial burden of such insurance in the long run.This may be the case if the financial/social situation of the policyholder / the policyholder has changed and the stresses associated with the insurance companies, thus becoming too large. In these cases, the appropriate people, the question arises whether the disability insurance can also be terminated. To answer this question, the regulated within the insurance policy factors need to be examined.
Basically, the private disability insurance is, of course, be terminated. Relevant is only the notice to be observed. This can – depending on the contract – often fail differently. In general, a fixed contract term is agreed in such agreement. The contract may be terminated usually up to one month before the end of each term.
This does not happen (for example because the policyholder / the policyholder has missed the deadline), then the contract period shall be extended accordingly. Upon termination, the principle is that the formal requirements are met. Thus, the appropriate people are well-advised to terminate the contract in writing. On the also written receipt of the notice by the insurance entrepreneur / the insurer should also be passed. The reception serves as an important means of detection, it should come as part of the termination problems.
When I am unable to work?
The disability insurance serves the workers – as the name implies – as protection from the inability to work. To be able to take that protection claim must therefore first define the concept of disability. As incapacitated applies, the person who. Due to an accident, illness and/or disability lasting (and thus chronic) is unable to consider further the hitherto profession Be distinguished from the so-called partial disability, in which each person can pursue their profession only in part or under enormous limitations. The disability borders at this point clearly and unambiguously from the so-called disability from.The former is named before, even if the person is basically from a health point of view in a position different factual profession, which is viewed from less social aspects (a profession that is associated with a much lower income or) could exert. The often serious financial consequences for the individuals concerned, however, can protect the private disability insurance.
For the use of the services of such insurance requires an appropriate medical certificate, which in turn must be recognized by the insurance company / the insurer. In general, the insurers make their services even at partial diagnosed disability eligible, provided a level of at least 50 percent is determined.
Is a BUZ useful as protection against disability?
The abbreviation BUZ stands for “additional disability”. This is clear from the SBU delineate (individual disability insurance). When BUZ is a by-product, which is bound to a corresponding main product. In this main product can either be a code pension a food or a term life insurance. Normally advise the insurance company / the insurer the classic self-disability insurance (SBU).However, the BUZ also has a significant raison d’être. The two alternatives should be compared by potential policyholders and policyholders in advance exactly. Depending on the individual circumstances bonded to the main product BUZ may be a better / attractive variant of insurance coverage under certain circumstances. The basics of this construct insurance are very simple. The appropriate insurance coverage is as already explained, taken together with another insurance product to complete.
Basically, the classic independent disability insurance (SBU) is then the better choice if the combination of products in the BUZ (pension, life and/or life insurance) is not required. However, should the potential policyholders and policyholders are interested in one or more of these insurance products, the combination with the BUZ can be quite useful, as can be negotiated and submitted to better conditions for combining services here.
Premiums can thereby be reduced so in no small measure, which the insured persons remain more financial resources for other/additional expenditure. Important and relevant to the decision whether a BUZ to be completed, so the question is whether the complementary products are actually needed. A comparison of the two options worth in every case.
What is the difference between risk time and service time in the disability insurance?
A disability insurance always involves a risk time and service time. At the time of performance is the date by which the respective insurance companies must make payments applicable if the policyholder / the affected policyholder is unable to work. Of this clearly, delineate the definition of the risk period. This describes, in contrast to the performance time of the date up to which the possible occurrence of a disability is totally insured within the signed disability insurance. The two factors “performance time” and “time risk” can be identified when the particular disability insurance from one another.For example, the risk timed to the 55th anniversary, the time for performance, however, on the 63rd birthday, the following procedure applies. The insurance company pays the agreed contractual pension up to the 63rd birthday if the policyholder / the policyholder is unable to work before the 55th birthday. If the disability occurs until after the 55th birthday, so the insurance company / the insurer pays no rent. This model involves certain risks for the policyholder, the amount of the contributions can be incorporated but may greatly reduce.
Why do I have to pay a risk premium in the disability insurance?
Often disability insurance is associated with so-called risk premiums. This term is to be defined below. The risk premium is an additional amount to be paid (surplus), the insured persons may need to make. With a risk premium, in particular, the people are charged, which are classified as particularly risky by the insurance company/insurer. Risky in this sense are those persons for whom the potential insured event due to the professional and/or health status of the policyholder enters with an increased likelihood. A risk premium, for example, is collected if the person to be insured suffers from one or more specific pre-existing conditions. This can be, for example, various allergies, diabetes or other diseases.The workers, who are classified as healthy, but exercise a high-risk profession are often considered a risk premium. This is, in particular, those professions that come up in the usual accident and risk statistics with high accident rates. However, once a fixed set risk premium does not have a permanent stock. Should one or more risk factors omitted, the terms of a contract can be renegotiated. In this case, this is generally spent the hitherto payable risk premium. The insurance contract law protects policyholders and policyholders in the sense that every two years an appropriate review of the existing risk factors may be required.
What are my obligations in a disability insurance?
If a disability insurance was completed, both the insurance company / the insurer and the policyholders and policyholders have to meet different requirements. If the latter does not comply with these obligations, the insurer may refuse to pay the agreed rent / of the agreed services. The / The insured must meet its obligations to cooperate fully.This includes, for example, the provision that the confidentiality of the doctor is released. Of course, the insurance company/insurer have a great interest to question the diagnosed disability check / to and search for this reason the personal consultation with the respective physician / the insured. For delivery of medical confidentiality exists a binding judgment of the Court of Appeal Hamburg. This judgment can be found under file number “9 U 186/09″ and is free of cost. In addition, the insured persons must provide documentation showing proceed information about the applied job.
From this information, the insurance company / the insurer generate potential risk surcharges. At the conclusion of the insurance, the insured persons may withhold any relevant information. Any pre-existing conditions and other important factors must be identified. If it turns out after the event that such information was withheld deliberately in the contract, the written insurance is void under certain circumstances. If in doubt here, however, a judicial decision must be brought about. Basically, it is advisable to make all information is correct and complete and fixed accordingly in writing. The only way to ensure that in the event of the occurrence of an invalidity pension is paid the agreed.
What is a Relay regulations?
Within the disability insurance, a distinction between a flat-rate scheme and a staggered scheme. The flat-rate system provides that the agreed service are paid if the degree of disability was diagnosed in the amount of at least 50 percent by a doctor. From this level of 50 percent, the full pension is paid. Below that 50 percent of the / of the insured person receives, however, no power. In recent years it has often offered a flat-rate system with a limit of 75 percent.The contributions payable for disability insurance are correspondingly reduced in this case. Clearly distinguished from the flat-rate scheme is the so-called relay control. In this variant, from a level of more than 75 percent (or – depending on the contract – 66 2/3 percent) paid the agreed performance in full. At a level of 25 percent (or – depending on the contract – 33 1/3 percent) is made a disbursement of the diagnosed degree of disability. Under the degree of 25 percent (or 33 1/3 percent), however, no performance is made. The calculation of the benefits under the scheme season proves to be very complex, as a percent accurate classification of the degree of disability must be made.
However, it offers the flat-rate scheme has the advantage that it is much more personal and payments can also be made far below the 50 percent threshold. Shaping the contributions payable in the staggered schemes in general, however, as is the case slightly higher at the flat rate scheme.
What is in the disability insurance with the degree of disability to be?
The expected benefits of the insurance company / the insurer are subject to the extent of disability of the policyholder / the insured in the rule. This degree is held in percentage points and diagnosed by the individual physician of the insured persons. The degree of disability shall determine, which benefits the insured persons may be obtained from the already completed and signed disability insurance.The respective degree of disability is, therefore, an indicator of the extent of the limitation/disability of the insured. As explained previously, most insurance companies / most insurance provider offer both flat rate schemes and staggered versions.
In the flat-rate scheme usually, a degree of 50 percent shall prevail. From this limit, the / the insured pay the full benefits that were previously contractually obligated to complete. If the level is below this limit, however, no services are usually provided. This general rule is therefore associated with a certain risk, as often degrees of disability are diagnosed below the 50 percent threshold.
In a staggered solution, however, benefits from a level of 25 percent are in prospect often already. The Group’s policy, the higher the observed degree of disability, the higher fall from the services provided. As a rule, paying for a staggered scheme for contributions are higher than at a flat rate control (with the limit of 50 per cent) is the case.
Why do I need a Nachversicherungsgarantie?
If you want to take out disability insurance, should refer to the case via a Nachversicherungsgarantie. Such warranty shall be the person's insured projects the possibility to increase the expected disability pension without a re-examination of health. This, however, the relevant contractual conditions must be created.A retroactive can to a certain – specified within the contract age – and are closed at the top capped amount of pensions. With the help of Nachversicherungsgarantie the insured previously disability pension can be increased, a health examination must be carried out without this. The insured persons thus have the opportunity to pursue a relatively risky pastime, without the contribution to be paid for the insurance is hereby increased.
Also, a possible deterioration in health is not relevant in this case. The protection of the labour force can thus be adapted to the particular circumstances. This is particularly the young and single people for good. This group usually has only a small coverage needs, which increases steadily during the course of work and family life.
The advance must enter specified insurance conditions for the use of Nachversicherungsgarantie. This can happen, for example, a change of job, the birth of one or more children, the inclusion of a professional and/or self-employment, etc.. Usually, the appropriate retroactive within six months from the occurrence of such must – be a done event – pre-determined.
What is a dynamic disability pension?
The dynamics of the disability pension control the uniform and regular increase this performance. Affected by the increase both the performance and the payable / contributions to be paid by the insured persons. With this instrument, so one way is promised to increase the disability pension after the conclusion of the insurance contract retroactively yet. In general, such an increase in pensions and contributions will be held once a year.For the dynamic increases in benefits, not renewed health tests are usually performed. Whether such control of the dynamics will be included in the insurance contract, depends on both the insurance company / the insurer, and the policyholders and policyholders. Basically, it allows the existing contractual freedom to make the contract according to your wishes. However, the benefits and contributions dynamics is usually part of a standard contract for disability insurance. In case of doubt can be configured formulated and included in the contract between the two parties an individual regulation.
