What Happens to Your Income if You Can No Longer Work?

A prolonged illness or accident can significantly alter your ability to work and, consequently, your income. Benefits from social security and occupational pension schemes provide protection, but do not automatically replace your previous salary in full.

Which Benefits Apply?

Depending on the cause and your personal situation, benefits from the IV (disability insurance), pension fund and, in the event of an accident, additionally from accident insurance may apply. The amount and eligibility depend, among other things, on the degree of disability and your previous insurance situation.

Where Can an Income Gap Arise?

The key factor is the difference between your previous income and the benefits you would actually receive in the event of a longer-term inability to work. Ongoing fixed costs, family and existing insurance policies also play a role.

Review Your Personal Protection

A pension planning analysis compares your expected benefits with your financial needs. This makes it clear whether there is a gap and whether additional protection would be advisable.

Inability to work is difficult to predict. That’s why it’s so important to know your own protection before a serious situation arises.