Life insurance
UMCNL offers all umc employees the opportunity to take out collective life insurance. This means that your partner will receive a supplement to their income after your death.
When someone dies, partners can receive a statutory benefit from the Social Insurance Bank (SVB) under the General Surviving Relatives Act (Anw). However, the SVB only pays this benefit if the surviving relative has not yet reached the state pension age. In addition, on the day of their partner’s death, the surviving relative must meet one of the following conditions:
- They are caring for a child under the age of 18.
- They are at least 45% incapacitated for work.
It is also important to note that the Anw benefit amounts to a maximum of 70% of the net minimum wage. The surviving relative’s own income from work is deducted from this amount.
Insurance company Squarelife
Squarelife’s group life insurance can provide a relevant supplement to the surviving partner’s income. This option was established in conjunction with UMCNL and is in many cases more favourable than individual supplementary insurance.
Registering for life insurance
New employees can register for the insurance within three months of starting their employment. After that, participation in this group agreement is no longer possible.
You can take out life insurance via the EBC website.