Professional disability insurance Alternatives: These three exist

Burnout, herniated disc, broken hip: The causes of disability are diverse. According to the overall association of the insurer, every fourth in Germany will be disabled at least temporarily in his professional life, for example for a few months. Mental illnesses are the most common reason for this. No wonder that occupational disability insurance (BU) applies to many to a must in their own pension portfolio.

But not everyone can simply take out the insurance. The decisive factor for the conclusion and above all the costs of the policy are three things: age, work and the medical history. Those who are old have a higher risk due to illnesses, accidents or other incidents to develop in the long term. Insurers can be paid for.

Professions bring different professional risks with them. The roofer is either rejected directly or would have to deposit such a high monthly sum that she can better provide for differently. And people who already have many diseases or restrictions are pre -contaminated from the eyes of the insurers and have therefore also fought a higher risk, including the money from the insurance company. Either insurers explicitly exclude these previous illnesses from the policy or they reject the application directly.

However, this does not mean that affected people cannot secure themselves at all. These alternatives are available for BU:

The best alternative to BU in many cases is disability insurance (EU). The difference: The insurance only pays if the insured person can really no longer work – regardless of which profession. For example, if you have a problem with your legs and therefore cannot stand or run for long, you would have to switch to a job while sitting.

Only those who can work less than three hours a day is the definition, is unable to work. Those who meet this requirement also get money from the state. However, there is only the disability pension if you have paid compulsory contributions to the pension insurance for at least three years before the situation occurred – for example.

People who can still work three, but not six hours, receive a pension due to partial disability. The full pension height is around 1,000 euros net. However, this is only enough if your own living costs are very low or other people in the household continue to do a job. That is why it is worth protecting beyond the statutory level for most, even if the core prerequisites for a payment are the same in the event of incapacity to work.

A completely different way of hedging is Dread Disease Insurance. In this, people cannot generally assure themselves against professional or disability, but only against individual or groups of diseases. This includes, for example, cancer, but also a stroke and heart attack. The most common reasons for a loss of work such as back diseases (skeletal disease) and mental illnesses are usually not covered.

The insurance pays if one of the disease contained in the policy is diagnosed, regardless of whether the person concerned can therefore still work or not. In contrast to the BU and EU, there is no pension here, i.e. no ongoing payment, for example, for example until the actual entry into the retirement pension, but a one -off payment. The insurance is therefore only worthwhile in a few cases and if the EU and BU have rejected you.

As the name suggests, the insurance only secures a person’s basic skills. These include senses such as seeing and hearing, but also basic human skills such as speaking, lifting or bending down. Which physical and mental skills the insurance covers exactly depends on the respective policy and the insurer. So if you want to complete, you have to look closely.

The question is also important: when does the insurance company pay? So: From which degree of restriction does the ability for insurance be lost? For example, if you have to bend a lot and lift yourself in the craft, you can be unable to work. However, the policy could only apply if the person can no longer raise anything. Applicants must very carefully read the small print and weigh whether this is worthwhile for your individual case and work at all.