Personal Insurance

Guarantees that you will be financially covered in case your ability to work is reduced by 50% for more than three months.

• The coverage depends on your salary. You can choose coverage between 40% to 80%.
• Vocational disability coverage for managers, senior managers, and directors.
• The coverage is paid every month until you can work again or until expiry in accordance with your pension plan, and the amount is taxed as earned income.

> Read more about reduced ability to work

Guarantees that you will receive a sum of money if you are taken critically ill, e.g. by cancer.

• The basic coverage is DKK 200,000. You can buy additional coverage up to DKK 750,000.
• Tax-free one-off payment.
• The premium income is taxed as earned income.
• The basic coverage also includes your children if they satisfy the definition of “children” as defined by PFA. Children are defined as your biological children, stepchildren and adopted children if they are still living at home (the same officially registered address as you) and are under the age of 24.
• Critical Illness coverage for your children (up to age of 24): Your children will receive DKK 100,000 as well. You can buy additional coverage up to DKK 750,000.

> Read more about critical illness

     Life insurance

Guarantees that your closest surviving relatives get paid an amount in case of your death, regardless of it involves illness or accident.

• The basic coverage is 300% of your annual salary with the possibility of buying additional coverage up to 800%.
• The taxation depends on the way of payment: earned income taxation or tax-free (tax-free is the default). 
• The life insurance is paid automatically to the nearest relative(s) unless you complete the beneficiary form below. 

> Change your beneficiary at My PFA

> Read more about life insurance

If your children are under the age of 24 and you die, the children’s pension guarantees that your children will get paid a fixed, monthly amount for a period.

• The payments are considered earned income to the child and are being taxed accordingly. Children are defined as your biological children, stepchildren and adopted children as well as your cohabiting partner’s biological children, stepchildren and adopted children if they are under the age of 24. They do not need to be living at home.

> Read more about children's pension