The sudden disappearance of the main breadwinner will leave a huge gap in the family budget.
Your children are the most important thing in your life. If something happens, you want them to have all their options open still – from an expensive apprenticeship to a long-awaited stay abroad or a costly university degree. They shouldn't have to do without or turn the household budget upside-down to realize their dreams.
The survivors' pension under the first pillar (AHV) is far from generous, even for married couples, with a cap at only CHF 2,520 per month. Often, benefits from the second pillar (BVG) are paid out too. But is that enough to cover all of the expenses? You can increase your loved one's budget today. Extra insurance is recommended if the person left behind cannot return to work quickly or can only earn a meager income.
Married or not, you want to be sure that your partner is provided for. Term life insurance is perfect for this purpose. Cohabiting partners, unlike spouses or registered partners, have no legal right to inheritance. They don't receive a widow's or widower's pension from AHV either, while pension funds (BVG) will only pay benefits if certain requirements are met.
Do you want your family to be free to stay in their home if they want? With a death benefit payment, your surviving dependents can pay off the mortgage in full or in part. Your family can decide for themselves how and where to move forward.
Are you the owner or a partner of a company whose success is heavily dependent on certain individuals? It costs very little for business partners to provide for each other's security and ensure the company's continued existence as a going concern.
It is easy to take out term life insurance.
You can calculate the premium for your desired insurance coverage online.
Discuss your current situation with a specialist to assess your needs and choose the right insurance coverage. This way, your dependents' living costs, mortgages, education costs, and funeral expenses remain manageable.
Are you dependent on another person's income? Consult an expert to insure that person and designate yourself as the beneficiary. Adjust your insurance coverage if necessary. A clear will also helps avoid uncertainties for the survivors.
