More than a retirement pension – worst case protection:
What if everything in life does not go as planned? In a worst case scenario – for example, if you lose your capacity to work or die before starting retirement – it is especially important to protect your family from financial worries. Most often, the benefits from the state pension are not sufficient. This is exactly why term coverage at Mars is an important element of retirement provision.
Three things you should know about term coverage:
- Reduced earning capacity
In case of a reduced earning capacity, you will receive a pension for reduced earning capacity as a basis benefit. This is topped up by a lump-sum payment based on your contributions.
- Extra protection in your younger years
If your contributions have not at least doubled taking into account accumulated interest and the Mars contributions in Step 2, Mars tops up the amount.
- Event of death
Should you die before starting retirement, your spouse, registered common-law partner or your children are provided for. Possible survivors are determined by law.
Reduced earning capacity