The inability to work insurance is the branch of the insurance against invalidity most well-known in Germany. It can be locked also as additional insurance (inability to work additional insurance, BUZ) to a life insurance, which due to deviating resetting regulations can be quite more inexpensive.

Generally the term inability to work insurance an private-economical insurance is named, however there is the term of the inability to work insurance also in the context of the legal old age pension insurance. This seizes however only for persons, who are born before 01 January 1961. The insurance against invalidity the disability beside the inability to work insurance, which basic ability, becomes, which Dread Disease and the private and legal accident insurance counted, which have different developments in your conditions however.

Achievements

The inability to work insurance pays an agreed upon inability to work pension to the insured one, if it cannot exercise the agreed upon occupation for health reasons of physical or psychological kind any longer.

Contract design

• The age, up to which the inability to work pension is maximally paid, can do with the tariffs offered today usually at most up to to completed 65. Lebensjahr to be agreed upon.
• The insured occupation for which is agreed upon the protection. Even if for the layman a painter is equal to a painter, then the insurers up to 30.000 different occupation classifications differentiate. For the occupation of the painter are this nevertheless more than 160 fine gradations. For occupations with higher risk (occupations e.g. relating to crafts, in addition, teacher) becomes usually the according to tariff permissible period of insurance up to completed 55. or 60. Lebensjahr limited or maximum insurance borders are specified. Who insured the wrong occupation, offends thus possibly unknowingly against the acceptance guideline of the insurer and endangers its insurance protection, since the insurer could contest because of mistake.
• Deviating from it the period of insurance can be specially agreed upon with most offered tariffs: It describes the age, up to which the accident must occur, in order to have a performance demand opposite the insurer. So can do for example a period of insurance up to 55. Lebensjahr and a Leistungsdauer up to 65. Lebensjahr to be agreed upon. If the insured person in this example with 54 becomes unable-to-work, then for the experiencing drop achievements the beneficiaries person receive an inability to work pension up to 65. Lebensjahr of the insured person disbursed. If the inability to work occurs only with 56, no achievements become due.

Falling apart insurance and Leistungsdauer leads to substantial contribution reductions and is suitable therefore particularly for occupation A RISERs. The contribution deduction is bought however to a high risk, because straight in the years before the pension rises the probability of the inability to work above average. Good societies offer therefore so-called a riser models, with which at the end of the original period of insurance the contract without renewed health examination can be extended. For handicapped humans there are problems an inability to work insurance to lock.

General conditions of insurance (AVB)

Since the Deregulierung of the German insurance market 1994 come to general conditions of insurance (AVB) in the context of the private-economical inability to work insurance in Germany special meaning: In no other branch of insurance such a intensive competition of the offerers on basis of the AVB takes place. The qualitative differences are important, so that the pure premium comparison only one reference point for the selection of the most favorable insurer offers. Although Rating agencies evaluate the individual conditions and offer a reference point, each customer must make itself a picture, since the Rating judgements are also only subjective opinions of the Rater. Between Rating agencies and insurance companies exist business relations, which can affect possibly also the Ratingergebnisse.

For insurance customers this development led to extended covering promises, which for itself a good message is. The drawback the medal could show up however in some years only still if the insurers must actually furnish the promised achievements. The extended covering promises could have been given in individual cases without appropriate statistical calculation, because for example for again accepted risks (e.g. terror covering) the statistic bases are missing. At the same time many offerers in the condition competition did without their right for ("§ 172 exp. 1 VVG), in order to offer to the customer the security of a firm contribution. If the risks are actually not calculated sufficient, the insurers concerned cannot intercept the increased costs by which can lead with large contract existence up to the inability to pay of the insurer. By the taken into account Sicherheitsmargen this is however extremely improbable and also over the catching solution "“tread"” would then be caught, so that for the customers no risk exists. A view of the financial power the insurer can be helpful here. Also for this there is independent Ratingagenturen.

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