The decisive advantage is thus readily available capital. Of them, for example, an expensive treatments abroad, reconstruction measures or other purchases could be financed. The decisive disadvantage, but at the same point. Once capital, then no further payments. The disability insurance is a full coverage. This is no matter the reason of occurrence and a full protection is provided for the offence of the disability. But (except for a few tariffs and options), there is no one-off payment, but the payment of a pension until the end of the contract term. The advantage is in a long-term protection and the securing of income over the entire contract period.
The BU pension replaces the current earned income. The ideal product?:… would be a mix of both. If it the financial resources allow, a combination can be selected. For example, a one-off payment of EUR 100,000 to cover expenses of all sudden expenses and to bridge can pension be used to the BU (if because it’s one of the defined diseases). Following appropriate occupational disability insurance should exist yet, so that the running costs are covered. Also for an insured person where the profession can be undefined (self-employed persons who have multiple companies and / or way multi-layered activities, not clearly outline which itself can be), or those who do not get a hedge against the disability due to ill health, recommended an assessment of insurability in the dread disease insurance. This is, however, necessarily pay attention to the appropriate amount of the sum of insured.
For a one-off payment of EUR 500,000 and an assumed interest rate of 3%, the plant a pension (lifelong) from 1,250 EUR per month would be for capital preservation at least. This can be, depending on the age of the insured person, as capital consumption estimate itself. Thus, a universal recommendation cannot be given. You should deal with the protection of the worker or of serious diseases, please consult the best a specialized consultant. Further information: Guide to securing disability eligibility criteria for the disability insurance blog posts around the disability