If you have ITP or a similar pension plan (BTP, FTP, PPA-07), through your employer, you can decide how some of the money shall be invested in order to increase in value. ITP is an abbreviation for the Industry and trade additional pension. Every month your employer pays the premium.
You can also choose a Family cover with Bliwa Livförsäkring which will give a pension to your family if you die before you have reached 65 years of age.
Below you find more information about Family cover.
What is Family cover?
Family cover is a pension which will be payed out to your family if you die before 65 years of age. After the death the family will each month during five years get a pension from Bliwa Livförsäkring.
How large is the pension?
You can choose between two levels: 1 increased price base amount or 2 increased pricebase amounts. If you choose Family cover with 1 increased price base amount it means that the family will get a pension corresponding to 1 increased price base amount per year. 2012 the increased price base amount is SEK 44,900. The pension will then be SEK 3,742 per month before taxes. If you choose 2 increased price base amounts your family will get the double, SEK 7,483 per month before taxes.
How much does the Family cover cost?
The fee for the Family cover will be withdrawn from the ITPK-premium. Note that you do not have to pay any money yourself. If you choose Family cover with 1 increased price base amount, SEK 48 will be withdrawn each month from your ITPK-money. If you choose 2 increased price base amounts, SEK 96 will be withdrawn (2012).
Who will get the pension if I die?
The pension will automatically be payed out to your spouse, registrated partner or cohabitant in first instance and to your children irrespective of age in second instance. If you want another beneficiary, look at the section Blanketter och villkor Pensionsval.
Can I choose both Family cover and repayment protection?
Yes. The Family cover is an extra pension which your family will get if you die before 65 years of age. The repayment cover means that the family will get your ITPK-pension if you die.
Is there a reason not to choose Family cover?
If you are single and have no children you have no reason to choose Family cover. You can change your choice later, but then an approved health declaration is needed.
More information
This is a summarised information about Collectively Agreed Family Cover. More information could be obtained from the Customer Services Department of Bliwa Livförsäkring, tel. 08-696 22 80 or by e-mail: kund@bliwa.se.
Processing of personal data
Bliwa Livförsäkring's business is group insurance. Its operations are supervised by the Financial Supervisory Authority (Finansinspektionen). Bliwa Livförsäkring bears the main responsibility for processing of personal data. The data are used to manage the policy and for purposes that are necessary for the insurance operations - such as calculation of premiums, claims settlement and statistics. The data are treated as confidential in accordance with Bliwa Livförsäkring's ethical rules.
Information about addresses and information about the insurance policy are processed in an insurance register for efficient administration, information and certain marketing.
When ordering excerpts from Bliwa Livförsäkring's register, please write to: Registerutdrag, Bliwa Livförsäkring, Box 5125, 102 43 Stockholm.
In case of errors in registered data, please contact our Customer Services Department by tel. on 08-696 22 80 or by e-mail: kund@bliwa.se.