You can achieve a lot more than you think: Life insurance offers the best opportunity for planning your financial future. So that there’s always enough money – for you and for the people you care about.
If you want to save money with a goal in mind, to invest a lump sum sensibly, or finance residential property, life insurance is to be recommended. At the same time, you can insure your financial future and that of your family or others, and also improve your financial situation in old age. And you can choose the features that are important to you on an individual basis. This gives you a considerable choice of possibilities in planning your personal financial future.
There are two types of Pillar 3 pensions: the tied pension (Pillar 3a) and the flexible pension (Pillar 3b): Generally speaking, we recommend a combination of the two types.
The federal government supports Pillar 3 with attractive tax benefits.
Pillar 3a in particular is considered to be a sensible measure for tax optimization.
Tax advantages of Pillar 3a:
Tax advantages of Pillar 3b:
The policy was signed before the insured person's 66th birthday.
The insured person has reached age 60 when the amount is redeemed.
The policy is redeemed at the earliest after 5 years.
The policyholder and the insured person are identical.
The beneficiary is defined as the person who should receive the money from a life insurance payout. On maturity and in the event of disability, this is often the policyholder him/herself. On death, family members or persons close to the deceased are generally the beneficiaries.
On concluding a life insurance policy, the policyholder is the person who signs the contract. He/she can specify whether he/she or another person shall benefit from the payout when the contract term ends. This other person is deemed to be the insured person.
The payout of a life insurance policy when the contract term ends is described as a lump sum on maturity. Unlike in the event of death, a maturing policy indicates that the policyholder is still alive.
The security offered by a life insurance policy goes way beyond that offered by a bank account. For life insurance, insurance companies must build up sufficient provisions. Insurance companies are subject to regular checks by FINMA, the Swiss Financial Market Supervisory Authority, to ensure they can still meet their obligations toward their customers.
Life insurance generally offers you an enhanced level of security for your invested capital. For performance-oriented products, the level of the capital payment is guaranteed at maturity, and your capital is invested securely during the term (guaranteed surrender values), with profits being locked in.
The pension gap is the difference between the money you need and the money you receive. Such gaps can arise due to occupational disability following illness/accident or during old age. In the event of death, pension gaps impact the family members or the survivors.
With an integrated exemption from premiums, AXA pays the premiums if you become unable to work as a result of an accident or illness. And this continues until the end of the contract term. You are thereby guaranteed to reach your capital goals. Exemption from premiums is integrated into some products or can be chosen as an option.
Instead of repaying a mortgage directly, it is possible to repay it indirectly. To do this, the money is invested in a life insurance policy in order to build up the necessary capital. This insurance policy is pledged to the mortgage lender (e.g. your bank). When the policy matures, the payout is used to pay off the second mortgage.
Indirect repayment of this nature offers significant advantages: mortgage debt, interest expense and tax deductions remain the same. Furthermore, borrowers will be able to make their payments in the event of disability or death because they are insured.
In order to overcome a financial bottleneck, premium payments can be suspended for one year on up to four occasions. In this case, your coverage remains in effect. The agreed lump sum for payment at the end of the contract is reduced pro rata. In the event of maternity leave, unemployment, travel or training, a premium holiday can make sense.