overlijdensrisicoverzekering
| 14:55 Nov 17, 2017 |
| Dutch to English translations [PRO] Bus/Financial - Insurance / Collectief werknemerspensioen offered to a Dutch B.V. | |||||||
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| Summary of answers provided | ||||
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| 4 +1 | term life insurance |
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| 3 | death-in-service cover; death-in-service insurance |
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| Summary of reference entries provided | |||
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| Woordenboek Verzekeringsbedrijf [Kluwer/Vermeij] |
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| Discussion entries: 3 | |
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Answers
38 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1term life insurance Explanation: ...is the obvious go-to. May differ based on your target audience, which is merely determined by country and whether the company offering said insurance product has a company-specific name for it. It's quasi synonymous with "whole life insurance", but you need to determine specifics of the insurance product to make that call. If you don't have the resources to do this, start here: https://www.nerdwallet.com/blog/insurance/what-is-the-differ... |
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1 hr confidence:
| overlijdensrisicoverzekering [context: collective pension plan/scheme] death-in-service cover; death-in-service insurance Explanation: Perhaps the below examples also apply in your context. Death-In-Service Cover provides a lump sum benefit should an individual die whilst employed by your organisation. They do not have to die while at work, or as a result of a work activity, they just have to be on your payroll. https://www.honigenhonig.nl/collectieve-overlijdensrisicover... This can be a valuable benefit, but some employers are more generous than others and this can be an added attraction to help attract and retain staff. Often, the cover is linked to the company pension, so you would have to be a member of the pension scheme to qualify for any death-in-service pay out. https://www.proteanrisk.com/insights/2016/why-provide-death-... The problem arises in relation to death‐in‐service benefits which are provided through a registered pension scheme. These can normally be paid to beneficiaries of a deceased scheme member free of tax, but when added to the value of the accrued fund they could push the total over the limit and result in the 55% tax charge. http://www.goldbergsteele.co.uk/downloads/newsaugust2014.pdf If you are considering starting a pension, find out whether your employer runs a scheme and whether you are eligible to join it. As most employers make a contribution towards an employee's pension, a workplace pension scheme is a great perk. Workplace schemes also tend to have add-on benefits of life insurance (sometimes called death-in-service benefits). https://www.theguardian.com/money/2001/aug/15/savingforretir... Pension scheme death benefits Types of death benefits Death benefits can be paid on death in service, death in deferment and death in retirement and will vary depending on scheme design and on whether the scheme is a money purchase scheme or a defined benefit (DB) scheme. https://uk.practicallaw.thomsonreuters.com/w-006-9777?origin... -------------------------------------------------- Note added at 2 hrs (2017-11-17 16:59:47 GMT) -------------------------------------------------- Assuming this is about a 'collectieve overlijdensrisicoverzekering', see also the following links: https://www.honigenhonig.nl/collectieve-overlijdensrisicover... https://www.generali.nl/pensioen/collectieve-overlijdensrisi... https://www.befrank.nl/werknemer/waarom-heeft-je-werkgever-v... -------------------------------------------------- Note added at 2 hrs (2017-11-17 17:06:18 GMT) -------------------------------------------------- http://docplayer.nl/2151008-Collectieve-overlijdensrisicover... -------------------------------------------------- Note added at 2 hrs (2017-11-17 17:12:36 GMT) -------------------------------------------------- https://www.uswitch.com/life-insurance/death-in-service-cove... |
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Reference comments
1 hr |
| Reference: Woordenboek Verzekeringsbedrijf [Kluwer/Vermeij] Reference information: At the risk of adding to the confusion... Vermeij renders 'overlijdensrisicoverzekering' as 'life assurance'. |
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