Pension and insurance are two sides of the same coin. The insurance is a safety net for you and your family while you are in your working age.

Insurance

In Denmark, we have a public financed social safety which guarantees a certain income. To maintain an average standard of living after retirement or in case of loss of job capability, however, most people take out insurance with additional coverage. We can inform you of insurances that provides financial safety to you and your family in case of death or loss of job capability.

Pension

With a pension plan, you can choose to receive regular installments or a lump sum the day you retire. There are different options with different advantages:

• Age saving plan - paid out as a one-time payment or in smaller payments over a period of up to 15 years after retirement.
• Installment pension plan - paid out in installments for a minimum of 10 years and a maximum of 25 years after retirement.
• Life-long annuity - paid out for the duration of your life after retirement.