Changes in your life

What to check

• Are the beneficiaries on your life policies the people you want today?
• If one income were missing, would the other cover the household’s costs?
• Is any health cover duplicated, or is there a gap no policy covers?

What to have ready

• The policies each of you has: life, health, accident, savings
• Any statement from a provident fund or a group plan at work

My yearly insurance check (PDF)

What to check

• Is your life cover enough for the years until the child is independent?
• Can the child be added to your health plan, and from when?
• Would you like a plan for the child’s studies to start early?
• Do the beneficiaries need changing?

What to have ready

• The life and health policies you already have
• A rough monthly household income and the main costs

What to check

• Does the cover match the balance and term of the loan?
• With two borrowers: must both be insured, and for what amount?
• The bank’s cover pays off the loan; does your family need something more for its income?
• Depending on age and amount, health questions or tests may be needed: allow time for them

What to have ready

• The bank’s loan offer: amount, term, instalment
• The life policies you already have

Mortgage: what the bank asks for (PDF)

What to check

• What cover did you have through your previous job, and what does the new one offer?
• What happens to your provident fund when you change employer?
• If you become self-employed: how would you pay your bills if you stopped working for a few months?
• Are you starting, or carrying on, saving for retirement?

What to have ready

• The yearly provident fund statement
• The details of the new job’s group plan, if there is one

What to check

• Are you entitled to GESY in your case?
• What private health cover does your residence permit ask for?
• If you buy a home with a loan: what life cover does the bank ask for, and will it accept a policy you already have?
• How will your pension be topped up for the years you work here?

What to have ready

• The current list of documents for your residence permit
• The policies you have from your home country

What to check

• When and how does the education plan pay out: in one sum or in instalments?
• Does your health plan cover the child while studying abroad?
• Do the beneficiaries or the amounts need changing?

What to have ready

• The papers of the education plan and of the health plan

What to check

• When do your pension and savings plans mature, and what are your choices: a lump sum or regular income?
• What happens to your group health plan at work when you retire?
• How much income do you want in retirement, and how much is missing?

What to have ready

• The yearly provident fund statement
• Your statement from Social Insurance about your pension
• The papers of your pension and savings plans

What to check

• Are the beneficiaries on your life policies the people you want today?
• Who pays which policy from now on?
• Is the cover enough for the children, and for the years they need it?

What to have ready

• Every policy that concerns you and the children

My yearly insurance check (PDF)

What to check

• Tell the insurer as early as you can: many policies have deadlines
• Keep copies of everything you hand in
• If they were my client, call me before you send the documents and we will go through them together

What to have ready

• The policy number
• The death certificate and a medical certificate of the cause of death
• The beneficiaries’ ID documents
• If no beneficiaries were named, the inheritance or estate papers that will be asked for

Documents for a claim (PDF)