Basic Ability Insurance in Germany
– Insurance –
Can’t get an Occupational Disability Insurance? Protect your basic abilities!
The Basic Ability Insurance in Germany is something like the little sibling of the Occupational Disability Insurance. It covers basic abilities such as being able to see, hear, sit or walk, and pays a monthly support if you lose one of those (or more). However, it does not cover diseases or mental disorders as such, but only jumps in when a disease led to the loss of a basic ability.
On the plus side, getting the payout is not linked to your general ability to work. So yes, you could have lost a basic ability, but still work in your old job, meaning you’d get both: your normal salary and the payout from the insurance. This makes the Basic Ability Insurance an interesting and considerably cheaper alternative for everyone who can’t get an Occupational Disability Insurance or simply can’t afford one.
fixed monthly payout
secure your basic abilities
increase if necessary
coverage worldwide
FAQs Basic Ability Insurance in Germany
What is a Basic Ability Insurance?
The Basic Ability Insurance is an insurance offered by private insurance companies. It pays an ongoing agreed upon amount per month in case you as the insured person lose one or more basic abilities like being able to see, hear, walk, stand or sit due to a disease or an accident.
How much does a Basic Ability Insurance in Germany cost?
Unlike the Occupational Disability Insurance, the Basic Ability Insurance is not linked to your job and the risks that come with it. This means that premiums don’t depend on the job you’re doing, making this a considerably cheaper alternative for everyone working in an health-impairing industry, like nurses, craftspeople etc. Premiums do vary by age and payout though, so a personal offer is needed.
How do I get a Basic Ability Insurance?
The Basic Ability Insurance is only sold via private insurance companies that collaborate with certified advisors. When applying, you will have to answer some health related questions and do a thorough calculation to figure out the needed sum, so we strongly recommend asking a licensed insurance advisor like us to handle your application.
What happens if my application is neglected?
Being rejected is not common, but neither is it impossible. If one (or more) insurance companies didn’t accept you as a client, you can go for an Accident Insurance instead. Accident Insurances cover long-term disabilities caused by an accident.
Alternatively, you can also try to apply for a Basic Ability Insurance via your employer. For more information on this option, please contact us.
Can I get a Basic Ability Insurance in Germany as an expat?
Of course. You can apply for a Basic Ability Insurance in Germany as soon as you have a legal address in Germany (= Anmeldung) and Germany is your main location of living (= Hauptwohnsitz). The minimum age with our partner ERGO is 6, so you could also have your kid(s) covered. With most insurance companies, coverage is worldwide, meaning you’re also covered if e.g. you have an accident abroad that leads to a loss of a basic ability.
Can I cancel anytime?
Sure, a Basic Ability Insurance can be canceled for any reason and at any time. Cancellation period is usually between 1 and 3 months, though differences may occur. Once the contract is canceled, you would have to go through the application process again if you wanted coverage at any time in the future.
Book your consultation!
We will take a look at your personal risks & budget and match your needs with the right insurance
We will help you with the application and do all the paperwork for you
We will make sure you understand every detail of the insurance contract
We will be your link between the insurance company and yourself – now and in the future
2 – 3 sessions (60 mins each)
detailed analysis of your individual risk factors
personalized plan adjusted to your needs
In-depth explanation of insurance contract
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*Insurances like Basic Ability Insurance in Germany are run by insurance companies that usually sell their products with the help of licensed advisors. Our team members are licensed. When it comes to pensions and insurances, we collaborate with ERGO Lebensversicherung AG. This means the consultation is free of charge and done by one of our licensed insurance advisors, and a commission is paid to us when setting up a pension or insurance.
Your expert
Hello! My name is Verena Metzler. I am a Business Financial Expert and Consultant, holding licenses in personal pension, insurance and investment advice. I am both legally allowed and educationally equipped to help women become financially independent and build the future they wish for.
True independence needs financial independence. This is why Yvonne Bäldle-Agboton, a certified and very driven Career Coach, and I founded FrauFUTURE. Women of all ages and origins, women with smaller and bigger dreams, women with debts or without, women in life crisis and those on top of their career have come to our office. What they all have in common: the desire to take their financial future into their own hands.
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