Survivor’s protection
Your ITP occupational pension includes insurance coverage for your closest family members, which is either automatically included in your ITP plan or can be added on. There are different types of coverage in this context and they are referred to as survivor´s protection. Certain survivor´s protection policies only apply for as long as you are working for your employer, but others may be valid for a longer period.
How the different types of survivor’s protection apply
Survivors pensions that are included with other policies: Occupational group life insurance, TGL, which is paid as a lump-sum to your closest family member(s) when you die. ITP 2 Family pension is a survivor´s pension which is included if you have an ITP 2 Occupational pension and if your monthly salary is SEK 46,844 or higher, but you can choose to remove this survivor’s pension. The pension is paid to your family monthly after you die.
Survivor’s pensions that can be added: Repayment cover, which means that your family will receive a portion of the pension capital remaining in your ITP 1 Retirement pension or ITPK when you die. ITP Family cover, which provides your family with a certain monthly sum if you die before you reach 66 (ITP 1) or 65 (ITP 2).
Choose the correct coverage for your family
Contact Avtalat if you would like to add or remove survivor´s protection.
| Survivor´s protection | Who receives the money? | Who can have the protection? |
| Occupational group life insurance, TGL | Firstly, your spouse or registered partner (not your cohabitant). Secondly, your children, and then your parents. |
Is included if you are working and have the occupational pension ITP. |
| Repayment cover | Firstly, your spouse or registered partner, or cohabitant. Secondly your children, irrespective of their age. |
You can add a repayment cover to your ITP Retirement pension and ITPK. |
| ITP Family cover | Firstly, your spouse or registered partner, or cohabitant. Secondly your children, irrespective of their age. |
You can add a family cover if you are working and have the occupational pension ITP. |
| ITP 2 Family pension | Your spouse or registered partner (not your cohabitant). If you have children under 20, they may also benefit from your family pension. |
Is included if you have the occupational pension ITP 2 and a monthly salary of SEK 46,844 or higher. |
Three tips about survivor´s protection
- Make sure you have an overview of the protection you have
On My pages you can see what coverage you have with us. Your latest annual statement from Avtalat gives you an overview of all of your compensation and the amounts in your occupational pension. - Select or remove coverage depending on your personal situation
If you have a family who is dependent on your income, you may wish to increase your coverage and add repayment cover and ITP Family cover. There are also cases where you may wish to remove unnecessary coverage, for example once your children have reached adulthood or you are nearing retirement age. This, then, increases your own pension benefits. - Decide who will receive the compensation
Write a beneficiary clause and decide who will receive the compensation when you die. If you have not written a beneficiary clause, the compensation is paid out to survivors according to the standard order of beneficiaries.
How to change the designated beneficiaries
You may write a special beneficiary clause if you wish and decide yourself who will benefit from your Occupational group life insurance, TGL, repayment cover and ITP Family cover.
You can find the form to complete if you wish to change or add beneficiaries for your survivors protection on the Avtalat website www.avtalat.se.