The protection offered by society in the event of death is limited. It may therefore be necessary to reinforce this protection, for example so that your family can afford to continue living in your home or co-op housing in the event of your death.
Life insurance
If you die during the insurance period, a lump sum is paid out in the form of death compensation to beneficiaries. The insurance policy can be taken out by members and co-insured persons.
Children's group life insurance
This insurance applies to your inheritance-entitled children. It can also apply to an inheritance-entitled child of your spouse, registered partner or cohabitant, if the child is registered at your address. The policy is valid up to and including the calendar year the child turns 18.
If your child dies, SEK 40 000 is paid out as a funeral grant.
Limitations
There are certain situations when life insurance is limited or does not apply at all.
Important to consider – Limitations
- Age/Health – Your sum insured and compensation may be lower at an older age or reduced for health reasons.
- Multi-child birth – if more than two children die within four weeks of birth, we pay a maximum of two lump sums per child group life insurance.
- Suicide – If the cause of the death is suicide and it has been less than a year since the insurance came into force, the insurance only applies if we can assume that it was taken without thought of suicide.
- Other – Gross negligence, stay abroad, criminal activity, terrorist activity, war or nuclear reaction may limit the right to compensation.
- Special limitation in the insurance policy’s validity – to be entitled to compensation for an insured claim that is a consequence of illness, pathological change or other bodily injury that has emerged or occurred before the insurance policy or extension thereof has become valid, the insurance claim must have occurred at the earliest after the insurance policy or extension thereof has been in force for at least twelve months. For consequences of illness, pathological change, or other bodily injury – both direct and indirect – the time limit of twelve months, the underlying illness or symptoms thereof apply. For illness, pathological change, or other bodily injury, the point at which these are considered to have manifested is when the first medical care contact was made due to the symptoms of the illness, the pathological change, or the bodily injury. The limitation does not apply if your insurance cover is started in connection with joining the group entitled to insurance or in connection with another starting offer. Neither does the limitation apply if the insurance has been taken out with a special health assessment.
Our insurance terms and conditions
Here you can download insurance terms and conditions. You can read in detail what applies to the insurance. For example, you need to do this before you take out the insurance and when you have suffered an injury.