Which of you has disability insurance?

I should have finished by about 28. The contribution is now nearly 28 EUR and was initially maybe around 24.50 EUR or so. However, I am not familiar with the details and now fear that the policy is rubbish.

I also don't know if this model is common: pay for 5 years first without having a claim if something happens. Maybe it made it cheaper? In any case, these 5 years should be coming to an end soon.

So I don't have the issue with the startup time. I pay about 60 euros for a payout of 1750€ per month.

I must have finished around 28. The contribution is now just under 28 EUR and was initially maybe around 24.50 EUR or so. However, I am not familiar with the details and now fear that the policy is crap.

I also don’t know if this model is common: pay for 5 years first without being entitled to a claim if something happens. Maybe this made it cheaper? In any case, these 5 years should be ending soon.

That is indeed an unusual clause. Waiting periods are otherwise known from health or legal protection insurance.

From what percentage and minimum duration of occupational disability does this insurer provide benefits in your tariff?

When changing insurer or tariff, the premium is calculated based on the new entry age and a renewed health check.

I myself have two disability insurance policies. The first one I took out relatively young (somewhere between 20 and 23). It is combined with a life insurance. If I would do the combination again now - I don’t think so. Positive about it: The life insurance has a guaranteed interest rate of > 4%. A disadvantage of the old insurance is the abstract referenceability, which was standard back then.

When it came to building the house, I took out an additional risk disability insurance because the coverage of the old disability insurance would not have even covered the mortgage payment.

Just for fun, I calculated online. To insure 75% of my net income, I (born 1972) pay over 2,000 per year (with the cheapest offers - no idea which benefit components might be missing)! For only insuring 1,000 € per month, I don’t need the insurance - that would not get me far in case of emergency.

I also made an online comparison with your age just for fun. Since I don’t know how high 75% of your net income is, I simply insured 2,000 (100% salaried office worker, non-smoker, bachelor’s degree from a university of applied sciences [no idea if that’s correct]). It comes to 780 euros. The only thing that probably lowered the price a bit is that I limited the term to the 63rd year of life. Then, as far as I know, you can enter the regular retirement pension. At an end age of 65, it would cost you 955 euros.

So either you really earn a lot , or you have a number of risk factors included (which, as far as I know, cannot be entered in an online calculator, e.g. health). But I only named the cheapest insurance now and did not look at clauses.

From what percentage and minimum duration of occupational disability does this insurer provide benefits in your tariff? When changing insurer or tariff, the premium is calculated with the new entry age and a renewed health check.

I would have to look up the former. The latter means that moving to another insurer ultimately means cancelling with A and signing a new contract with B, so it is not really a move.

Well, I personally definitely need to read the fine print and then see whether the policy is actually any good or if I fundamentally need to change something. I now have the suspicion that I was sold a bad deal when I compare my monthly rate with yours.