I would like to present a short description of the often widely underestimated asset "own labor".
In the simple calculation of an average earned income without inflation, salary increases and other changes, one quickly reaches a sum of far more than one million euros.
How high is the risk?
While the insurance case for a car with a value of ca. 30.If the risk of losing one's own working capacity amounts to approximately 1:25, this "dearest good" is often insured at a very high level. 1:5, but with the ca. 40 times the value.
Often 600-800 Euro per year are paid for car insurance (note: SF class of a 27 year old), while need-based insurance of the working capacity would often be even cheaper.
What do the statutory benefits look like?
Normally, each employee receives 100% continued payment of wages for six weeks. After that, the sick pay insurance of the GKV comes into effect, which for a normal earner is approx. 70% of the income continues to pay, this for at most 72 weeks. In case of disability, the full pension for reduced earning capacity from the statutory pension insurance amounts to only approx. 40% of the full income. In the case of a half reduction in earning capacity pension this would be only approx. 20%.
How is the legal reduction in earning capacity defined??
The Social Security Code (SGB) Sixth Book (VI) §43 states that the person who works less than three hours a day of gainful employment (please note: not the learned profession, but only a gainful activity) receives the full reduction in earning capacity pension, which is then ca. 40% of the gross wage.
Should this person still be able to work three to six hours, only half of the reduced earning capacity pension will be paid, which is approx. represents 20% of the gross wage.
If this person can still perform any gainful activity for more than six hours, there is no pension.
Where is the difference to an occupational disability insurance??
The occupational disability insurance pays an insured pension, as soon as this person can no longer exercise his practiced profession to at least 50%. (assumption here, standard market rate)
The difference to the legal care is that here the occupation, the social reputation, the esteem and the income are also taken into consideration. This is not the case with the legal reduction in earning capacity supply from the legal pension insurance.
Who can be affected?
In the cases known to us, the tax consultant is affected by severe psychotic disorders with inpatient stays, as well as the wheel loader driver with colon cancer, the tax office inspector with depression or the construction technician with a brain hemorrhage. Causes can be very diverse.
Although diseases of the musculoskeletal system have declined sharply in recent years, causes such as psyche and cancer have increased enormously. Accidents, whether private or professional, still account for approx. 10% of all cases.
The insurance does not pay anyway!
With all reputable companies, far more cases are accepted instead of rejected. With the refusals two points are very crucial. The breach of the duty of disclosure and the lack of cooperation account for more than 50%.
This means that the application was swindled, even out of ignorance, or that the agent did not provide the correct information. The lack of cooperation is characterized by the fact that examinations are not carried out, documents are not submitted, etc., i.e. the insured person does not cooperate in the examination.
In addition, a large number of applications are often withdrawn again.
In the end, it can be said that it is often up to the mediator as well as oneself to receive justified benefits. Furthermore, the importance of disability insurance must be emphasized again and again. It is just as important as private liability insurance.
