Whole life insurance Provide for family members in your home country

"I've worked in Switzerland for two years and have a good income – now I'd like to make financial provision for my family back home in case anything should happen to me. What should I do?"

Those who move to Switzerland for work rarely lose all of their connections to their home country.

In many cases, only some of the family makes the move too. Newcomers like you then contact Thomas Kohler and Peter Renggli. These two pension experts at the Schwyz-Uri general agency explain clearly and simply to their customers in a personal discussion how they can provide for family members back home.


Set up insurances

Daniel Ahmeti and his team of professional insurance advisers at Helvetia are here to offer comprehensive insurance advice tailored to the needs of international people living in Switzerland.


Pension shortfalls in the event of a newcomer's death

If a newcomer to Switzerland dies, the result may be a considerable pension shortfall. Only minor or possibly even no financial benefits can be expected for family members back home.

This is because financial benefits come from either the first pillar, with OASI and disability insurance (DI), or from the second pillar, the pension fund. This is mainly because people who have only recently started work in Switzerland have only been paying contributions to these social insurance schemes for a short time. Due to this reason, they have either only partial or no claims to benefits.

Whole life insurance offers a simple and cost-effective possibility of providing for your family members who need financial support. To a large extent, you can define the terms yourself depending on your needs:

Decide on the beneficiaries: You decide who the beneficiaries are and who will receive the benefits in the event of your death.

Determine the premium: You can determine the amount of the premium, and as a result, the benefit.

Of course you must always comply with the tax-related requirements of your home country, as well as with inheritance provisions.

Provision in the case of illness

Making financial provision is a good idea, not only for family members back home, but also for loved ones who have moved to Switzerland with you.

Thomas Kohler and Peter Renggli pay particular attention to the financial situation in the event of disability.

This includes an analysis of the benefits to be expected from social security and the regulations of your pension funds shows whether – in the event of earning disability – your income would suffice to maintain the usual standard of living for you and your family. Considerable income shortfalls are a risk, in particular in the event of illness.

Get connected with specialized insurance and pension advisors

Thomas Kohler and Peter Renggli are insurance and pension advisors. They work at Helvetia's Schwyz-Uri general agency and specialize in advising newcomers.  

Thomas Kohler
+41 58 280 64 78


Peter Renggli
+41 58 280 64 82


Do you have questions about insurance?

Get connected with Hello Switzerland's Relocation Helpline on +41 58 356 17 77 or at helpline@helloswitzerland.ch and get professional, quality advice about not only the compulsory insurances you need in Switzerland, but also about additional insurance and pension solutions ideal for expats in Switzerland.

Author: Helvetia Insurance

Helvetia offers an extensive product range for immigrants and covers all insurance requirements. You can rely on our in-depth expertise and personal service in any situation and for a wide variety of topics. Visit our website for more information and to get in touch with one of our advisers.

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