Accident insurance often expires in retirement, even though accidents can occur more frequently at that time. Accident insurance has many advantages.
Solid protection against unforeseen events is of great importance, which is why accident insurance is very important. The type of insurance coverage differs between retired people and those who are still working. We will show you which specific aspects could be relevant in your particular life situation and what benefits you can expect.
For older people, one of the most important pillars of accident insurance is not only covering the costs of the accident itself, but above all the care afterwards. If you live alone and have no friends or relatives nearby who can look after you and possibly your pet after an accident, accident insurance offers you suitable support.
If you have sufficient financial resources and a solid and affordable private accident insurance policy, it is advisable to keep it in place for as long as possible. However, please note that in some cases the insurance policy may be canceled, adjusted or benefits reduced from the age of 75.
Seniors need insurance coverage that includes accident-related causes. But not all accidents are the same. Illnesses such as osteoporosis, taking medication and its side effects, or conditions that can cause impaired consciousness or fainting have a significant impact on the risk of accidents and should be appropriately taken into account.
Accident insurance for senior citizens can include these benefits: pension benefits, a one-off capital payment and assistance and care benefits. These include, among others:
A pension benefit is paid out if there is a disability of at least 50 percent. If there is complete disability, the insurance company pays out a one-off capital benefit.
Always answer the questions on the insurance application truthfully and completely, otherwise your insurance cover will be at risk. Some insurance providers do not require a prior medical examination. It is important to ensure that the insurance you have taken out will provide its benefits permanently and unchanged. Insurance cover is usually available to people aged 50 and over, although the highest age for taking out a policy is often 75. However, there are insurers who do not impose an age limit for taking out a policy.
We advise you not to sign contracts that automatically end at age 85. The norm is a notice period specified in the contract, or an automatic contract extension if this is not used.