The number of workers on long-term sick leave is skyrocketing in Belgium: out of 500,000 people affected, nearly 300,000 have no prospect of returning to work before retirement (source:L’Echo). This alarming reality reminds us of one essential thing: no one is immune to an accident or illness that could have a lasting impact on their income.
300,000 people unable to work
until they retire...
What if it were you?
In case of incapacity, touch
€2,000/month*
until your retirement for only
€42/month*
What happens in the event of prolonged incapacity?
Without adequate coverage, prolonged sick leave can have disastrous financial consequences:
- Self-employed workers: statutory compensation is insufficient to cover expenses and maintain a decent standard of living. Without supplementary insurance, personal and professional finances are quickly put at risk.
- Employees: after the period covered by the employer and the mutual insurance company, income can drop dramatically, compromising financial stability.
- Savers: many believe they can compensate for a loss of income with their savings. But without a regular income, these savings can quickly evaporate, jeopardizing life plans and retirement.
Protecting yourself: not an option... a necessity!
Fortunately,there are solutionsto prevent work disability from turning into a financial disaster.
- Guaranteed income insurance: an essential
Guaranteed income insurance allows you to maintain a stable standard of living in the event of prolonged absence from work. Suitable for all statuses, it covers up to 80% of lost income, allowing you to cover fixed expenses (rent, loans, living expenses). - Business owner insurance: protecting your business
For entrepreneurs and self-employed professionals, business owner insurance covers all or part of your revenue in the event of incapacity, ensuring the continuity of your business while providing additional income for the owner. - Secure your savings with premium exemption
In the event of disability, certain insurance policies allow you to continue saving without contributing. An insurance policy with premium exemption ensures that the funds set aside for retirement or other projects remain intact, even if you are unable to work.
Why take action now to protect your income and savings?
Many people think they will have time to protect themselves later, but the ability to insure your income depends on your state of health at the time of enrollment. The longer you wait, the higher the exclusions or additional premiums may be, or you may even be denied coverage altogether.
There is a solution tailored to every situation. Whether you are self-employed, an employee, or a business owner, it is essential to protect your income and savings as soon as possible and in the best way possible.
How much does income and savings insurance cost?
In addition to being essential, disability coverage often costs less than you might think.
Example 1: Income protection insurance
A 35-year-old consultant in good health will pay only €42 per month* to cover a monthly income of €2,000. Whether they fall ill or have an accident, they will receive €2,000 per month during the period of incapacity, and until retirement age if necessary! For self-employed individuals, this premium is also deductible from professional income.
Example 2: Savings protection insurance
A 40-year-old employee regularly saves €1,000 per month with a view to building up additional capital of around €500,000 for her retirement. In the event of temporary or permanent disability, her ability to save disappears and she will not be able to build up the expected capital (in full). By adding the premium waiver option at €24 per month** to her savings plan, her capital is safeguarded, no matter what happens!
There is a suitable solution for every situation. Whether you are self-employed, an employee, or a business owner, it is essential to protect your income and savings as early as possible and in the best possible way.
Would you like to (re)assess your risks and discover the solutions best suited to your profile? Contact an RGF Group expert today and set up tailor-made coverage now!
By Julie G
(*) Disability pension without indexation and with a one-month waiting period – basic rate for a 35-year-old person with no medical history, administrative career.
(**) One-month waiting period, no indexation, base rate for 45-year-olds, good health, "administrative" profession.
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