What is the death lump sum? When will it be paid and who will benefit from it? You can find out more about this and how you can appoint certain groups of people as beneficiaries yourself here.

In the event of the death of an insured person before receiving a pension and before reaching the normal retirement age, the existing retirement assets are paid out as a lump sum payable at death. If the pension plan provides for an additional lump sum payable at death, this is paid additionally and independently of other death benefits.

The survivors of the insured person are entitled to the lump sum payable at death and the additional lump sum payable at death according to a certain order of precedence. The order of precedence is laid down in Profond’s pension regulations and can be seen in the Information sheet “Lump sum death benefit”.

As an insured person, you can change the order of precedence of certain beneficiaries or benefit individuals within a group of beneficiaries with different shares. To do so, we need a written notification. The easiest way is with the form “Order of beneficiaries for lump sum payable at death”. Remember to resubmit your beneficiary order if your life situation changes – e.g. due to the birth of children – and you want to benefit other people.

Your options

I am single without children

Without adjustment:
If you do not have children, a spouse or life partner, your parents will be considered first and then your siblings. Parents belong to group 4, siblings belong to group 5.

  • Each parent receives 50% of the lump sum payable at death; siblings receive nothing
  • If only one parent is alive, that person receives 100% of the lump sum payable at death
  • If your parents are no longer alive, your siblings receive the lump sum payable proportionately

Your options:
You can use the form to determine whether your parents or siblings should be considered first. You can also specify how the lump sum payable at death is divided within the chosen group, for example 50% each to two siblings.

  1. Should your siblings be considered instead of your parents? 
    If yes, swap the order of groups 4 and 5.
  2. If the lump sum payable at death is not to be distributed proportionately, divide it between your parents or siblings as a percentage (e.g. 15%. 15% and 35%, 35%). 
I am single with children

Without adjustment:
Your children entitled to an orphan’s pension are part of group 1. Children not entitled to an orphan’s pension, such as adult children over the age of 25, belong to group 3. The capital will be allocated to group 1.

  • Children entitled to an orphan’s pension (under 18 years of age, or under 25 and in initial education) receive the lump sum payable at death on a pro rata basis
  • If, among several children, one is over 25 years old and the others are younger, the child over 25 receives nothing
  • If all children are no longer entitled to an orphan’s pension, the lump sum payable at death will be divided proportionately

Your options:
You can decide which children should be taken into account and in what proportions, and combine groups 1 and 3 or change the order (so that group 3 receives the entire retirement assets).

  1. Should all children be considered, regardless of age? 
    If yes, then combine groups 1 and 3.
  2. If the lump sum payable at death is not to be distributed proportionately, then divide it among your children as a percentage (e.g. 30% and 70%). 
I am married and have no children

Without adjustment:
Your spouse belongs to group 1 and therefore has priority entitlement. Spouses also automatically receive a pension in the event of death; the lump sum payable at death is an additional benefit if the conditions are met.

  • Your spouse will receive the entire lump sum payable at death

Your options:
If your spouse is to receive the lump sum payable at death, you do not need to make any adjustments. If you want to include your parents or siblings in addition or instead, you can combine group 1 with another group or move it to the back. You can record the desired split in the form using clear percentages.

  1. Should only parents or siblings be considered? 
    If yes, swap the order of groups 1, 4 and 5
  2. Should parents or siblings be considered in combination with your spouse?
    If so, combine group 1 with groups 4 or 5.
  3. If the lump sum payable at death is not to be distributed on a pro rata basis, allocate it as percentages between your spouse, your parents and your siblings (e.g. 20%, 40% and 40%). 
I am married and have children

Without adjustment:
Your spouse and children entitled to an orphan’s pension belong to group 1. Adult children who would no longer receive an orphan’s pension are part of group 3 and are excluded by a higher-priority group as long as the order of priority is not adjusted.

  • Your spouse and your children entitled to an orphan’s pension (under 18, or under 25 and in initial education) receive the lump sum payable at death proportionately

Your options:
You can set the proportions between spouse and children. If adult children, or children who later cease to be entitled to an orphan’s pension, are to be included, group 1 can be combined with group 3. The form explicitly allows married persons to allocate a fixed share to all children, regardless of their orphan's pension status.

  1. Should your spouse receive all the lump sum payable at death?
    If so, make a note that this person should receive 100%.
  2. Should your spouse and children receive it? 
    Then split it on a percentage basis between your spouse and your children (e.g. 80% and 10%, 10%). 
  3. Should children be considered regardless of age? 
    If so, combine groups 1 and 3. If the lump sum payable at death is not to be distributed proportionately, then divide it as a percentage.
     
I am in a life partnership and have no children

Without adjustment:
If you are not married, you can register your partner with Profond. Your life partner belongs to group 2 for the lump sum payable at death.

  • Your life partner receives the entire lump sum payable at death.

Your options:

If you have registered your life partner with Profond, you cannot allocate the lump sum payable at death to your parents or siblings. This is because, according to the law, group 2 cannot be combined with other groups or given lower priority.

I am in a life partnership and have children

Without adjustment:
Children entitled to an orphan’s pension belong to group 1, and your life partner belongs to group 2. Because the higher group excludes the following group, children entitled to an orphan’s pension are generally taken into account before your life partner.

  • Children entitled to an orphan’s pension (under 18 years of age, or under 25 and in initial education) receive the lump sum payable at death proportionately
  • If your children are no longer entitled to an orphan’s pension, they belong to group 3. In this case, your life partner receives the entire lump sum payable at death. Unfortunately, it is not legally possible to combine your life partner with children who are not entitled to an orphan’s pension.

Your options:
If both your children entitled to an orphan’s pension and your life partner are to be taken into account, you can combine group 1 and group 2 and set the proportions.

  1. Should both children entitled to an orphan’s pension and your life partner be taken into account?
    Combine groups 1 and 2. If the lump sum payable at death is not to be distributed proportionately, divide it as a percentage (e.g. 30% and 70%).
  2. Should only your life partner be considered?
    Then place Group 1 behind Group 2.

Complete the order of beneficiaries

Explanatory video (available only in German)

Profond bietet Ihnen einen einmalige Absicherung im Todesfall