Does accident insurance make sense when you retire?

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During your professional activity you are legally insured against the consequences of an accident at work. You can take out private accident insurance to protect yourself against the risk of accidents in your free time. Does this still make sense when you receive a pension?

There are very different opinions on the subject Accident insurance at pension useful or not. One reason is that there are many different types of accident insurance, but only a few adequately address the needs and interests of older people.

Cons - Accident insurance benefits only in the event of real accidents

Many elderly people are afraid of falling badly. Some senior citizens' accident insurance companies take care of the risk of falling. For example, it also insures the femoral neck fracture.

  • Every detail counts here: The insurance conditions regularly state that an accident only occurs when certain events occur. Such an event must act suddenly and externally and lead to physical damage.
  • If a fall occurs as a result of a heart attack, stroke or sugar shock, this does not constitute an accident according to the insurance conditions. If you slip on a banana peel, that would be an external reason in accordance with the insurance conditions.
  • If you get dizzy, lose your balance and fall, that would be an internal cause. This is much more common in older people. In this case, the insurance does not pay. If you've already had a heart attack or stroke, it will be a later one Serious accident, the insurer a cause of the accident corresponding to the insurance conditions to prove.
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  • If you have agreed on an accident pension, this will only be paid if you have been awarded a degree of disability of 50 percent and more. In reality, this is only the case for a small proportion of the accident victims. If the degree of disability is 20 or 30 percent, the insurance does not apply.

Pro - in the case of retirement, accident insurance cover with assistance benefits makes sense

  • Stiftung Warentest sees accident insurance as useful, especially for pensioners living alone, especially if there are no relatives or acquaintances nearby to take care of after an accident could.
  • Anyone who already has accident insurance before retirement should check whether it is suitable for the coming senior life. The inclusion of care and assistance services is particularly important here. which costs are covered in the worst-case scenario? Can the accident be the result of an illness such as osteoporosis?
  • The assistance services or assistance such as care, medical assistance, shopping, food supply or apartment cleaning should be granted for six months. Instead of a pension, you should be able to request a lump-sum payment at any time.
  • You should note that accident insurance is not a substitute for coverage for long-term care. As a member of long-term care insurance, you can apply for benefits if you are or will be dependent on help for more than six months. Under certain circumstances - a small pension and no assets - you will receive "help for care" from the social welfare agency.

Some experts consider it unnecessary to have accident insurance at retirement age. Others speak of the insurance if appropriately designed, a raison d'être. If you are still active in sports in old age, it offers a certain protection. Assistance services can also prove to be useful.

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