Security in the event of death: planning, protection, endowment insurance and support for family members
Dying and death are subjects that no one likes to talk about. But taking out endowment insurance to provide financial security in the event of death and planning ahead to make provision for the future will give you and your loved ones peace of mind. It will help to prevent financial pressures and worries in the event of bereavement.
Death: Support for Anna
Anna is 38 years old and a mother to two children. Her husband Marco dies unexpectedly of a serious illness. While grieving, she suddenly has to deal with many questions: What happens now, financially? How will I pay the mortgage? What needs to be organised now?
Marco made provision in advance. SWICA’s endowment insurance ensures that Anna is financially protected in the event of his death. The administrative support provided by SWICA employees helps her to keep track of everything.
This story is not unusual. Death often comes unexpectedly. Making provision in case of death does not mean expecting the worst – it means taking responsibility for the people we care about.
What do endowment insurance and making provision in case of death mean?
No one likes to think about the worst-case scenario. But an accident or serious illness can be life-changing and can very quickly alter the way we think about dying and death. For families or couples with shared responsibilities in particular, a death can have existential ramifications. Basic insurance covers medical expenses. But who will protect your loved ones from financial pressures such as paying the mortgage or rent, or the cost of your children’s education? In these circumstances, it's crucial to have specific protection in case of bereavement.
That's what endowment insurance is for
With endowment insurance in the event of an accident (UTI) or illness (KTI), you remain financially protected because you make provision for these specific eventualities
1. Endowment insurance in the event of an accident (UTI)
An accident can change everything. With UTI endowment insurance, you secure your financial future and protect what's important to you – even in the event of death.
2. Endowment insurance in the event of illness (KTI)
Illness often creates financial worries. KTI endowment insurance provides you with security and helps to safeguard your loved ones' standard of living – even in the event of death or serious illness
Report the death: What do you do following a death?
The loss of a loved one is a difficult time. We extend our heartfelt condolences to you and are here by your side during this challenging time. You can count on our support with all administrative matters relating to your health insurance. Of course, we are also there for you with regard to all of your health matters.
First steps following a death
- Contact a doctor to have the death certificate issued.
- Inform the next of kin of the death.
- Contact a funeral company to organise the funeral.
- Inform the deceased person’s employer of their death.
- Notify the relevant insurance companies to clarify all the necessary formalities.
How to report a death to SWICA
- Have the deceased person’s insurance number ready. You will find this on their insurance card or insurance policy.
- Upload an electronic copy of the official death certificate.
- Follow the additional instructions provided with the online form.
Life after death – guidance for relatives
In addition to administrative tasks, there will be emotional and practical challenges to deal with:
- Cancelling or amending contracts
- Dealing with banks
- Sorting out inheritance matters
- Providing for children
- Accessing psychological support
SWICA offers access to counselling services and provides support with insurance-related questions.
Frequently asked questions about death – the most important answers
With a death comes many questions and uncertainties. To help you find reliable guidance during this difficult time, we have compiled the most frequently asked questions on reporting a death, dealing with the formalities and receiving support in the event of a bereavement. Learn what steps are needed and what documents are required.
