If you or one of your employees dies, the government sometimes takes care of the income of the next of kin under the General Surviving Dependants Act (ANW). But often they don’t.
If you die as an entrepreneur, this will have major financial consequences for your next of kin and your business. It is important to have a clear understanding of these financial consequences. A life insurance policy ensures that the financial consequences of death are cushioned for your life partner or family.
For business partners
The death of one of the co-entrepreneurs may directly endanger the survival of a business. In order to build in extra security, it is possible for business partners to take out life insurance on each other’s lives: partner cover.
For your employees
Because in many cases the ANW does not pay out, almost every collective pension scheme for employees includes a partner’s pension, an orphan’s pension and an ANW gap pension.