(2023)
Is a Rürup pension worthwhile in combination with supplementary insurance?
Many insurance companies offer additional products with a Rürup pension insurance. For example, a policy can be combined with disability or dependants' insurance. Consumer protection groups and the German Insurance Federation generally advise against such combinations. Although this can be more tax-efficient than individual insurances, the premiums for disability insurance are often higher in combination than for individual products.
Dependants' insurance as an addition is also possible. This can provide for your relatives in the event of death, as they receive nothing from the Rürup pension after the insured person's death. There is no pension guarantee period with Rürup, during which money is paid to relatives for an agreed period after your death. However, in the event of a divorce, the claims from the dependants' insurance expire.
These supplementary contracts do not conflict with the tax requirements for a Rürup policy and are therefore also subsidised. However, the proportion of the total contribution for additional products must not be higher than the proportion for retirement provision itself. Additional insurances are also offered that guarantee a refund of contributions if the insured person dies before retirement. However, they are excluded from tax subsidies.
