New lifestyles increase pension gaps
Non-working, digital nomads, freelancing or self-employment: more and more forms of work and lifestyles are popping up in Switzerland. For many people, it is a hassle to plan their pension provision individually to suit their current life situation. Young people in particular often forget about this. Goupe Mutuel is launching a modular pension solution for this target group.
It is common knowledge that for Swiss people the pension benefits of the 1st and 2nd pillar will not be sufficient to maintain the standard of living in retirement. That's where the 3rd pillar comes in handy for guaranteed savings or with investments in investment funds. But these cannot be arbitrarily adapted to the current life situation. The fact is, however, that we are living our lives less and less in the same style until retirement age. With a modular pension solution, Groupe Mutuel now promises to help us plan our individual retirement simply and flexibly and to cushion any gaps in our pension provision.
In order to provide its customers with optimum support in saving, Groupe Mutuel has therefore developed a new product that allows them to easily adapt their investment plans to the development of their own return targets. Nothing is set in stone when a 3rd pillar contract is signed. If, for example, young professionals have started their insurance contract with guaranteed savings, they may well take a higher risk later on, depending on their professional development, and invest in a solution with higher return prospects. Insureds thus have free control over the distribution of their premiums. They can also choose additional risk cover to suit their own situation. For example, a lump-sum death benefit, an annuity or premium waiver in the event of disability. Groupe Mutuel lists additional payments, the suspension of premium payments for a maximum of three years, and the conversion of the capital invested in fund units into a guaranteed savings balance in the final years of the contract as further advantages that stand for great flexibility and security.
More information: Groupe Mutuel
