Life insurance in Switzerland
A successful pension system must compensate a family following the death of a a relative, otherwise the financial security of the family can be undermined. If the system does not provide an income to the widow, widower or orphan, the survivors could become a financial burden on the state.
The Swiss pension system takes this question into account, but the conditions for granting first pillar benefits are extremely strict. In short, to be sure to financially protect your loved ones in the event of death, it is almost mandatory to take out a pillar 3 insurance policy…(more info on Swiss pillar 3)
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