The need for life insurance
The need for life insurance, What amount should you have in life insurance? Do I even need life insurance? What needs the survivors have is what determines. Try to find out what you have today – there may be more insurance than you think.
What are the survivors’ needs?
Start by thinking about how your next of kin would manage financially if you die and who is dependent on your support. Then think about how you can best cover this need. Don’t forget that protection can be found in different insurances and that it costs different amounts.
Everything is of course individual, but the higher the joint loan and the higher the income, the greater the needs of the survivors. You can also choose to have different life insurance amounts within a family, although it is common to have the same amount.
An example: A couple has a joint loan on a home of SEK 2,000,000. Then you can conclude that the need for insurance is SEK 1,000,000 if you want it to cover the other person’s entire loan amount.
What kind of life insurance do you have today?
After thinking about the need, you should investigate how the need is covered today. It can be easy to miss one of the insurances you already have. For example, there may be group insurance policies and policies that are not formally called life insurance policies but operate in the same way.
For example, look for whether you have:
- Service group life insurance, via the employer
- Loan protection, via the bank.
- Group insurance package, which includes life insurance.
- Occupational pensions with repayment protection
- Capital insurance with cohabitant/partner as beneficiary
When you think about whether the need is covered, it is, therefore, important to take into account what can be paid out from these insurances.
The Financial Supervisory Authority has granted Gazit-Globe Ltd an exemption from the obligation to bid due to the acquisition of shares in Citycon Oyj according to ch. 11. Section 19 of the Securities Markets Act
The Financial Supervisory Authority’s decision no. Fiva 2/02.05.05/2013
With the support of ch. 11 Section 26 of the Securities Markets Act (746/2012), on 20 February 2013, the Swedish Financial Supervisory Authority granted Gazit-Globe Ltd an exemption from the obligation to bid due to the acquisition of shares in Citycon Oyj according to ch. 11. Section 19 of the said Act.
The decision has been submitted
The decision is available on the Financial Supervisory Authority’s website and until March 25, 2013, at the Financial Supervisory Authority, Snellmansgatan 6, Helsinki.
A notice that the decision has been presented is published on 4 March 2013 in the Official Gazette, Helsingin Sanomat, and Hufvudstadsbladet.
The decision may be appealed to the Helsinki Administrative Court within 30 days of receipt. Further instructions on applying for a change in the decision can be found in the appeal instructions in the appendix to the decision. According to section 62 of the Administration Act (434/2003), all those concerned are considered to have received the decision on the seventh day after the notice is published in the Official Gazette.
