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Changing the order of beneficiaries in the event of death

If the insured dies before the regular retirement age and no survivors' pensions fall due, the vested benefits will be paid out together with any other death benefits that might be payable under a risk insurance policy. Regardless of the provisions of inheritance law, the following persons are entitled to the vested benefits:

  • 1. The surviving spouse or registered partner pursuant to the Partnership Law, the natural and adopted children entitled to a pension, and foster children if the insured was responsible for supporting them;
  • 2. Natural persons supported to a considerable extent by the insured or the person with whom the insured lived in a domestic partnership without interruption during the five years preceding his/her death, or the person responsible for supporting one or more joint children;
  • 3. The children of the deceased who were not supported by him/her, the parents or the siblings;
  • 4. The other legal heirs.

The insured can stipulate the claims of the individual beneficiaries and expand the group of beneficiaries in par. 1 to include those in par. 2 by sending a written notice to Tellco foundation for vested benefits.

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