We are expecting our first child in March. In this context, I am currently researching various financial and insurance topics. One point that is mentioned time and again, but I couldn’t find much information about it online, is that you should take out a “child disability pension”.
The background to this is that children who become disabled as a result of illness or accident only receive the minimum IV benefits for life, which corresponds to the minimum subsistence level. This is because kids do not have an employer and are therefore not insured through the pension fund.
I looked at various insurance providers (Mobiliar, Zurich, Pax) but could not find exact pricing online. Also, a savings component is often included, which is of course overpriced and unnecessary.
What are your thoughts on this? Have you taken out such insurance, if so, what pension amount? Can you recommend a product?