What is a Pension Fund?
A pension plan that addresses three main needs:
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Monthly benefit starting from retirement age and for the entire life of the insured, the amount of the monthly benefit depends on the amount of accrual accrued in the plan up to that date and the route of receiving the benefit selected from a variety of possible routes.
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Disability benefit in the event of loss of ability to work as a result of an illness or accident, the amount of the benefit is usually 75% of the average monthly income calculated according to the fund’s regulations, and may vary depending on the insurance route chosen by the member.
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Beneficiary pension for the spouse for the rest of their lives and orphans up to the age of 21.
Joining does not usually require proof of health, but there is a qualifying period of five years for an existing medical condition.
Comprehensive pension funds benefit from state assistance through designated bonds that guarantee a return of 4.86% on approximately 30% of the assets for savers and 60% for pensioners. A pension fund is based on mutual insurance and its terms are determined in accordance with the fund’s regulations, which are subject to change from time to time, subject to the approval of the Insurance and Savings Capital Market Authority.
Why the Shekel Group?
Shekel Insurance Agency allows you to use a group of top experts with extensive professional knowledge in the pension insurance, actuarial, finance and health sectors and with unique technological tools, as well as receive professional and diverse service when deciding on your pension future and / or insurance protection.
The following is a selection of services that can be obtained at the Shekel Agency:
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Optimization simulator – to select the optimal mix of a combination of a pension fund and executive insurance.
Simulator for controlling the accumulation of rights and funds in pension funds and executive insurance.
Software for comparing the various insurance plans.
Planning of health and nursing plans to create perfect insurance protection.
Retirement tax planning with the aim of reducing the amount of tax.
Lifetime income planning.
Planning and managing savings and investments.