Occupational group life insurance
In addition to occupational pension, there is an occupational group life insurance that is usually given the acronym TGL. Your employer has taken out this insurance with us at Alecta or with another insurance company.
Occupational group life insurance is paid if you die before reaching retirement. A lump sum of SEK 264 000 is paid. This amount applies if you die between the age of 18 and 55. The amount decreases after that. If an occupational group life pension is to be paid after you reach the age of 65, you must still be employed.
| Age |
SEK |
| 18 but not 55 |
264 000 |
| 55 but not 56 |
242 000 |
| 56 but not 57 |
220 000 |
| 57 but not 58 |
198 000 |
| 58 but not 59 |
176 000 |
| 59 but not 60 |
154 000 |
| 60 but not 61 |
132 000 |
| 61 but not 62 |
110 000 |
| 62 but not 63 |
88 000 |
| 63 but not 64 |
66 000 |
| 64 but not 70 |
44 000 |
If you have children below the age of 17, the maximum amount is always paid, even if you are over 55 when you die.
| Age |
SEK |
| Children below the age of 17 |
88 000 |
| 17 but not 19 |
66 000 |
| 19 but not 20 |
44 000 |
According to the general beneficiary provision the money is paid in descending order to:
- spouse/registered partner
- children
- parents
If there is no one to whom the occupational group life insurance can be paid, only a half price base amount, SEK 22 000 is paid to the estate.
You decide
You can complete a beneficiary provision form and decide who should receive your money. For example, if you have a partner with whom you cohabit, you can make sure that she/he receives the money instead, by completing a form.