Købstædernes Forsikring Income Protection
Købstædernes Forsikring Income Protection is individual income protection insurance from Købstædernes Forsikring. Requirements: member of any Danish unemployment insurance fund. It covers up to 90 % of salary.
- Provider
- Købstædernes Forsikring
- Type
- Insurance company – individual scheme
- Requires
- Member of any Danish unemployment insurance fund
- Insurance company
- Købstædernes Forsikring
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- Not disclosed – see terms
- Waiting period
- 30 days
- Qualifying period
- 9 months
- Payment period
- 6 or 12 months - max. 3 periods of unemployment
- Age
- 18 to less than 60 years of age when purchasing - ends at the end of the month when you reach 65
- Price
- Calculated online
Additional terms
- Up to 50,000 DKK/month (KF does not specify whether the amount is in addition to the unemployment benefits or in total)
- Minimum of 16 h / week and 12 months of permanent employment before unemployment
- Self-employed persons are covered by suspension of payments, bankruptcy, compulsory auction or closure due to illness
- Premium exemption during payment and job advice via AS3
Sickness coverage
Also covers unemployment caused by illness, or illness during the payment period. Excludes illness or symptoms from before taking out the policy. Includes health insurance.
Tax deduction
Tax-deductible (KF states a tax deduction value of 27–30%)
Sources
- Købstædernes Forsikring: Income protection insurance
- Købstædernes Forsikring: Terms LØ-KF-04, Nov. 2023 (PDF)
Last verified:
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- Compare all individual income protection
- Compare Købstædernes Forsikring Income Protection with a different income protection
- Income protection during illness, sick leave and sickness benefits
- Income protection insurance and tax: deduction, taxation and AM contributions
- Is income protection worth the cost?
Frequently asked questions
What is the qualifying period for income protection?
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The qualifying period is the time you must have had (and paid for) the insurance before you can get paid. It is typically 5-9 months: Frie 5 months, Ase / CA / Krifa / Det Faglige Hus / Lederne / GF 6 months, Djøf / Topdanmark / IDA / Alka / MA 9 months. If you are terminated during the period, you are not covered.
See FAQ →What is the difference between a waiting period and a qualifying period?
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The qualifying period runs from purchasing the policy until cover begins. The waiting period (karens or selvrisiko) is the number of days from becoming unemployed until payments start: for example, 28 days with Ase, 30 with CA and 45 with Djøf. Some providers use “karens” for the qualifying period, so read the terms.
See FAQ →Are income protection payments taxable?
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Yes. Income protection payments are taxed as ordinary A-income, but no labour market contribution (AM-bidrag) is payable on them. Income protection is therefore not tax-free.
Sources: A&TIL: Tax rules on income protection
See FAQ →