Check existing cover first
Ask which partner and orphan benefits currently apply, for whom and under what conditions. Old and new pension rules can differ. A fixed percentage of retirement pension does not describe every scheme. Anw is a separate statutory benefit with conditions, not an automatic supplement for every partner.
Also identify partner income, debts, housing costs, care responsibilities and reserves. The entire mortgage debt or five to ten annual salaries is not the right insured amount for everyone.
Policy and premium
Check duration, insured amount, beneficiaries, exclusions and any pledge to a lender. Ordinary term cover does not build unrestricted savings and does not pay merely because you reach its end date.
Premiums and acceptance depend on the application and terms. Use current quotations rather than generic prices. Savings, partner pension and term insurance have different characteristics and are not automatically interchangeable.
Taxes
For ordinary lump-sum term cover, premiums are generally not deductible and the death payment generally is not box 1 income. Inheritance tax can nevertheless apply, depending partly on premium payments, beneficiaries and property arrangements. Money retained by the recipient may later count in box 3 and asset-tested allowances.
A survivor annuity can follow different tax rules. Check the product: a box 3 allowance does not automatically exempt every payment from inheritance tax. Ask an authorised external adviser about personal product choices.
What does BPH do?
Bureau Pensioen Hulp has no AFM licence. BPH provides general education and, on request, can introduce you to an external adviser using contact details only. BPH does not provide personal product recommendations, compare products for you or mediate in arranging them. Check an external adviser’s authorisation, services and fees yourself.
Frequently asked questions
Is the payout always inheritance-tax-free?
No. The policy, premium payments and property arrangements matter.
Must I always insure the whole mortgage?
No. The appropriate amount requires assessment of needs, existing cover and affordability.
Sources and reference date
Reference date: 28 October 2026. Check your own scheme and current conditions before deciding.