Protect my income

A sick leave or accident can make your income drop while costs continue. Finwise helps you see what is already covered and fill the useful gap.

What is it?

Replace income when you can no longer work

Protecting your income means coordinating salary continuation, daily benefits, LAA, DI, occupational pension and any private annuity to pay your costs.

Mandatory?

Partly: DI and LAA, not always daily sickness benefits

Disability insurance is mandatory. LAA covers accidents according to employment. Daily sickness benefits are not required by federal law, but often provided via the employer or a CLA.

Key point

Illness often creates the largest gap

Many people are better protected for accidents than for long illness. LAMal pays for care, not your salary.

Income protection priorities

Without replacement income, the rest of the cover collapses.

  1. Family Death Capital for dependents
  2. Long term Disability Lastingly reduced income
  3. Short term Loss of earnings Work stoppage

Short term, long term and death cover complement each other.

Where to start to protect your income

Before taking out an individual policy, map what already exists: employer salary continuation, collective daily benefits, LAA, occupational pension, any complementary LAA and available savings. Only then calculate what is missing to pay rent, mortgage, family and premiums.

Une bonne protection combine souvent deux horizons : court terme (perte de gain / indemnités journalières) et long terme (incapacité de gain / invalidité). Sans ce pont, un trou de revenu apparaît entre la fin des indemnités et une éventuelle rente AI ou LPP.

Situation
Usual protection
To check
Employee on sick leaveArt. 324a CO / daily sickness benefits
Limited salary continuation, or daily sickness benefits according to contract, CLA or employer.
Insured rate, 720/730-day duration, waiting period, conversion to individual cover.
Employee after an accidentLAA
Occupational accidents; non-occupational if at least 8 hours/week with the same employer.
Insured salary, complementary LAA, coordination with salary continuation.
Long-term disabilityDI / occupational pension / annuity
DI examines an annuity; occupational pension can complement; a private annuity often fills the gap.
Disability threshold, waiting period, occupational pension ceiling, health questionnaire.

The logic of income protection

Monthly costs - Expected benefits = Gap to cover

The right contract is not the most expensive: it is the one that covers the amount you really need, at the right time.

Employees: what the law and employer often provide

In case of illness, the employer must continue salary for a limited period under article 324a of the Code of Obligations, if the employment relationship has lasted more than three months or was concluded for more than three months. Duration depends notably on seniority and applicable scales.

Many companies replace this obligation with daily sickness benefits insurance. A solution often considered equivalent covers at least 80% of salary for 720 or 730 days, with the employer usually contributing to premiums. Always ask for the regulations, insured rate and what happens if you leave the company.

Employee with collective daily benefits

First check the employer contract. A long-term private annuity may still be useful if occupational pension and DI leave a gap.

Part-time / multiple employers

Non-occupational LAA and insured occupational pension salary may be incomplete. Map each contract before deciding.

High income / mortgage

Social and occupational pension ceilings often leave a gap. Calculate the income really needed to keep the home.

Without clear daily benefits

If salary continuation is short or unclear, individual loss of earnings and a disability view become priorities.

Common pitfalls

Mistakes are rarely seen at subscription. They appear as soon as income really stops.

LAMal = incomeIt pays for care, not your salary or your costs.
Accident onlyBeing well covered under LAA does not mean being well covered for long illness.
End of daily benefits forgottenAfter 720/730 days, without DI/occupational pension/private annuity relay, income can drop.
Missed conversion to individual coverLeaving the employer may require conversion within a short deadline.

You already have cover: what should you check?

Demandez le règlement IJM, le taux et la durée, la LAA, la LPP invalidité, vos délais d’attente et votre capacité à tenir sans revenu. Adaptez après changement d’employeur, temps partiel, hausse de salaire, hypothèque ou naissance. Coordonnez aussi avec protéger ma famille et préparer ma retraite.

With Finwise

We calibrate protection according to your real income

We analyse your employment contract, collective insurance, costs, family and savings capacity. Then we compare loss of earnings, disability and pension cover to fill the useful gap, without duplication.

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Complete your safety net

These pages detail the covers that most often protect an individual’s income.

Loss of earnings Disability income Protect my family Self-employed income

Protect my income View loss of earnings View disability income

Let’s talk about your needs

Tell us about your situation in a few lines. A Finwise adviser will contact you to clarify your options and compare suitable solutions.