What is a pension insurance in Germany?

Pension insurance is a special form of life insurance. A distinction is made between statutory pension insurance GRV (“old-age pension”) and private pension insurance. The aim of both types is to generate a monthly pension for old age when you are no longer working.
The pension payments then replace the missing earned income so that you can maintain your standard of living in old age.
Pension insurance (RP) is compulsory in Germany for all permanent employees. Self-employed persons and civil servants are exempt. The RP is part of the German social security system.

At Horizon65 we can help you determine if private pensions are worth it for you. Use our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.

Our mobile app also enables you to compare various aspects of private pensions such the impact of ETF-based private pensions vs. classical private pensions.

Learn more about our app

We regularly help our clients by comparing all the available private pension products on the market using our comparison portal or you get in touch with our experts to review your options.

Similar Questions

What is the best privat pension plan?

There is no single best answer to this question, because there are numerous forms of old-age provision. And depending on your situ...

What is the allowance in terms of Pension Plans?

The pension allowance describes the proportion of the pension which does not have to be taxed.

Ready to get started?

Download our app and start gaining insight into your current and future finances.