Payment term arrears. We make a demonstrable effort to collect the premiums and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the partner’s and orphan’s pension and the ANW shortfall pension are no longer insured. The insurance for the waiver of premium in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment pension will be purchased, except if there is a case of profit-sharing from the ‘Aegon Cappital Pensioenabonnement’ profit-sharing pool. Profit-sharing is explained in the Pension Regulations, Section 5.1 ‘Profit-sharing on Investment pension’. Pursuant to the Pensions Act, we may terminate the risk insurance policies in this way from three months after the notification. Until that time, the risk cover is maintained. Paid-up policies can be created with retroactive effect up to a maximum of five months prior to the date of notification to the participant. If you do not pay the premiums and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
Payment term arrears. We make a demonstrable effort to collect the premiums and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the net partner’s and orphan’s pension are no longer insured. The insurance for the waiver of contribution in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment pension will be purchased, except if there is a case of profit-sharing from the ‘S Net Pension’ profit-sharing pool. Profit-sharing is explained in the Aegon Cappital Net Pension Regulations, Section 5.1 ‘Profit-sharing on Investment pension’. Pursuant to the Pensions Act, we may terminate the risk insurance policies in this way from three months after the notification. Until that time, the risk cover is maintained. Paid-up policies can be created with retroactive effect up to a maximum of five months prior to the date of notification to the participant. If you do not pay the premiums and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
Payment term arrears. We make a demonstrable effort to collect the premiums and administration costs. We will notify you and the participant if any payment arrears make it necessary to terminate the accrual of pension. Termination takes place by creating a paid-up policy. After a paid-up policy has been created, the partner’s and orphan’s pension and the Anw shortfall pension are no longer insured. The insurance for the waiver of premium in the event of disability will then also be terminated. Creating a paid-up policy also means that no more investments for Investment pension will be purchased, except if a surcharge is granted. Pursuant to the Pensions Act, we may terminate the risk insurance policies in this way from three months after the notification. Until that time, the risk cover is maintained. Paid-up policies can be created with retroactive effect up to a maximum of five months prior to the date of notification to the participant. If you do not pay the premiums and administration costs charged to you in full, we will not accept the payment for processing. In such case we will consult with you.
