Pension planning and life insurance
As a freelancer or business owner, you manage everything yourself — including your long-term financial security. But what happens if something happens to you? Life insurance isn’t just about death coverage, it’s also a smart way to protect your loved ones and build your pension.
Why consider life insurance?
If you pass away unexpectedly, life insurance provides your family with a lump sum to cover living expenses, mortgage payments or business continuity. It ensures your partner, children or other dependents aren’t left with financial hardship.
What are your options?
There are several types of life insurance products available to self-employed professionals in Belgium, including:
Death cover (Term life insurance)
Pays a fixed amount to your beneficiaries in case of your death during the policy period.
Pension-linked savings plans
Combine life cover with retirement savings.
Building your pension
As a self-employed professional, your statutory pension will likely be limited. Fortunately, there are tax-efficient solutions to grow your future income:
VAPZ (Vrij Aanvullend Pensioen voor Zelfstandigen / Free Supplementary Pension for the Self-Employed)
A flexible savings plan with tax benefits.
IPT (Individuele Pensioentoezegging / Individual Pension Commitment)
For those working through a company (e.g. BV), this is a powerful tool to save for retirement through the business.
POZ (Pensioenovereenkomst voor Zelfstandigen / Pension Agreement for the Self-Employed)
A solution for self-employed professionals without a company (eenmanszaken).
Each plan offers tax-deductible contributions and long-term financial growth, often with a built-in death benefit for extra security.
Is it expensive?
Life and pension products are highly customisable. You choose how much to save and what level of coverage to include. In many cases, the tax benefits outweigh the net cost.
Curious about what strategy suits your situation? We’d be happy to guide you through the options and create a tailored plan that protects both your future and your loved ones.