Gain Freedom with CA Income Protection
Life is full of limitations - but your finances don’t have to be one of them.
With CA Income Protection, you gain the freedom and security that make it easier to navigate unexpected situations like unemployment. CA income protection ensures a stable income, so you can focus on seizing new opportunities without worrying about financial constraints.
Choose CA Income Protection - because the freedom to live life on your own terms is priceless.
Flexible Income Protection with CA – the Freedom to Choose Your Own Coverage – from just DKK 49/month
As a CA member, you have the freedom to shape your income protection exactly the way it suits you.
With CA Income Protection, you can choose the size of your payouts, how long you want to be covered, and whether you want coverage with or without a deductible.
Whether you want maximum coverage or simply a financial buffer in uncertain times, you can tailor your income protection to fit your needs and preferences. You're in control - with CA Income Protection, you have the freedom to secure your future on your own terms.
Flexible Payout
You decide how much you want to receive in income protection per month – up to 90% of your current salary.
Customised Coverage
You choose whether your income protection should provide coverage for 3, 6, 9, or 12 months per unemployment period.
Choice of Deductible
You decide whether your CA Income Protection should include a 30-day deductible or none at all.
Sign up for CA Income Protection
CA Income Protection
Marsh
Tromsøgade 2, 1. sal
2100 København Ø
Phone: 45 95 46 71
E-mail: ca.lonsikring@mmc.com
Opening Hours: Mandag - fredag: 09.00 - 15.00
Qualifying Period
CA Income Protection has a qualifying period of 9 months.
This means you must not be dismissed or become aware of your dismissal during the first 9 months after signing up for the scheme.
Once the qualifying period has ended, you are eligible to receive income protection if you become unemployed.
Report a Claim
If you need to report a claim to CA Income Protection due to unemployment or incapacity for work – or continued unemployment – you must do so online.
Up to 90% of your current salary covered
With CA Income Protection, you can receive coverage of up to DKK 60,000 per month on top of your unemployment benefits.
Questions and Answers about CA Income Protection
Are there specific requirements for taking out CA Income Protection?
To sign up for CA Income Protection, you must meet the following requirements:
You are a member of the CA Unemployment Insurance Fund
You are at least 18 years old and under 60 years old on the date the insurance is taken out
You have a Danish CPR number
You are permanently employed in Denmark (excluding Greenland and the Faroe Islands) and have worked at least 80 paid hours per month for a minimum of 6 consecutive months immediately prior to purchasing or changing your income protection
You are not self-employed, a temp, employed in a flex job, or in a subsidised position
You are not unemployed and have no knowledge - nor should you have knowledge - of any upcoming unemployment
During the term of the insurance, it is a requirement that you continuously maintain your CA membership. You can remain enrolled in the scheme until you turn 65.5 years old.
Where do I report my claim if I want to receive a payout from the income protection?
You must report your insurance claim due to unemployment or incapacity for work – or continued unemployment – online via our partner.
How long does it take before the income protection coverage begins?
From the moment you take out income protection, a qualifying period and possibly a deductible period must pass before you’re entitled to receive payouts.
After purchasing the income protection, there is a six-month period during which you must remain employed. However, if you transfer your seniority from another income protection plan – and have been insured elsewhere for at least six months leading up to the start of CA Income Protection – you will be covered immediately.
Once the qualifying period is fulfilled, you may be eligible for coverage if you lose your job. Please note that there may be a 30-day deductible period during which you must cover the difference between your unemployment benefits and your previous salary yourself – depending on whether you chose coverage with or without a deductible.
In which situations is income protection not covered?
If you need to use your income protection, it can only be activated in cases of involuntary unemployment. If you resign voluntarily or are dismissed due to your own misconduct, your income protection will not provide coverage.
Please also note that the insurance does not cover illness that you were aware of before the policy start date or any pre-existing conditions.
Furthermore, the income protection does not apply if you do not meet the eligibility requirements for CA Income Protection. Like all insurance policies, certain exclusions apply — including force majeure events. In general, we strongly recommend reading the full insurance terms and conditions to clearly understand how you are covered.
Who needs income protection?
You can assess whether you need income protection by comparing your current income to your unemployment benefit rate. If you believe you can manage without difficulty on the maximum unemployment benefit - which is just under DKK 20,000 per month - then income protection may not be necessary for you.
On the other hand, if there’s a significant gap between your current earnings and what you would receive on unemployment benefits, you are likely someone who could benefit from income protection.
It also depends on the level of job security in your field. If you know that finding a job with a comparable salary will be difficult after leaving your current position, then income protection as a supplement to your benefits from the unemployment insurance fund could be very useful for you.