Would you be able to do without something yourself now and do you want to give your child, grandchild or loved one a helping hand? Then make them a donation. It would be a lovely gesture, but there is also a downside: if you die within maximum 5 years of making an unregistered donation, the recipients will have to pay inheritance tax. Donation Care death insurance enables you to avoid any unpleasant financial surprises.
Temporary policy, taken out by your next of kin with you as the insured
Saves your next of kin possible inheritance tax because of an unregistered gift
Inclusief baanbrekende applicatie voor vereenvoudigde digitale medische acceptatie tot 51 jaar en tot 300.000 euro
Donation Care is a Branch 21 death insurance policy with a minimum duration of 1 year and a maximum duration of 5 years (3 years in Brussels, 5 years in Wallonia and Flanders). It is only available under a non-tax contract.
For more details, see the Financial Facts Sheet
Donation care is aimed at natural persons who want to cover the financial consequences - in particular with regard to the inheritance tax as a consequence of an unregistered gift - for their next of kin on the occasion of their death, if this gift is not registered. The age of the insured on taking out the cover must be between 18 and 80 years.
If it concerns a natural person, the minimum age on taking out the cover is 18 years
This product is not suitable for natural persons who wish to cover themselves to protect their next of kin when the insured person is older or younger than the permitted criteria: it is not suitable to cover a mortgage loan, loan or pure family protection
Do nothing and hope
You make a gift and do not cover yourself in any way. That might work out, but if you pass away within the legally defined “suspect period” (currently 5 years in Flanders and Wallonia, and 3 years in Brussels), your beneficiary may have to pay inheritance tax on the gifted amount.
The tax rate depends on your region and the relationship between you and the beneficiary:
For partners, children and grandchildren: from 3% for smaller amounts, up to 30% for larger ones
For more distant relatives: rates can go up to 80%
Register your gift with a notary
You can choose to register the gift immediately via a notary. In that case, gift tax is paid upfront, and no inheritance tax is due if you pass away within the suspect period.
Gift tax rates:
Take out a Donation Care term life insurance
With NN Donation Care, your beneficiary takes out a temporary life insurance policy on your behalf, for the estimated amount of inheritance tax linked to your gift. You are the insured person. If you pass away within the suspect period, the insured capital is paid to your beneficiary to cover the tax. The higher the amount of the gift, the more attractive a term life insurance is.
Important Notes
If your application is delayed, you will be covered for accidental death. You are covered for the initially insured capital (with a maximum of EUR 500,000).
This agreement ends after 1 month, or upon acceptance or refusal by the company. (For further information, refer to the general conditions "provisional coverage")
You are covered worldwide for all causes of death: from illness, an accident or sudden death such as a stroke or heart attack.
Is your insured capital higher? Then contact your broker.
Certain risks are not covered.
For the main insurance, these include suicide during the first year after the conclusion of the contract, intentional act and act of war.
This list is not exhaustive. Refer to the General Terms & Conditions for an overview of all excluded risks.
A number of exclusions also apply to the Supplementary Accidents cover (AVRO). A detailed list can be found in the Supplementary General Terms & Conditions.
Your broker will be happy to help you with all your questions about this product. He or she can also provide you with a quotation and a premium calculation.
Find a broker near you.
Option death as a result of an accident
Do you choose this option? If you die as the result of an accident, your next of kin will receive an additional amount in addition to the Donation Care capital. Thus you give them more certainty.
Possible payment types for the premium:
For the frequency, you can opt for monthly or annual payments only by bank transfer.
Simplified medical acceptance up until the age of 51 and up to an amount of EUR 300,000
It is necessary to read the Information Financial Fact Sheet & General Terms and Conditions before purchasing, registering, entering into, accepting, signing or opening a NN Donation care.
If you have a complaint about your NN policy, please contact NN, Quality Care Center, 38 Fonsnylaan, 1060 Brussels. Send an e-mail in the first instance to klachten@nn.be. Or contact the Consumer Ombudsman Service at the Insurance Ombudsman, 35 de Meeûssquare, 1000 Brussels. Tel: +32(0)2 547 58 71, fax: +32(0)2 547 59 75, info@ombudsman.be, www.ombudsman.be. It is also possible at all times to take legal action.
