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Conversion rates

The conversion rate for retirement after turning 65 is:

Year of birth Conversion rate
1952 4.570%
1953 4.560%
1954 4.550%
1955 4.540%
1956 4.530%
1957 4.510%
1958 4.500%
1959 4.490%
1960 4.480%
1961 4.470%
1962 4.460%

Example: Insured person born in 1960

  • retirement on reaching the official age of 65: conversion rate = 4.480%

If retirement takes place before reaching the age of 65, the conversion rate valid when the policyholder reaches the official retirement age of 65 is reduced as follows according to the actual age:

Termination on the first of the month after reaching the age of… Reduction as a percentage
65 -0.00%
64 -0.12%
63 -0.23%
62 -0.34%
61 -0.44%
60 -0.54%
59 -0.63%
58 -0.72%

Example: Insured person born in 1960

  • early retirement on reaching the age of 64: conversion rate = 4.480% - 0.12% = 4.360%

If retirement takes place after reaching the age of 65, the conversion rate valid when the policyholder reaches the official retirement age of 65 is increased as follows according to the actual age:

Termination on the first of the month after reaching the age of… Increas as a percentage
65 +0.00%
66 +0.13%
67 +0.27%
68 +0.41%
69 +0.57%
70 +0.74%

Example: Insured person born in 1960

  • deferred retirement on reaching the age of 66: conversion rate = 4.480% + 0.13% = 4.610%