Business
Lay the foundation for the financial saftety net of your employees
Financial safety net
Your company can become an active part of a larger safety net by taking out a group insurance for the employees
Get a non-binding conversatin with one of our insurance advisors to find out what options are available. This will be done without any setup costs.
Life Insurance
Life insurance is intended to help your closest family members financially if you pass away before reaching retirement age. The pay out will be made next to kin unless another written agreement has been made with LÍV. The payout is taxfree.
Certain Critical Illness
Insurance in connection with certain dangerous diseases provides a tax-free payout if you or children under 18 years of age are affected by a specific dangerous disease. An agreed-upon amount will be paid out, and it is up to you to decide how the amount will be used. The pay out is taxfree.
Incapacity to work
Incapacity to work can severely affect your financial foundation. Therefore, we offer an incapacity insurance that can help alleviate the financial strain if things go wrong. It applies to payouts if your working capacity is reduced by 2/3 or more. The payout begins 3 months after incapacity to work is confirmed. The annual amount will be paid out monthly innstallments. The payout is tax free.
Treatment Insurance
Treatment insurance provides access to quick treatment and can thus significantly shorten the time you are away from the labor market.
LÍV offers treatment insurance in collaboration with Gjensidige Insurance in Denmark.
Which solution should you choose?
Everyone’s needs are different, and they can change multiple times throughout life.
Have a none-binding conversation with us about your specific needs.
Life Insurance
Example of insurance amounts
Monthly Payment
100 kr.
150 kr.
200 kr.
15 – 49 yrs
500.000 kr
750.000 kr
1.000.000 kr
50 – 54 yrs
400.000 kr
600.000 kr
800.000 kr
55 – 67 1/2yrs
300.000 kr
450.000 kr
600.000 kr
The amount will be paid in one lump sum.
The payout is taxfree.
The payment will be made to the next of kin, unless another written agreement has been made with LÍV.
Certain Critical Illness
It is possible to choose beween two combinations
Monthly Payment
62,50 kr.
75 kr.
100 kr.
15 – 49 yrs
125.000 kr
150.000 kr
750.000 kr
50 – 54 yrs
125.000 kr
150.000 kr
600.000 kr
The amount will be paid out in one lump sum.
The payout is tax-free.
Incapacity to work
Provides an additon for employees if incapacity to work occurs
Monthly payment
433,44 kr.
336 kr.
252 kr.
168 kr.
Annual amount
103.200 kr.
80.000 kr.
60.000 kr.
40.000 kr.
The annual amount will be paid out in monthly installments.
The payout is tax-free.
Treatment Insurance
Provides treatment at a private hospital or other treatment facility within 10 workin days.
When illness strikes, the impact on productivity is doubled if the employee does not recieve treatment right away. With treatment insurance, the medical treatment will not be delayed due to waiting lists.
Ensures prompt and high-quality treatment.
Provides access to medival diagnosis, surgery, or other appropiate treatment.
We are ready to help you
If you have questions or would like advice, you are welcome to contact us.
Send us an email on liv@liv.fo, call us at +298 31 11 11, or log in to the customer portal
Mítt LÍV and send us a message.
