The career-ending policy through Hienfeld
Anyone whose income rests on one physical performance loses not just a season but a career when injury is permanent. Career-end cover pays out when that career ends prematurely.
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In brief
Finass acts as an intermediary through, among others, Hienfeld, a party focusing on risks for which no standard product exists, and compares that objectively with the wider market. Career-end cover is intended for people whose income depends on a specific physical or artistic performance: professional sportspeople, dancers, musicians and others with a short, intensive career. If that career ends for good through accident or illness, a payment follows.
It is normally a fixed-sum insurance and not an indemnity insurance. That means the sum insured is fixed in advance and is not settled afterwards against the loss of income actually suffered. The indemnity principle of Article 7:960 of the Dutch Civil Code does not apply. What you do have to show is that the description in the policy has been met. That description is the whole product: is it about permanent unfitness for your own occupation, about a medically established percentage of disability, or about the two combined?
Do not confuse it with income cover for temporary absence. A disability insurance pays periodically for as long as you cannot work and takes account of recovery and of suitable alternative work. A personal accident insurance pays out on permanent disability caused by an accident, whatever your occupation. Career-end cover is aimed specifically at the definitive end of the career and is therefore often taken out alongside one of the two, not instead of them.
This page deals with one situation. The full overview is on Compare construction all risks (CAR) insurance.
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You call or email someone who knows your file. No menu options, no changing call centres.
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We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
What to look out for
Four provisions that determine whether a payment is actually made when a career ends.
The definition of occupational disability
Everything turns on when you are permanently unfit for your own occupation. Some policies require a final medical position, others an opinion from an appointed examining doctor, others again an established percentage of loss of function. Ask in advance for the exact definition and the waiting period before a situation counts as permanent. That is the first thing looked at in every claim.
Medical acceptance and your history
The application involves a health declaration and usually a medical examination. Conditions that already exist at that point are almost always excluded or limited by a clause: an earlier knee operation, a chronic back complaint or a recurring injury. There is no point in concealing them; under Article 7:928 of the Dutch Civil Code and Article 7:930 of the Dutch Civil Code the insurer can then reduce or refuse the payment.
High-risk activities and substances
Normally excluded is loss caused by the use of prohibited performance-enhancing substances, by alcohol or drugs, by taking part in activities that do not belong to the occupation declared, such as dangerous sports or speed competitions, and by intent or wilful recklessness (Article 7:952 of the Dutch Civil Code). Acts of war and civil unrest also stay outside the cover. If your discipline or level changes, report it.
Term, end age and termination
These policies have an final age and sometimes a term linked to a contract or a period. If you give up the occupation yourself, the cover normally lapses without value. It is risk cover and not a savings product. Also check what happens if you move to another club, another company or abroad.
What does your premium depend on?
- Occupation and discipline: the physical demands and the injury pattern
- Age at inception: and the years remaining until the end age
- Sum insured: the payment amount fixed in advance
- Medical history: earlier injuries and operations
- Definition chosen: own occupation or a wider description of occupation
- Term of the cover: linked to a contract or a fixed period
Insurers weigh these details differently. That is where your saving is.
When a payment follows
| Situation | Career-ending policy | AOV |
|---|---|---|
| A knee injury makes top-level sport permanently impossible, but you can carry on as a coach | Yes | Provided that |
| A tendon injury in your left hand ends your career as a violinist | Yes | Provided that |
| A road accident outside working hours leads to permanent disability and the end of your career | Yes | Yes |
| You are out of action for nine months after an operation and then return in full | No | Yes |
| Burnout makes performing impossible for the time being, with recovery in sight within the year | No | Provided that |
| You stop dancing of your own accord because you are taking a different direction | No | No |
If you take out both policies alongside each other, ask in advance whether one payment is deducted from the other.
Frequently asked questions
This is what people ask us most.
What is the difference from disability insurance?
An AOV pays periodically for as long as illness or an accident prevents you from working, with a waiting period and a benefit period, and assesses whether you can do other suitable work. Career-end cover is aimed at the definitive end of one specific career and normally pays a lump sum fixed in advance. The two do not rule each other out.
Does the policy pay out for illness as well, or only for an accident?
That varies from product to product and is set out on the policy schedule. Some versions cover only the consequences of an accident, others illness as well. That makes a great deal of difference to the premium and the acceptance, and with illness your medical history plays a larger part. Ask about this expressly before you sign and have the answer confirmed in writing.
Who decides that my career is really over?
As a rule a medical adviser appointed by the insurer, on the basis of reports from those treating you. You are obliged to cooperate with that assessment and to provide information. If you disagree with the outcome, the policy often provides for a second opinion; keep careful records of your own medical file from the outset.
Do I have to report an injury straight away?
Yes. Article 7:941 of the Dutch Civil Code requires you to report an event as soon as you are reasonably aware of it, even if it is not yet certain that it will end your career. Reporting late can complicate the assessment and prejudice the insurer. Also report changes in your discipline, level or contract, because those affect the risk that has been accepted.
Every situation is different. For these situations we have a separate page.
- Why we work with different insurersThe main page
- Personal accident insurance for the welfare sector through ChubbVolunteers, participants, circle of insured persons
- Insurance through HienfeldUnderwriting authority, specialist risks, valuation
- Personal accident insurance through Hienfeld
- Musical instrument insurance through HienfeldValuation, transport, climate
- Drone insurance through HienfeldAircraft, registration, flight area
- Personal accident insurance for self-employed professionals (zzp'ers)A fixed amount, permanent disability, no illness cover