- If your income is less than SEK 33 000 but more than SEK 27 500 per month, you will be covered by this income protection insurance from day 101 to 150.
- If you would like extra peace of mind, why not buy supplementary cover that will give you another 150 days - a total of 300 days.
- When you receive cover for income you also get access to Career Coaching!
Calculate your income protection
How income protection insurance works
When you receive cover for income you also get access to Career Coaching. Career Coaching gives you professional and personal help from certified coaches with extensive experience. You will be given practical tools and help to get back on the labour market.
Below there is a general overview of what income protection insurance can give you in the form of benefits and the difference between it and unemployment insurance only for the first 150 days of your unemployment period, as well as benefit levels if you subscribe to the supplementary insurance that provides protection for up to 300 days.
The amounts stated correspond to pre-tax benefits.
Who is covered?
In order to be covered by this insurance, you must have been a member of the union continuously for the 12-month period before you became unemployed.
If you become unemployed
If you receive benefits from a Swedish unemployment insurance fund, you may be entitled to benefits from this insurance. Benefits are paid in arrears and are not liable to tax.
Supplementary insurance – 150 extra days
Extend the number of your benefit days
After the first 150 days, the supplementary insurance gives you up to 80 per cent of your salary, up to SEK 80 000 per month.
*The highest possible insurable salary is SEK 80 000 per month.
How to add 150 extra days
Buy the supplementary insurance because:
- Your security is extended from 150 to 300 days
- You have sufficient time to organize your situation and get a new job
- Extra beneficial if the labour market is slow or if there is a recession
What does the supplementary insurance cost?
The premium for supplementary insurance depends on your monthly salary. The highest insurable salary is SEK 80.000/month.
|Monthly salary||Premium per month|
|20 900 - 25 000||SEK 33|
|25 001 – 30 000||SEK 46|
|30 001 – 36 000||SEK 66|
|36 001 – 43 000||SEK 83|
|43 001 – 50 000||SEK 105|
|50 001 – 55 000||SEK 123|
|55 001 – 60 000||SEK 138|
|60 001 – 68 000||SEK 156|
|68 001 – 75 000||SEK 180|
|75 001 – 80 000||SEK 198|
Who is covered by supplementary insurance?
You are covered by this insurance if you belong to the group qualified for unemployment insurance benefits and if the insurance cover has been in force for twelve months before the date you become unemployed.
You may not have been unemployed during the qualifying period.
Career Coaching – A new service is available for SULF members receiving income protection insurance compensation. Folksam offers this service in cooperation with AS3, a nordic career counselling company. You will be provided with the tools to prepare you for your future working life.
Career Coaching gives you professional and personal help from certified coaches with extensive experience. You will be given practical tools and help to get back on the labour market.
Who does income insurance apply to?
The insurance applies to you in your capacity as a member of your trade union. To be covered by the income insurance, you must have been a member of your union for at least 12 months. You must also be a member of an unemployment insurance fund (a-kassa) under the supervision of the Swedish Unemployment Insurance Inspectorate.
How do I get compensation if I become unemployed?
You can apply for compensation from the insurance by filling in and submitting the form “Application for compensation”, which can be found further up the page (lower down on the mobile site). Remember to enclose the decision from the unemployment insurance fund when submitting your application.
How long do I need to have been a member to be covered by the insurance?
To be covered by the insurance, you must have been a member of the union, without interruption, for the last 12 months prior to commencement of unemployment. Commencement of unemployment refers to the day when you have your first qualifying day for unemployment benefits.
How much is the compensation?
The compensation corresponds to up to 80 per cent of your qualifying income that exceeds the income ceiling applied by the unemployment insurance fund, currently SEK 33,000 per month for the first 100 days of compensation.
A flat-rate deduction is then made corresponding to tax. If you receive other income-related compensation, this may reduce the amount of compensation you receive from the insurance.
Do you have to report your salary before unemployment?
No, as far as the insurance is concerned, you do not need to report anything in advance. In the event of unemployment, you should fill in a form that is then processed by your union. However, in order to help avoid any discussion about the amount of compensation you receive, it is of course important to always ensure that you pay your union dues based on your actual income. You can contact your union to check this.
Who is eligible for compensation?
If you are covered by the insurance and have become unemployed when in receipt of a qualifying income in excess of SEK 33,000 per month, you can receive compensation from the insurance. You must be entitled to income-related unemployment benefits from a Swedish unemployment insurance fund for the period in question. It is the Unemployment Insurance Act (ALF) that states that the qualifying income must be higher than SEK 33,000 per month in order for you to receive compensation from the insurance.
Is the compensation taxable?
No, compensation from the insurance is tax-free and so tax is not paid on it.
When does the insurance apply?
As soon as your union has signed a group agreement with Folksam and you have been granted membership of the union. In order to receive compensation from the income insurance, you must have been a union member for at least 12 months.
When does the insurance expire?
The insurance expires on the first day of the month in which you turn 65 years of age. The insurance ceases to be valid prior to this if the group agreement expires or you leave the union.
Does a change of employer affect the income insurance?
No. This has no effect, provided you still belong to the group eligible for insurance. If you change jobs and move to another industry and subsequently join another union and unemployment insurance fund, eligibility will depend on the rules and membership benefits of the new union.
Why can’t a person receive 100 per cent?
By law, you cannot receive as much in unemployment benefits as in salary; the maximum is 80 per cent.
Benefits and conditions
Qualifying for benefits
- You must have been a member of the union for at least twelve months before the date you became unemployed
- You must be entitled to benefits from the Akademikernas a-kassa, AEA
What to do
Submit your application together with a copy of the decision letter and the first payment slip from AEA, to the address below.
Benefits from the Social Insurance Agency (Activity Support)
Submit your application together with a copy of the decision letter from the AEA, a copy of the decision/instruction from the Employment Service and the first payment notice from the Social Insurance Agency, to the address below.
Good to know
The right to benefits from income protection insurance expires at the end of the month before the month you reach the age of 65.