Chamber professionals expect the abandonment of the expectancy procedure in the pension funds

– Why the capital market with compound interest effect does not allow us to expect higher pensions –   For years, insiders have been reporting difficulties in the pension funds in generating the promised returns to finance pensions. While the management of a Versorgungskammer used to pat themselves on the back year after year because […]

Legal advice for your private pension provision

Private pension provision and its pitfalls Anyone who wants to take out insurance for old age cannot afford to ignore a private pension plan today. The standard of living with the statutory pension in the future is doubtful. A well thought-out concept for a private pension scheme is therefore equally important for self-employed and employees. […]

finance and risk control

More wealth in a planned and controlled manner The own assets in a planned and future-oriented management as well as value-enhancing and risk-optimized investment requires the highest degree of Knowledge and Time. Not everyone who has made it to a certain fortune is also a finance or controlling expert and so it is advisable to […]

Corona pandemic: Continued dispute over plant closure insurance

The refusal of insurers to provide benefits due to corona-related plant closures continues to make big waves. Voluntary settlement offers for business closure insurance are being critically reviewed, and complaints from businesses are being investigated. The first litigation financiers appear on the scene.   The restaurants may (soon) open again. However, not a day goes […]

The solution to ongoing premium increases in private health insurance

Probably most members of a private health insurance company will be annoyed about the annual premium increases, which are particularly serious with increasing age. As a solution, private health insurance companies usually offer a succinct explanation: in order to maintain the previous contribution, one could even do without some of the benefits previously covered. In […]

Guarantees with British people usually only at expiration

  British with-profits policies provide for lower guarantees than the endowment policies offered by German life insurers. These guarantees also cover the scheduled expiry date and therefore usually do not apply in the event of premature termination or partial termination, wrongly so. British life insurers invest mainly in equities; in the past, with a share […]

The late switch back to statutory health insurance and other alternatives

– Why the complete departure from private health insurance is questionable –   A 55-year-old man reports to an actuarial expert after his private health insurance (PKV) has more than doubled its premiums within nine years, even though he has been insured for almost thirty years. The actuary replies, yes, I just calculated that for […]

The late switch back to statutory health insurance and other alternatives

A 55-year-old man reports to an actuarial expert after his private health insurance (PKV) has more than doubled its premiums within nine years, even though he has been insured for almost thirty years. The actuary replies, yes, I just calculated that for a client – around 8% annual increases are quite realistic, especially if you […]

Life insurance policies are often part of the insolvency estate

When reinsurance and direct insurance can be gone The Federal Labour Court (Bundesarbeitsgericht, BAG, judgment of 17.01.2012, Case No. 3 AZR 10/10) recently ruled that an insolvency administrator may access life insurance policies for the company pension scheme even if the employment contract states, for example: “The life insurance policy … is and remains the […]

Is an insurer or broker liable if its analysis software calculates incorrectly and consequently makes incorrect recommendations to the customer?

From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”:   At this point, lawyer Dr. Johannes Fiala, https://www.fiala.de, lecturer for insurance law at the DHBW Heidenheim, will answer your questions. You can ask questions by sending an email to ott@dhbw-heidenheim.de.   In the case […]