Customers can terminate Rüruprenten and basic pensions at any time

– How insurers use ineffective terms and conditions and sales lies to cancel contracts – New ruling by the Federal Court of Justice confirms general terminability The Federal Court of Justice (BGH judgement of 01.12.2011, ref. IX ZR 79/11) recently ruled: The saved capital in Rürup contracts (also known as basic pensions) is generally not […]

Federal agency omits legal fortune imputation with Rürup savers – employment agency ignores will of the legislator

– How insurers’ lies are believed and harm the middle class by the millions – No security for imputation due to Hartz IV and other social benefits In an admirable act of lobbying, life insurers have succeeded in persuading intermediaries, customers and even the Federal Employment Agency that the capital saved for Rürup pensions would […]

Rüruprente: The chimera of unseizability

In a legal doctoral thesis it is claimed that without a surrender value in a life insurance policy – as allegedly given in basic pension contracts – any amount of money can be protected as assets, protected from creditors and insolvency administrators. However, caution is advised here. In a new textbook, originally a doctoral thesis […]

Rürup pension: Frequent false advice from brokers

– When incomplete advice enables the complete reversal – The OLG Saarbrücken (judgement of 26.02.2014, file no. 5 U 64/13) decided that the insurance broker has to point out the differences between the Rürup or basic pension and other models of a flexible private pension (already: OLG Stuttgart, in: VersR 2007, 1069). For example, information […]

Rürup pension: Researcher criticizes high costs

The costs for commission and administration eat up a large part of the return on the Rürup pension, calculates a Chemnitz professor. The customer usually has no idea what is going on – the information in the product information sheets is going in the wrong direction.   Link: http://www.procontra-online.de/artikel/date/2017/10/ruerup-rente-forscher-bemaengelt-hohe-kosten/

Errors in advice on the tax savings model for the Rürup pension

Why the mediation of the basic pension almost certainly leads to the liability of the intermediary.   The Rürup pension was sold millions of times as a tax-saving model. As a matter of course, savings by paying insurance premiums in the savings phase are then precalculated by the agent or broker. However, if documentation has […]

Federal Minister of Finance: saved Rürup capital can be seized

– only precaution on social assistance level may be protected from creditors –   The sales market of the securitization of the Rürup capital For many years, insurance associations, insurers and the insurance sales force have been praising the Rüruprente in advertising brochures as a seizure-protected old age provision. Now, according to a new letter […]

Infinitely high unseizability of Rüruprente or basic pension confirmed

Rürup annuities or basic annuities are in principle not inheritable by contract, as agreed with the insurer, nor can they be properly terminated, lent or sold, nor pledged.   This requirement for tax deduction results from § 10 I No. 2b EStG. Experts of the company “Wikipedia” think that the Rüruprente according to § 851c […]

Lawyer recommends to conclude basic pension (Rürup pension) explicitly with stupid insurance brokers

Rürup pension: As the first lawyer in Germany, the well-known Munich lawyer Dr. Johannes Fiala expressly recommends the search for a stupid insurance agent. The statement is supported by the actuary and co-author Peter A. Schramm. This applies in particular to Rürup contracts, which promise attachment security during the savings phase. Ensure security against seizure […]

Rürup: No attachable surrender value? Yes, I do!

Rürup annuities or basic annuities are in principle not inheritable by contract, as agreed with the insurer, nor can they be properly terminated, lent or sold, nor pledged. This requirement for tax deduction results from § 10 I No. 2b EStG. Experts from “Wikipedia” think that the Rüruprente according to § 851c II ZPO represent […]