Trade, economy, finance, banks & insurances Press release by: Law Firm Dr. Johannes Fiala (openPR) – insurance companies owe half of the “ungezillmerten” fund credit with fund-bound capital life insurances – many humans are too well educated, in order to speak with full mouth; but they have no doubts to do this with empty head. […]
– Insurance companies owe half of the “unzillmerized” fund balance in the case of unit-linked endowment life insurance-. Many people are too well brought up to speak with their mouths full; but they have no qualms about doing so with their heads empty. (Orson Welles) Billions in additional claims for life insurance customers The […]
– Insurance companies owe half of the “unzillmerized” fund balance in the case of unit-linked endowment life insurance-. *by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law (BA Heidenheim, Univ. of Cooperative Education), (www.fiala.de) and Dipl.-.Math. Peter A. […]
– How capital investors can be deceived systematically also by “money back! order” – Current BGH ruling on the invalidity of “money-back orders The Federal Court of Justice (BGH. Judgment of 11.12.2013, Ref. IV ZR 46/13) ruled that the purchase of “used” life insurance policies is null and void unless it is a genuine […]
– When government subsidies and legal requirements later become a yield trap – Increasing periods of employment in the low-wage sector or as a Hartz IV recipient reduce the prospects of the subsistence minimum in working life as well as later as a pensioner. While a fine may not affect the garnishment-free income, Hartz […]
Insurance law: inform in good time Nowadays, there is almost no aspect of life that cannot be covered by a insurance. The field of insurance law is broadly diversified and applies both in the area of private provision and in corporate risk minimization. Many insurances are almost regarded as basic equipment for a “carefree” life. […]
Insurance products supervised by the Federal Financial Supervisory Authority (BaFin) may also be null and void on the grounds of immorality. This then also applies to the contract with consultants and agents. The investor therefore has no claim to be protected from receiving false advice: A release from liability without any financial loss liability (VSH). […]
Pursuant to § 7 Para. 1 of the German Insurance Contract Act (VVG 2008), insurance companies must inform their customers in text form of the “contractual provisions, including the general terms and conditions of insurance, as well as the information specified in a statutory instrument pursuant to Para. 2” before concluding a contract. This […]
Life insurance policies for the repayment of construction loans The combination of several financial products (e.g. building loan and life insurance, real estate loan and building society contract) promises the investor additional income through possible interest rate differences or tax savings, and at the same time additional commission for the agent. However, it is not […]
– Why Run Off is an issue for all life insurers -. All life insurance companies are largely in run off. This is because, with the exception of parts of the portfolio with the current guaranteed interest rate and unit-linked business, all other insurance contracts are actually just being wound up. because it’s closed to […]
