Search results for: Life annuity

Liability for real estate loans and equity financing with life insurance – banks, insurance companies and brokers are responsible for repayment

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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 […]

Foreign life, pension and health insurance: Opportunities and risks for insurance companies and insurance brokers

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Foreign insurance companies, especially those from the European Economic Area (EEA) and the European Union (EU) are increasingly competing with domestic providers. For insurance intermediaries and insurance customers, this creates risks, but also opportunities. In private health insurance we see only the beginning of a development here. EEA and EU insurers must obtain a certificate […]

Basic information on life insurance

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– Why life insurance works collectively and nobody gets anything taken away -.   The new law to ensure stable and fair benefits for life insurance policyholders (Life Insurance Reform Act – LVRG) leads to noticeable benefit cuts for insurance customers and is intended to strengthen the risk-bearing capacity of insurers. Life insurers already had […]

Act to ensure stable and fair benefits for life insurance policyholders (LVRG)

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– Why life insurance works collectively –   The new law to ensure stable and fair benefits for life insurance policyholders (Life Insurance Reform Act – LVRG) leads to noticeable benefit cuts for insurance customers and is intended to strengthen the risk-bearing capacity of insurers. Life insurers already had up to one and a half […]

Life insurance: Why they work collectively and take nothing away from anyone……

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The new law to ensure stable and fair benefits for life insurance policyholders (Life Insurance Reform Act – LVRG) leads to noticeable benefit cuts for insurance customers and is intended to strengthen the risk-bearing capacity of insurers. Life insurers already had up to one and a half dozen options open to them for reducing benefits […]

When the revocation of life, pension and other insurance policies can be worthwhile

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Federal Supreme Court: Insurance benefits remain with the recipient despite revocation   Since a decision by the European Court of Justice (ECJ) on 19.12.2013 (AZ: C-209), doctors and dentists are increasingly checking whether they can still revoke their insurance policies. The aim is to recover the insurance premiums paid or, in many cases, to unwind […]

Life insurance for financing and in insolvency

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Differences in family provision and succession arrangements at home and abroad   The Federal Court of Justice (BGH) ruled in its judgment of 27 September 2012 (Case IX ZR 15/12) that the granting of an irrevocable subscription right – solely for the payment of a life insurance policy in the event of death – is […]

Losses of up to more than 15 % on life insurance policies due to the stroke of the pen by the legislator

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For more than 10 years, the yields of life insurance policies have been suffering from the low capital market interest rates. As a result, reductions of up to more than 30 % compared to the expectations raised until the turn of the millennium are the rule. However, customers with terminated or expired policies have been […]

Life insurance policies are often part of the insolvency estate

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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 […]

Investors bear risks of poor life insurance returns

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Time and again, investors have fallen for “non-binding annuity forecasts” from life insurance companies – the agent and the advertising material of some companies suggest dream returns of, for example, 12.9 percent or even 31.2 percent to the customer, especially in the case of British policies. At times, clear warnings that such returns are not […]