What you should know about capital life and pension insurance. Insurers are not banks, but still make a huge deal with the lending of money. Whether mortgage – loan or private loan insurance companies with the money of the policyholder generously bypass when waving a neat profit. However, the customer of these yields participates because most of it is reserved to the shareholders. Differently than banks, if the money that life insurance companies give not foreign capital, but the deposits, so that even paid money of the Beleihers. Because there is no foreign capital that must only be procured, as well to no fictitious capital in the form of shares, but real money paid by the policyholder, insurance companies also bear no risk.
It one the question arises, why charge the insurance companies then bank interest. Imagine the following scenario. Someone goes to his bank, stands a sum of money from his savings account and must pay interest to the Bank. The world would touch on the head. But that’s the problem with an insurance loan.
The Beleiher pays interest on their own money. Of course, the very clever stand up even if such an argument and point to the low interest rates on the bank deposit. What they don’t say, but, is the fact that the interest rate of a life or pension insurance no German better is. The guaranteed interest rate will be constantly revised downwards and the projected interest rate achieved in reality barely black zero!” The customers of life insurance are no investor community as we know it from building societies, every man for himself alone populates its cover pot and should get off actually by the profit of the company. But the whole procedure is back and not the front. Not a policyholder really knows what is happening to his money. No one can understand the cost structure of these companies, but anyone who terminates prematurely, is experiencing a bitter awakening, if none or only a low Buy-back value will be paid out. Who must prematurely terminate its capital life or pension insurance or intention to cancel reason reasons, should each case command on a company that has the appropriate experience with legal notices. The consumer protection project Ciao LV offers you his experience and assistance to. Information-Forum-Board WORLD Consult Net under or by the specialists of our network of Hans-Jurgen Bell