There are a variety of reasons, why do people separate from their life insurance policies and sell their life or pension insurance. While the sale of insurance is still the exception. The majority of citizens simply announces his life insurance money. Accordingly, resulting losses. For many years consumer watchdogs and market participants are not one hundred percent sure whether you should sell its insurance or simply to rest.
This has but rather something to do that through the sale of life insurance, the entitlement of the risk protection is lost. This can present itself but much easier through a pure risk life insurance. Namely to make his life insurance money on rest, administration fees continues. That bit, what mostly has built the insurance, thus also less and less \”, explains Jens Heidenreich, who heads up the project of LV doctor. LV doctor is one of the leading platforms in Germany, which supports owners of life or annuities. This can be also to already announced insurance companies. Usually you queries first the so-called surrender value at the life insurance company. This is the value that is to one, when it announces a life insurance policy.
Here you should be careful, because there is a judgment of the Supreme Court, the Federal Court of Justice, whereby higher refunds at the termination of an insurance policy are available to citizens, as many life insurers want to voluntarily pay. In addition, you should inform himself elsewhere before it announces a life insurance policy. The platform LV doctor is as a place apart from the consumer centres. Also the secondary market for insurance, which is offered for several years in Germany provides an opportunity. Its purchaser specialise in the purchase of life insurance. The provider of the secondary market often offer a higher value than the buy-back value because they want to continue the insurance and profit from the so-called final victory.