Glossary

Postponed old age pension insurance

When one designates postponed old age pension insurance the payment of a lifelong old-age pension to a certain, in the future lying, date. The contributions…

Assistance - achievements

The service achievements of the insurance company one calls Assistance - achievements. Most insurers assign an external service enterprise for the contribution of the insurance payments….

Equivalence principle

One calls an equilibrium between premium payments of the insured ones and the expenditures of the insurer the equivalence principle. This is an equilibrium between…

Age resetting

The age resetting has a completely determined sense and purpose. Since at the age the risk rises at illnesses, one has…

Registrar

All life insurance enterprises are obligate the perfect calculation of the life insurance contributions to answer for. To it belongs also that all risks are taken into account, which…

Fetch cycle

So that one can remain flexible at the time of the disbursement, the insured one can take up a fetch cycle to the contract also. This…

Conclusion costs

With disbursement of the insured sum also the conclusion costs so called become due. They sit down together from the following costs: Acquisition costs, salaries…

Expiration achievement

The amount, which is disbursed at the end of the contract running time, calls itself expiration achievement. It sits down together from the deposited contributions,…