Glossary:

There is a difference between conventional capital life insurances and fund-bound life insurances. They differ by a substantial characteristic: The part of the premium, which for the covering of the insurance-technical risk is not intended, is put on not in values of each kind, but in securities, as for instance shares. How high this portion is, the insured one determines. This capital is put on in fund depots. The insurant can select these depots themselves and gain so as high a net yield as possible.

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