Life Insurance Blog

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Statistically, there are approximately only 20% of all life insurance policies at the time of payment. This shows that the life situations are foreseen for such a long period and hard that the monthly contributions into savings schemes are equipped probably different efficiency.

At first one thinks that we could cancel life insurance. Of course, but compared to the sale of life insurance, it has distinct financial disadvantage. When you receive a notice that is only the cash surrender value of your life insurance, it offers less capital gains tax and solidarity surcharge.

The surrender value of life insurance is primarily in the first years of very low or virtually zero, since your first contributions will be settled with the commission and the internal fees and costs. Therefore, there are regularly better as cheaper ways to sell life insurance in Germany.

If you sell life insurance, you have the following advantages.

Making more money
You usually receive a tax-free payment that is higher than 10-15%, depending on the environment than in a termination of life insurance. From 2009 for some sales, the new withholding tax.

Death is assured
The sale is related to the termination of the death benefit and get the right amount, because the insured person remains the same.

Great administration
Professional providers also ensure an orderly, reliable transaction. But remember that even here there are certain minimum surrender value must be, otherwise the buyer is also responsible for the life insurance of little value. Depending on the provider, the minimum surrender values in life insurance policies vary around 5,000 €, with unit-linked life insurance, also only from 25.000 €.

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