Marriage insurance

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The marriage - or modulation insurance is a form of capital-forming life insurance provided by a provider , i. A. the father, as the policyholder for a daughter, the beneficiary . The following provisions often apply to marriage insurance - of course, these may differ from the details shown here.

Characteristics

Entry age

The daughter must not have reached the age of 12 when the insurance was taken out.

Benefit in the event of marriage or expiration

The insurance benefit is made in the amount of the agreed sum insured

  • on the daughter's 18th birthday if she marries before her 18th birthday,
  • at the time of the marriage if the daughter marries between the 18th and 25th birthday,
  • on the daughter's 25th birthday, if the daughter has not married by then.

Death benefit

If the daughter dies during the term of the insurance, the premiums paid up to then will be refunded.

Premium payment

The utility pays regular premiums, but the premium payment ends

  • when the insured event occurs and
  • in the event of the death of the provider or the death of the daughter.

Bonus components

With the premiums must

  • the marriage risk - the insurance benefit can be due before the daughter's 25th birthday - and
  • a death risk is covered - if the provider dies, the contract continues as if the contributions were still being paid -
  • the sum insured saved,
  • the insurance company's acquisition and administrative costs are covered
  • and in Austria the insurance tax of 4% must be paid.

The guaranteed sum insured can therefore be smaller than the sum of the contributions to be paid up to the age of 25 due to the high and therefore expensive marriage risk.

Profit sharing

Marriage insurances, like classic mixed insurances, are profit-sharing, in addition to interest and cost gains, there are also risk gains, but the risk result with this type of insurance is often negative.

Surpluses are i. A. Accumulated with interest and paid out at the end of the contract together with the insurance benefit.

additions

The dowry insurance has a special position in the insurance sector in that the insurance benefit is due even though the insured event is not caused intentionally by the policyholder but by the beneficiary .