A company which, in return for contributions, provides its members with benefits in the event of the death (decease) of the insured person. In earlier times, such an institution was also known as a grave fund, a corpse fund, a death fund, a mortality fund and a burial fund, and was usually organized as a cooperative. – In Germany, such insurance companies are subject to supervision by the German Federal Financial Supervisory Authority (BaFin); statistical and supervisory information is provided in its annual reports. – See life insurance, death benefits, Trägergeld – See BaFin’s 2004 annual report, p. 158 (solvency of death benefit funds), BaFin’s 2005 statistics (primary insurance companies), p. 41 ff. (detailed information), BaFin’s 2006 annual report, p. 87 (exemption from supervision), BaFin’s 2009 annual report, p. 83, p. 89 (statistical information), and the respective BaFin annual report, chapter “Supervision of insurance companies and pension funds.” In the respective annual report “Statistics on primary insurance undertakings and pension funds” of BaFin also overview of contributions, investments and the earnings situation of the companies in Germany as well as further key figures with explanations.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/