Contracts offered in life insurance where an investor pays a fixed sum into a life insurance policy with a good interest rate. However, it is possible to terminate the insurance contract at short notice without incurring losses. The calculation of the contract partners is based only on the two calculation bases of interest and costs; no life statistical data (biometric data) such as mortality tables are required. In this respect, capitalization transactions are not insurance transactions in the original sense. Regulators have now issued their own regulations for such contracts. – Life insurance policy trading, policy exchange, viatical market. Cf. 2010 Annual Report of BaFin, p. 87 f. (rulings relating to capitalization transactions).
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