Special form of loan in which a life insurance policy is deposited as collateral. The surrender value stated in the policy then also determines the maximum loan amount. As a rule, lenders therefore waive the credit check that would otherwise be required for granting a loan. Lenders include the insurance companies themselves as well as banks and companies in the secondary market for life insurance policies. The legal basis for the policy loan is §169 VVG. – See Policy Exchange, Life Insurance, Secondary Market.
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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/
Passende Formel
Annuitätentilgung
Konstante Annuität, Zinsanteil, Tilgungsanteil und Restschuld berechnen.
Formel vollständig öffnen