Life insurance as an investment – has had its endowment life insurance?
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The interest on a endowment life insurance invested money will fall this year, this has already been indicated for some time. The reason is simple: The securities in which insurance companies invest the majority of customer deposits are now mostly fixed interest rates. And throw in that low interest rates, as occurs currently with us in Germany since, no real high interest rates.
“Blame” with the low base rate of the European Central Bank. The central bank of the euro currency zone has left the key interest rate still at 1.00 percent. The historically low interest rates led to a drop in fixed-income investments.
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And that’s the fault of the insured. The insurance companies put only limited money in stocks, since they have withdrawn from the stock market due to the financial crisis. Now, however, where the DAX rebounds and now has again exceeded the mark of 6,000 points to get the insurance companies no longer in the aisles and put hardly any money in stocks. And lose money every day, which was supposed to come to their policyholders as good as interest and profit participation.
The Life insurance, Has long been controversial because of the high cost of insurance, therefore, lose more and more right to exist. Much cheaper and more rewarding it is there for the customer to complete a normal term life insurance, which costs little and still brings a lot of the families in case of death – and also to a certain monthly amount Savings Account to save. Thus, the survivor protection is guaranteed, but the money that is saved up is available any time, if something happened. Some banks also offer a bonus savings, will be paid in the month after month, a certain amount, and this has increased by interest and bonus interest every year. In most cases, the latter type of savings was a product with a normal savings account-three months’ notice.
