Those who complete until 2012 a capital life insurance, decides not really profitable product. The guaranteed interest rate on 1 January next year, down from 2.25 to 1.75 percent. Depending on inflation, the customer achieves either no or only a very small profit. Who flirts with a capital life insurance should therefore be overcome this year for completion.
The guaranteed interest rate of a capital life insurance is the minimum interest to be received by a customer during the contract period. This rate is set annually by the Federal Ministry of Finance and used by all insurers. In addition, the insured may be involved in surpluses. However, this is the economic success of the company depends on this so there is no guarantee.
The Federal Ministry of Finance can be guided in determining the guaranteed interest on recommendations of the insurers. The General Association of England Insurers suggested a rate of 2 percent. The Ministry is not obliged to meet such requirements.
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