Kling, Alexander; Russ, Jochen; Schmeiser, Hato - Institut für Versicherungswirtschaft <St. Gallen> - 2005
Newly introduced Government-subsidized pension products in Germany are requiredto contain a promise by the seller to provide a money-back guarantee atthe end of the term. The client is also given the right to stop paying premiums atany time (paid-up option). In this case, the amount of all...