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annuïtair dalende overlijdensrisicoverzekering

English translation: decreasing, annuity-based life insurance or assurance

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	annuïtair dalende overlijdensrisicoverzekering
English translation:	decreasing, annuity-based life insurance or assurance
Entered by:	Jack den Haan

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18:44 Feb 15, 2008

Dutch to English translations [PRO]
Bus/Financial - Insurance

Dutch term or phrase: annuïtair dalende overlijdensrisicoverzekering

It's the 'annuitair' bit I am not sure about - it is contrasted with 'linear decreasing term life assurance'. I have been trying to working it out from the example in:
http://www.verzekervoordelig.nl/verzekeringen/zorg_en_inkome... but my maths is not up to it. Something to do with annuities ? Is it geometric instead of linear.

Brian Moses KudoZ activity Questions: 85 (5 open) (3 without valid answers) (7 closed without grading) Answers: 2
Local time: 06:33

decreasing, annuity-based life insurance or assurance

Explanation:
I'm not a specialist in insurance matters -- gelukkig heb ik meer verstand van techniek ;-) -- but linguistically speaking this should do the trick. I guess annuity-based life insurance would be analogous to annuity mortgage schemes. I used to know all about that when I bought my house 20 years ago, but I must admit the finer details of this financial construction have since escaped me...