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German to English translations [PRO]
Bus/Financial - Insurance / Swiss insurance legislation | | German term or phrase: Auskauf der Rente | Der Anspruch auf einer Rente erlischt mit der gänzlichen Abfindung, mit dem Auskauf der Rente oder dem Tod des Versicherten.
TIA for any help with understanding |
| Helen JordanKudoZ activityQuestions: 568 ( 6 open) ( 6 without valid answers) ( 1 closed without grading) Answers: 0
| Local time: 09:28
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| | pension buyout | Explanation:
"During the past year, the Department of Veterans Affairs (VA), Office of Inspector General (OIG) received several inquiries from veterans concerning a number of companies offering instant cash in exchange for future pension or disability payments. The inquiries focused on the legality of these offers of a lump-sum cash payment in return for VA benefits. There was also concern that unsuspecting veterans were being targeted and taken advantage of with these pension buyout offers."
http://66.102.9.104/search?q=cache:V4Ubb260ntcJ:www.state.de...
"Rentenauskauf
Die Versicherungsunternehmung kann jederzeit eine Invaliden- oder Hinterlassenenrente nach ihrem Barwert auskaufen, wenn die Heimatgemeinde des Rentenbezügers und die Fürstliche Regierung damit einverstanden sind."
http://www.gesetze.li/html/lgbl_suche2.xsql?Jahr=1931&Nr=2&S...
You can Google "Rentenauskauf" for more info.
In your sentence, perhaps "... expires upon ..., buyout of the pension ..." |
| Selected response from:
TonyTK
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