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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: beitragsfreie Versicherung | Die Hauptversicherung in eine beitragsfreie Versicherung umwandeln.
I'm a bit confused between "paid-up insurance" and "non-contributory insurance" - beitragsfrei matches both. Is there a difference?
TIA |
| Damian HowlettKudoZ activityQuestions: 18 (none open) ( 2 without valid answers) Answers: 19
| | Local time: 10:36
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| | paid-up (frozen) v. non-contrib. (continuing) | Explanation:
My ex-agency's co. pension scheme was stopped and turned into a paid-up scheme. It's non-contributory from that point onwards.
However, if the agency had not docked my own salary for contributions whilst the scheme was live, it would have been non-contributory before turning paid up.
If you know the insurance stops, say paid-up. If not, say non-contributory/ paid-up.
'... employee which is completely paid for by their employer: - a non-contributory insurance policy. - a non-contributory pension plan. ...' |
| Selected response from:
xxxKirstyMacC
Local time: 09:36
| Grading comment Thanks for your help.
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