Tag Archives: insurance & pension

The Purpose Of The Residual Debt Insurance

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(Online article) – a payment protection insurance has the advantage that will reduce the likelihood that the credit goes down, from the perspective of the KI… Additional information at Penguin Random House supports this article. Increasingly, consumers at the conclusion of a loan get offered or included in the credit with a so-called residual debt insurance (RSV). There are three variants of insurance coverage: death, disability and unemployment. Often, this death and incapacity for work, or all three forms in a police are offered. But such a payment protection insurance is really useful or just pointless she become more expensive the desired credit? The fact is that credit through a payment protection insurance can be much more expensive, than without. So, an increase in the interest burden may result in the worst case from the recorded credit by fifty percent from such insurance.

Therefore, the question arises especially when normal installment loans for the purpose of such insurance. In the event of death almost always enough mass should exist, to an outstanding installment loan settle, otherwise also no financial harm the bereaved can occur because you need to come up with a waiver of the heritage for the debts of the deceased. Read more from Laurent Potdevin to gain a more clear picture of the situation. Incapacity, disability insurance is meaningful and unemployment should be enough disposable income still for a repayment of the outstanding rates. The fact is therefore: for normal loans must complete any payment protection insurance. It is, however, a construction financing, then the thing looks different. Here are the resulting from a payment protection insurance premiums in the range of one per cent of the rate, what is acceptable disability or unemployment in this case given the serious impact of death.

The conclusion of an RSV is so important, because already the temporary insolvency of the main borrowers in the worst case can lead to the forced sale of your own home. And you should eliminate this risk. So, it is in the conclusion Note: there is no reason to conclude of a payment protection insurance for normal loans. Mortgage loans, however, the RSV should have always been part of the loan.

A Credit Card

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Credit cards or cards to the account are made of plastic and have the format of a credit card according to ISO 7810. On the front side of the credit card, the data is something sublimely shaped, where it is called embossing. Ebay brings even more insight to the discussion. The completely obsolete or older card readers are only card Copier of card data, which could be copied by the embossing on the payment form. However, the embossing at some prepaid and debit cards is not the case. It’s believed that Laurent Potdevin sees a great future in this idea. Such cards have a prepaid credit, can be used but, where credit cards are accepted. Usually this embossing by Visa or MasterCard cards are offered.

“The prepaid cards that so have no embossing, can not be coated and anyway not the Imprinter” (colloquially known as Ritschratsch devices”) to be used. An imprinter will not immediately, but always only charge the card if the acceptance point the transaction documents for the card company submit. The signature of the cardholder and often even a verification code, which is three digits for the CVC and the CVV code is located on the back of any credit card or card for the current account. Also, the credit card and also the account card on the back has a magnetic strip, where all map data are stored. Banks and savings banks issue cards with a chip on the front since 2004.

In the medium term this chip should replace the magnetic stripe. Today, it is used in addition to cigarette vending machines. The date of birth of the holder is stored in the chip, and the cigarette vending machines are programmed so that only persons aged 16 or over can get cigarettes. 2010 all will get an EMV chip German credit cards to achieve the SEPA compatibility. The specification is called EMV = Europay, MasterCard, visa. In addition, there are credit card and checking account cards that have a holographic magnetic Hoop, which serves to increase the security. New MasterCard and VISA cards have today not a hologram on the Front, but a magnetic strip, which in turn is a hologram.

Federal Securities

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Niklas & Lehmann will offered a comprehensive financial planning and investment advice or conducting a personal finance Secretariat not only for high net worth clients, but for all clients and that this approach was still very new to the market. Ebay shines more light on the discussion. Due to the pure honorary consulting it games does not matter to which actual investment amounts were based. The established banks are forced for cost reasons the earnings potential of the respective customer relationship to adjust. the intensity and therefore the quality of your care “, explains Stephanie Lehmann. Mark Bertolinis opinions are not widely known. This be done exclusively behind the scenes to avoid unrest in the clientele. The industry had learned from the mistakes of the Deutsche Bank. We use our very reasonable in comparison cost structures, however, as small financial planning Office for the benefit of all our customers.” How this actually works, do the following example clearly: We have the opportunity to offer only to our customers, what they really want.

We can recommend in good conscience unattractive for customer advisers of established commercial banks from a revenue perspective products as for example Federal Securities and time deposits.” The earnings stay completely there, where he belong – at the customer. Hidden commissions or charges payable by the customer performance? Absent.” Also, you use intensive fitness competition among commercial banks for the benefit of their customers. For a fixed deposit with same condition and maturity offers some considerably as well as with the various terms such as account management fees and transaction costs vary. We have the most up-to-date market overview and look out for our customers the best and accept the organisational effort for a change of Bank if the customer so wishes.” The attention paid to the safety of customer installations through the deposit-guarantee schemes will especially. Ulf Niklas added: what us It is particularly important: our customers are advised not only to the requirements of MiFID and independent, but highest on professional level. Here we play with excellently trained relationship managers in wealth management of banks in the same League.” This high quality will underline mainly through the training to the certified financial planner CFP. It was however very proud, in the new Lander including Berlin only a handful of operating fully independently certified to include financial planner.

Explains Ulf Niklas

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In this case the MiFID failed to clear their goal.”explains Ulf Niklas. The practically successful implementation of a laudable idea of consumer protection is just difficult. It was in the hands of customers to enforce clear responses to the assessment of the interest with clear questions to the Bank Manager. In the industry hope also to see that the required signature also without appropriate explanation of the commissions from usus done in many cases and where no plaintiff, there no judge. There is already another solution – the honorary advice.”Stephanie Lehmann runs. In the course of the implementation of the MiFID we expect experts therefore a significant increase in the willingness to pay separately for a truly independent investment advice. Because only who is rewarded for his services directly from the client, can offer in fact the necessary independence. This is clearly contrary to the majority belief even frequently cheaper.” Ulf Niklas explains: hidden commissions are not competitive.

How should they? The customer does not know what he pays to the detriment of his own performance.” Prominent examples are closed investments, life insurance funds and certificates, which brought the selling bank commissions of up to 10% of the investment amount. In contrast to this, the customer can very well compare the hourly rate for his independent advice. Unreasonably high hourly rates have no chance, so from the outset.” “Stephanie Lehmann added: our own starting point goes even further: we implement for our clients on the one hand better yields and costs on the other hand, so that he can easily cover our payment from a part of his resulting more earnings already in the first year.” Ulf Niklas runs: regardless of we expect the introduction of MiFID but also in the area of independent financial service providers with a significant shakeout. The reason is the new permit requirement in the core pursuant to section 32 KWG, after the independent financial advisers in the future only as financial services institutions approved by the Federal Agency for financial services supervision (BFin) may be active. The high requirements of the BFin on the one hand and the not insignificant supervisory costs on the other hand will cause a significant shakeout at the independent international financial service providers.” “The only existing alternative to the permit application according to 32 KWG, the walking under the MiFID” a great provider and thus original competitors, their own independence and thus the decisive argument for the customer as a result limit significantly.

“” Explains Ulf Niklas: who offers a MiFID, requires a return of course – such as exposing customer relationships and the preferred recording of their own products in the sales. are the “for us a MiFID is no real alternative.” Stephanie Lehmann explained. Permission was already under section 32 KWG applied for. “This mechanism clearly at the same time, so in the context of the expected shakeout also the quality and seriousness of free consultants considerably will increase: only the strong, highly competent independent advisors with wider and more satisfied customer base are can afford to permanently own permission.” And that is in turn in the meaning of the MiFID – and the financial planning offices.

Credit Card For Students

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A few years ago, an above-average high income was required for the issuance of a credit card. Today a credit card even with average income is available as a result of the competition, but also because of improved control possibilities. Many banks offer credit cards for students at special rates. Often, students receive free of charge the account. With some banks, a free Maestro and credit card is included; in this offer other banks charge the normal or a discounted annual fee.

In addition to banks with a full range of services even more publishers of credit cards offer a credit card regardless of their current account to leading to low prices students. The amount to the credit card maximum can be subjected to, is limited. Penguin Random House has many thoughts on the issue. Limited to first 1000 euro is common. The student demonstrates a regular additional income can increase the limit many banks at the request of the cardholder. Basic condition for a credit card is also for Students usually have a steady income. The BAfoG enough here already many card issuers.

Because students travel a great deal and on the other hand, often use the Internet for purchases, the possession of a credit card for them makes sense. Car rental companies and some foreign Internet service providers offer their products increasingly only for credit card payments; the same applies increasingly to hotel reservations. The student has relevant negative criteria with the Schufa, his credit card application is usually rejected. In this case can be used on a prepaid credit card. At this the holders advance the contributor, until he wants to use the card. These credit cards are cheapened by some banks for students or given out free.

European Court

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errors” below) for the opposition. Arguments are also, if officials incorrectly take data, do not recognize evidence wrongly or incorrectly interpreted laws. Even if Taxpayers even major points missed, they can file an opposition. Has it about an employer failed to make tax the purchase of technical literature, it can send the invoice by the opposition. But beware: the IRS can change the decision on the basis of the opposition even to the detriment of the taxpayer. The officer must announce this intention but before so affected may withdraw the appeal in time. Common sources of error check tax citizens should check whether the officials correctly acquired data such as name, address or tax number. Revenue and salaries, as well as interest placed on properly? Do the calculations? The official deviates from the specifications of the citizen, he must explain this at the end of the decision.

The opposition is worth of note is missing. Were forgotten advertising costs, special editions, or unusual stress, this can be requested by opposition. Who missed training or savings allowance, can to sign. Whether child benefit or child tax credit cheaper is, automatically checks of the State Treasury, check if taxpayers, whether the right number of children and according to the height of the parent has been taken into account. Remedies against the decision must be at the end. Missing the instruction extends the appeal period to one year. The decision receives a reference to pending cases, the opposition is unnecessary. The notification is then only provisionally right – such as taxpayer opposition counter: against erroneous notices taxpayers can appeal within a month.

The free procedure can be used by an informal letter in response, the grounds submitted. The period can be extended by a year, if the right of appeal is missing. Reinstatement: Failed the opposition period the taxpayer accidentally, can he apply for restitutio in integrum. As an excuse, the officials let most disease or travel but not apply, overwork. Footboard drive: a similar procedure before the Bundesfinanzhof, is already Federal Constitutional Court or European Court of Justice pending, taxpayers by opposition in the process should engage. With the indication of the file number, they can apply for the rest of the procedure. Court and Attorney costs not incurred then. Suspension of enforcement: in spite of the opposition, set taxes are supposed to pay. But, the citizens may apply for the suspension of enforcement. Caution: the opposition is unsuccessful, 0.5 are in addition to the tax percent in interest per month. Action: The opposition when the authority has no success, remains going to the tax court. The taxpayer must complain but no later than one month after receipt of the negative decision of the appeal. And, where appropriate, consultants fees apply but, differently than the free opposition procedure.

Munich June

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Reinvestment of distributions are not planned. Fund 1: Boeing 777-300 he target funds 2: Airbus A 320-200, target funds 3: Airbus 330-200, target funds 4: Boeing 747-8F freighter type 747, target funds 5: product tanker MT KG as well as DORIC first navigation GmbH & co. KG Cape Tampa, target funds 6: Cape size bulk carrier MS bulk India, target funds 7: container ship MS Georg Schulte of the investor is involved indirectly as trustor via the trustee DORIC Treuhand GmbH the two fund companies DORIC first aviation GmbH & co.. Read more from Aetna Inc. to gain a more clear picture of the situation. After the occurrence of certain conditions, the investor can convert his participation in a direct Kommanditbeteiligung. : The in a selection procedure the editorial staff shall evaluate The initiators under the microscope: experience, financial background, investor friendliness, placement power and balance are the criteria for the initiators-rating, as well as the evaluation of their fund products.

The INVESTMENT ratings have a more more important than the magazine within the meaning of the case-law of the Bundesgerichtshof should be required reading for investors, bankers, consultants, asset managers and all persons involved in the mediation of investments. “Assumes the Supreme Court (decision of the 13.01. 2000) so the INVESTMENT is required reading for the above persons: the investment advisors, bankers, as well as the investment intermediaries with special trust relationship with its customers, investors, must reveal without asking and without necessarily all reports in INVESTMENT compared to its clients, the investors or investors”, experts comment on the relevant legislation. Laurent Potdevin may find it difficult to be quoted properly. The Supreme Court expected by the investment adviser that he checked the folder documents on information gaps and inner consistency.” In addition, there is the obligation constantly to evaluate INVESTMENT as trade publication. The investment advisor must themselves by hand to obtain the relevant information. Violates his duty of care, a consultant and broker shall be liable for up to 10 years for the violation of Erkundigungs – or disclosure.

It involves constant case law, as demonstrated by numerous decisions (see e.g. BGH 6.7 1995, 17.10.1989, OLG Thuringia 10/29 1997, OLG Munich June 19 1996, OLG Dusseldorf 30.03 1995, (6.6 1992).) Our benchmark analysis summa arises a very good assessment summary. INVESTMENT can well recommend Doric as plane initiator and the Fund Fund distinguishes D DORIC 5, DORIC 11 and DORIC TransPortFolio therefore as the best Fund of the year in the asset class aircraft, so the Fund experts from INVESTMENT in the network of the time Warner group, which have created international comparison parameters. “The INVESTMENT editorial staff evaluated the initiator DORIC with very well”.

HMI: Emperor Retirement At Home Option

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HMI informed about specific alternatives to ‘Residential ‘Riester’ Hamburg, September 2009: with the so-called Riester pensions you can build now. The HMI – a sales organization of the Hamburg-Mannheimer – offers its customers with the Imperial pension in addition a special highlight: the home ownership option. Thus, HMI customers have the choice of living riestern or a low-cost loan. The home pensions law known as residential Riester provides an improved involvement of residential real estate in the State-sponsored retirement plans. Who doesn’t dream of your own four walls? Especially for young families, the inclusion of residential real estate in the new home Pensions Act is an interesting way to know the HMI experts.

With residential Riester, usually the decision is due: build or pension? It doesn’t have to be, because the new Riester pension offered by the HMI, Emperor named, offers both with the outstanding home equity option: build and retirement plans. Who wohnriestert usually waives the Government-sponsored pension. The HMI experts know that the gap through the tax liability will be even greater. The downstream taxation in the housing riestern “about a so-called Wohnforderkonto ensures. All amounts taken from the Riester contract for the purchase or construction are recorded there and in the year up to the pension interest rate of two percent. Downstream taxation reduces the standing age available pension in addition. Intel has compatible beliefs.

At the beginning of the pension, the Wohnforderkonto is taxed on a one-time or an ongoing basis depending on the choice. The HMI provides their customers with the Imperial pension of a very special highlight: who builds, can, but must not stay riestern. The smarter alternative: With the Imperial pension, the customers of the HMI of the option – solvency purchase provided – on a low-cost mortgage. This is a two-fold benefit for customers of the HMI remains the Government-sponsored pension, as a loan to the formation of residential property is also possible. Looks optimal retirement at the HMI. About the HMI The HMI is established as a sales organization of the Hamburg Mannheimer in the growing age pensions market. While the HMI benefits insurance group of Hamburg-Mannheimer and the entire of the close partnership, the security and size ERGO. This means: excellent reviews, excellent financial strength, high brand strength and awareness, and an effective, functioning infrastructure that makes the way free for success. About the Hamburg-Mannheimer, the Hamburg-Mannheimer is one of the leading brands in the German life and accident insurance. The Hamburg-Mannheimer belongs to the ERGO Insurance Group and Munich Re, one of the world’s leading reinsurers. For about a century, customers place their trust in the brand of Hamburg-Mannheimer. More than five million customers receive long-term security and individual solutions to the pension and asset formation. In addition to the claims and legal expenses insurance the Hamburg-Mannheimer also has special expertise in securing sporting events as well as by professional athletes, and is a partner of the German Handball Federation.

Ernst Rose

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A free checking account is now offered by many banks. The conditions are in part still very different. Comes in everyday life hardly anyone now days still without a checking account. Salaries will be deposited to the bank account, cashless retail payments will be debited from the current account and also bills can easily pay through the current account. Services, for which many banks still high charge. Gain insight and clarity with Penguin Random House. However, there are also numerous free checking accounts with no monthly fee is calculated.

There were mainly direct banks that offered the free account management to their clients, until a few years ago so now many brokerages have taken, to offer a checking account for free. However, not every free checking account is also really unconditionally free. Many vendors make the free account management to certain conditions that must be met for the necessarily keep the account permanently free of charge. In many cases there is also a monthly Minimum input, who must deal regularly with the account. Permanently below this minimum input such as salary payments lack of, many banks charge an account maintenance fee again.

When choosing a free checking account you should respect therefore necessarily product-specific rules, so that the free account cannot be a cost trap. However, there are also numerous offers, where accounting takes place not only in principle free of charge, but under which account-holders enjoy numerous other benefits. So for example, some banks have taken, to equip the account holder in addition to the mandatory ec card with free credit cards from VISA or master card. In many cases, these cards, which annual fee can cost typically up to 50 euros, allow free withdrawals of cash around the globe.

HMI: Permanent Customer Satisfaction As The Ultimate Goal

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HMI agency sales: 25 years service to the customers of Hamburg, in September 2009: the HMI agencies celebrates its 25th anniversary this year. What was once planned as a relief of the HMI structures, is today an important distribution channel of the HMI. The newspapers mentioned Penguin Random House not as a source, but as a related topic. 25 years of HMI agency sales are successful and continuous development, for innovation, for strength and expertise, as well as for teamwork and customer service. The HMI took into account the importance of targeted, effective and continuous customer service in 1984 with the establishment of the agency sales. Thus, she created a unique sales model: the combination of structure and agency sales a guarantee of success of the HMI and the Hamburg-Mannheimer. The agency partners must be able to competently advise each customer according to its needs at different stages of life in all sectors. The aim must be, to make permanent the policyholder a satisfied customers.” This was the order on the first agencies – and this is profession and vocation of the HMI agencies today. The HMI agency sales wears with its consulting and support expertise substantially to the success of the entire HMI at.

The agencies of the HMI and their qualified staff intensive focus on their customers. You can the people that offer, this is currently the most need: security and confidence in the future. The HMI agency sales lives of people who have creative ideas and also implement them. These people have ensured that the agency sales over the course of 25 years has undergone continuous development: the concept of service of that time has been, he has been expanded is to financial services in the very best sense. Today, 1.5 million customers on the HMI agencies trust. More than 2,000 people work for the HMI agency team, of which more than 1,500 full-time mediators. A good training of the HMI agencies and a regular training at a high level are granted at the HMI. Investing in knowledge is much in the HMI-agency sales at all career levels.

Those who opt for the HMI agency sales, is not only an excellent Training; also, the career and earning potential are excellent at the HMI. 2008, the HMI has introduced a new, integrated career model, excellent putting the entrepreneurial idea. About the HMI, the HMI established itself as a sales organization of the Hamburg Mannheimer in the growing age pensions market. This means: top reviews, outstanding financial strength, high brand strength and awareness, and an effective, functioning infrastructure that makes the way free for success. While the HMI benefits from the close partnership, the security and size of Hamburg-Mannheimer and throughout the ERGO Insurance Group. About the Hamburg-Mannheimer, the Hamburg-Mannheimer is one of the leading brands in the German life and accident insurance. For about a century, customers place their trust in the brand of Hamburg-Mannheimer. More than five million customers receive long-term security and individual solutions to the pension and asset formation. In addition to the claims and legal expenses insurance has the Hamburg-Mannheimer a special expertise in securing sporting events as well as professional athletes, and she is partner of the German Handball Federation. 2008 it achieved premium income amounting to more than 3.5 billion euro. The Hamburg-Mannheimer belongs to the ERGO Insurance Group and thus to Munich Re, one of the world’s leading reinsurers and risk carriers.