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Private placement life insurance policies are insurance policies in which the client contributes existing investments (investment funds or direct investments) to an insurance company’s portfolio as reserve stock, thus obtaining additional risk cover for the event of death. These products are also called wrappers, because the insurer’s existing portfolio is wrapped in actual fact.

Term-Nr.: 686

German: Anteilsgebundene Lebensversicherung (95)

Source: Drittquelle, 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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