Brief reference to the most important facts

Per­haps you are among the group of poli­cy­hold­ers who can still re­voke their life or pen­sion in­sur­ance policies today and thereby not hav­ing to ac­cept the poor per­form­ance.

Life Insurances

What’s the ad­vant­age of re­vok­ing my in­sur­ance policy?

In the case of re­voc­a­tion, the in­surer must re­im­burse the premi­ums paid by the poli­cy­holder as well as in­terest on these. This is of­ten 30% more than the ex­pec­ted ex­pir­a­tion per­form­ance.

Which in­sur­ance policies are af­fected by the case law of the Fed­eral Court of Justice?

Af­fected are life and pen­sion in­sur­ance policies in which the poli­cy­holder was not prop­erly in­formed about his right of re­voc­a­tion.

Is it pos­sible to re­voke unit-​linked life in­sur­ances?

Yes.

How can I tell if I have been in­cor­rectly in­formed of my right of re­voc­a­tion?

We check this for you free of charge.

For what period does the jur­is­pru­dence of the Fed­eral Court of Justice ap­ply?

For in­sur­ance con­cluded between 29 July 1994 and 31 Decem­ber 2007.

Is it also pos­sible to re­verse the con­tract con­cluded be­fore this period?

Yes. Con­tracts con­cluded between 1 Janu­ary 1991 and 29 July 1994 might be re­voc­able in the event of in­cor­rect can­cel­la­tion policy – but only if they have not yet been paid out.

I signed my con­tract be­fore 1 Janu­ary 1991. Is there some­thing I can do here?

No. The le­gis­lator in­tro­duced the right of re­voc­a­tion at first on 1 Janu­ary 1991.

I have ter­min­ated my con­tract in the mean­time. Can the re­voc­a­tion still be de­clared?

Yes, if the con­tract falls within the rel­ev­ant period, a ter­min­a­tion is harm­less.

My in­sur­ance has already been paid out. Can I still re­voke?

Yes, if the con­tract falls within the rel­ev­ant period.

Is it bad if the poli­cy­holder and the in­sured per­son are not identical?

No, the poli­cy­holder is able to re­voke the in­sur­ance in these cases.

The in­sur­ance was taken out by a com­pany (joint prac­tice, ar­chi­tec­ture firm, trad­ing com­pany or sim­ilar in the form of GbR/​Kommanditgesellschaft/​Partnerschaftsgesellschaft/​GmbH). Can the com­pany re­voke?

Yes.

My em­ployer has taken out a com­pany pen­sion for me. Can I also de­clare the re­voc­a­tion in thise case?

No, be­cause the em­ployer is the poli­cy­holder. This also ap­plies if the in­sur­ance has been trans­ferred to you in the mean­time.

Which doc­u­ments should I sub­mit so that the pos­sib­il­ity of re­voc­a­tion can be re­viewed?

We def­in­itely need the in­sur­ance cer­ti­fic­ate from you. If you have re­ceived a let­ter ac­com­pa­ny­ing the in­sur­ance policy, please sub­mit it as well. We also need the “Gen­eral Con­sumer In­form­a­tion”.

Are you able to tell me how much I can claim?

Yes, we use your doc­u­ments to cal­cu­late in­di­vidu­ally what amount you can ex­pect from the in­surer.

How much does it cost to check my con­tract doc­u­ments?

We in­form you if the con­tract can still be re­versed today and what amount you can ex­pect ap­prox­im­ately. The de­tailed ex­am­in­a­tion is free for you.

How to reach us

Schirp & Part­ner Recht­san­wälte mbB
Leipzi­ger Platz 9
10117 Ber­lin, Ger­many

Phone: +49 (0)30 – 327 617 0
Fax: +49 (0)30 – 327 617 17
E-​Mail: mail@​schirp.​com

Legal Advisory Label

Please take note that we can not answer consultatively here. If you happen to request that anyways, you may give us full power of attorney. For that, simply download this form, sign it and return it to us.

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