Life insurance in the test: Pensioners often receive too little money!

Life insurance in the test: Pensioners often receive too little money!

In Germany, many people rely on additional pensions for retirement provision. A current test by Stiftung Warentest, which was published in the analysis of Merkur , however, shows alarming results: A total of 14 classic pension insurance examined, and the results often reveal high costs and low guaranteed pensions. Only three tariffs received the evaluation "good", while five providers even guarantee payouts that are below the amounts paid.

An example illustrates the problem: a model customer who pays 200 euros per month for over 30 years adds up to a total of 72,000 euros. Five of the providers examined guarantee a payment of less than this amount. Only three providers promise a repayment of the full invested capital. Hannoversche Versicherung is the only insurance company with 79,966 euros (111% of the deposits) that received this assessment, but it was certified.

Financial security only with long -term planning

The current Situation is increased not least by the low interest rates of recent years that have problems with life insurers. According to Test offer life insurance companies such as Allianz and Debeka, a wide range of old-age provisions, which are increasingly less classic versions. That is why fund -bound pension insurance companies provide lower security, but they offer better return opportunities.

The Stiftung Warentest particularly advises women to make privately at an early stage. Many women are awarded a lower legal pension, often caused by care work and part-time work. A careful comparison of offers, combined with conscious purchase of insurance benefits, is recommended.

high costs reduce yields

A central disadvantage of private pension insurance is the high cost structure, as was found on the Consumer Center Financial costs in the first few years significantly reduce the amount saved. Effective costs, which have a significant influence on the investment income in long -term systems, should also be taken into account. An example shows that an effective cost of 1% can reduce the capital income by 43%.

premature terminations of life or pension insurance often lead to high losses because the final costs and cancellation discounts are incurred. BaFin has found that 3.14% of the fund policies are ended prematurely, which affects over 70% of customers who have invested in the long term in such contracts. These challenges illustrate the need for well -founded and flexible retirement provision.