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Beware Of Surrender Capital Insurance With Time Clamp

Beware Of Surrender Capital Insurance

As of April 1, 2017, the so-called time-limit on capital insurance expires, at least as Secretary of State Wiebes makes sense.

At first glance, this seems likely to end up with that annual premium payment and the intended final amount net to come forward. But often that is not wise and I will explain why


A capital insurance is a life insurance that usually consists of a savings account and a survivorship insurance. Sometimes it is supplemented with permanent early retirement in case of incapacity for work. These contracts usually have a duration ranging from 15 to 30 years.

These savings policies were often terminated for studying children, loan coverage or final mortgage repayment. You could also save tax-free with capital insurance, which was advantageous because at that time the annual interest received was still taxed but not in a capital insurance. That insurance should be extended for a minimum of 15 years for a reasonable exemption and at least 20 years (the time limits). These benefits were transferred to the boxing system in an exemption from the current policy value in box 3.

At the end of the last century, the savings mortgage was invented from the capital insurance. The interest rate in the savings section of the policy was then exactly equal to the mortgage rate to be paid. Ultimately, this results in a final amount that allows the entire mortgage to be tax-free at the end date. The mortgage rate tax deductible and the savings rate tax free !.

As of 2013, no new savings and mortgages can be incurred. There is still transitional right for existing loans.

Life insurers initially repaid 4% and later 3% interest rate within the capital insurance, and there they are fixed until the end date and now a little in their stomach. Insurers account for the largest part of the costs within the contracts during the first years. But if a policyholder wishes to stop the stops then

The estimated costs are still taken from the surrender value. It is not the insurer but the customer who commits breach of contract. The customer requests the insurer to “buy” the contract.


During the structurally declining capital market interest rate trends and the ever-increasing stock markets, tens of millions of capital insurances have been closed. This was also promoted by the proper one-off fee received by advisors at the start of the contract. This commission, combined with the hidden overpriced costs and the currently disappointing investment results, greatly outperform the returns of different types of capital insurance. About 7 million woeker policies became visible.


Millions of people are or feel depressed, creating a new hole in the market for “stakeholders”.

Many of these people are sad. They are scandalous and hate against the annual net premium payments. The planned capital at the end date is getting closer, but is or appears to be smaller than expected in the light of the premiums offered. But stopping was not an option until April 1, 2017, because that annoying 15-year or 20-year period of cashback blocked that.

Chances are that the abovementioned people will be tempted to terminate the contract early on April 1. Perhaps the emotion is then stronger than the ratio. It may be better for the insurer or the tax collector than for the customer to buy the policy. The contractor then asks the insurer to buy the contract and pay the value. That insurer still has to make some expenses and settles with the surrender value.

Do not buy

But what will the former policyholder do with the net money? In any case, it is no longer exempted in box 3 and is charged with more than 1% capital return tax. This is better for the taxpayer than for the customer. Yet again a kind of woekerpolisje.

Many capital insurances have a guarantee at the end date. As seen earlier, the policy has been terminated. Also better for the insurer than for the customer.

On termination, the possible early retirement benefit in case of incapacity for work is also terminated. This is a disguised incapacity insurance that is considered to be of benefit. Also an inconceivable choice for an insured with a bad health who has no possibility of bringing this risk elsewhere.

This also applies to the death cover contained in most policies. In the case of a healthy-minded insured, this risk can often be guaranteed much cheaper, but subject to approval.