Legal protection long-term care insufficient whether by accident, disease or age – the risk becoming reliant, affects everyone. The variety of information on this issue through the media and consumer organizations has increased steadily in the last years. iabetes Association, an internet resource. The majority of the population has now recognized that ensuring statutory long-term care rather has a comprehensive character. In the event of an emergency, high financial contribution are necessary, if no private provision of a care insurance was made. A study of the Federal Statistical Office has forecast that there are 2.9 million elderly in ten years. This number will increase significantly further then – also due to the aging of the overall population. Co-payments for long-term care are quickly at several hundred dollars a month.
Maintenance level II and III or when an accommodation is in a nursing home the difference between the average cost and the services of the legal Long-term care insurance in the rule clearly more than 1,000 euros a month. These gaps can be closed with a care insurance or at least significantly reduced. In addition to the financial security, illness also complete some additional care provide care case for themselves. As this includes: advice and assistance in the application and classification in the right level of care, counseling care fair facilities of the apartment, or providing a place in a certified nursing home or a qualified maintenance service within 24 hours. In the selection of the appropriate tariff you should pay attention to different criteria: the price is of course crucial, but the cheapest product is useless, if the long-term care benefits are not sufficient. Such tariffs, which provide an optimal price / performance ratio are recommended. A good care insurance should include the following services: a certain financial payment for care level 0 (such as dementia), monthly payments in the maintenance stages I to III, no waiting time or waiting times, a payment for domestic care, payments, if the care is provided by qualified personnel but also by non-professionals (family members, relatives or friends).
In addition, certificates as opposed to funds or deposits at a bank is subject to not the deposit insurance fund of the Federal Association of German banks. Up to the amount of 30% of the relevant equity of Bank at the time of the last published annual accounts, balances each customer with the private banks are fully hedged by the deposit protection fund of the Federal Association of German banks.However, certificates are not protected. Main point of attack of the critics but is the non-transparent cost structure of certificates. Certificates different costs fall, at how also in case of other securities, which are borne by the investor. Investors however has certificates unable to see premiums and other costs differently than in shares.
He gets a final price, the premiums are completely invisible and sometimes horrendous for the investors. It is known of pricing. Depends on the fairness of prices alone of the fairness of the provider”(quoted after TiLP, a.a.o). Finally certificates allow sellers to get around legislation on investor protection. “These are assets which are subject to strict investor protection rules in the normal distribution, because it highly risky or even toxic” are (toxic), used as underlyings. I’ve bought certificates – what now? Claims due to incorrect advice against the selling Bank or the financial adviser etc. may be available to the owners of certificates who feels wrong advice or even cheated.
The attempt of pursuing such claims is by no means hopeless. If the claims are entitled, often already is a solution jointly with the Bank to develop with regard to extrajudicial. However, such claims are subject to narrow Statute. “Possibly aggrieved investors would be well advised not to the motto first wait” to remain. Then may be easily enforceable claims in the worst case could already be barred. It is better, in this case Matter specialist by a on banking law and capital market law to cost-effectively evaluate first lawyer. With this assessment, the owner of the certificates has exactly to assess possible risks and the unwinding of a certificates purchase. Finally a quote from your bank expert Prof. Dr Singer from November 2009: certificates, I believe largely superfluous “lawyer Karine Guilleaume de Acosta
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Press release of the febs Consulting GmbH, April 29, 2010 the current content of a Managing Director due to the poor wirtschaftlichen situation of the company is reduced, so necessarily the AuswirkunGen on occupational pensions should be addressed contractually. The BAV consulting firm indicates febs consulting with views on a current judgment of the Schleswig-Holstein […]