A new success when it comes to the repayment of life insurance policies: the commercial court of Vienna supports the legal view that, in the event of a rescission from an insurance contract, the paid premium plus interest must be paid out. The good news is: through this regulation, the policyholder gets much more in return than with usual rescissions. This surplus income can amount up to several thousand Euros.
The background to this: due to erroneous rescission instructions from insurances, a deadline for the right of withdrawal has been suspended. So, who does this concern? – All life insurances, including those that have already been paid out, expired or terminated. Therefore, there is a possibility of getting financial value out of used papers deemed unusable up until now. Make sure to have your life insurance checked – a service that is now also available at MBI.