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BGB 1587l. 3 The lump sum payment may be demanded only in the form of the payment of contributions to a statutory pension scheme or to a private life insurance or pensions insurance policy . If the lump sum payment in the form of the payment of contributions to a private life insurance or pensions insurance policy is chosen , the insurance contract must be entered into by the person entitled for himself for the event of death and reaching the age of sixty-five or a lower age and must provide that profit shares are applied to increase the insurance benefits . On application , the person obliged is to be permitted to pay in instalments to the extent that this is equitable in view of his financial circumstances .
Level:
Leistung:
fehlt
Status:
Englisch
BGB 1587l. 3
The
lump
sum
payment
may
be
demanded
only
in
the
form
of
the
payment
of
contributions
to
a
statutory
pension
scheme
or
to
a
private
life
insurance
or
pensions
insurance
policy
.
If
the
lump
sum
payment
in
the
form
of
the
payment
of
contributions
to
a
private
life
insurance
or
pensions
insurance
policy
is
chosen
,
the
insurance
contract
must
be
entered
into
by
the
person
entitled
for
himself
for
the
event
of
death
and
reaching
the
age
of
sixty-five
or
a
lower
age
and
must
provide
that
profit
shares
are
applied
to
increase
the
insurance
benefits
.
On
application
,
the
person
obliged
is
to
be
permitted
to
pay
in
instalments
to
the
extent
that
this
is
equitable
in
view
of
his
financial
circumstances
.
