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Deckungsstock

English translation: cover fund

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Deckungsstock
English translation:cover fund
Entered by: Douglas Arnott

20:08 Dec 4, 2008
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: Deckungsstock
Grundsätzlich gilt: Jeder Lebensversicherer hat gemäß § 20 (3) Versicherungsaufsichtsgesetz (VAG) für die jederzeitige Erfüllbarkeit der Versicherungsverträge Rückstellungen zu bilden. Rückstellungen müssen – sofern im Versicherungsvertrag ein Sparprozess beinhaltet ist – durch Vermögenswerte stets voll bedeckt sein. Diese Vermögenswerte werden im sogenannten Deckungsstock zusammengefasst.

The text deals with the security of investments in life insurance. I know Deckungsstock has come up in questions before but I'm not sure the context is the same here.
Douglas Arnott
Local time: 07:07
capital sum for annuity payments
Explanation:
Deckungsstock is a fund that is set up for "Rentenleistungen", it`s almost like a safety net /fond
Selected response from:

Peter Downes
Germany
Local time: 07:07
Grading comment
The client in the end preferred "cover fund". Thanks for your suggestion.
2 KudoZ points were awarded for this answer



Summary of answers provided
5capital sum for annuity payments
Peter Downes
4premium rserve stock
Jon Fedler


  

Answers


30 mins   confidence: Answerer confidence 5/5
capital sum for annuity payments


Explanation:
Deckungsstock is a fund that is set up for "Rentenleistungen", it`s almost like a safety net /fond

Peter Downes
Germany
Local time: 07:07
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 6
Grading comment
The client in the end preferred "cover fund". Thanks for your suggestion.
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13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
premium rserve stock


Explanation:
from Romain/Byrd Thelecke. Also 185 g-hits
(incl from site below below):Monthly check of investment
The new Riester retirement provision package STRATEGIE No. 1 has even more advantages than the regular positive features of a Riester pension. Only the capital necessary for the specified performance is invested in a security-oriented conventional premium reserve stock. The rest goes into a fund. Every month Aachen Münchener checks whether the ratio security-oriented / fund investment is still acceptable. This way, via the fund price the interest rate, the stock market development, the remaining policy period and the paid-up capital are all influential parameters for the calculation. This elaborate process is the basis for a better rate of return. The bottom line is that more capital can be invested in high-yield investments.

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Note added at 19 hrs (2008-12-05 16:03:21 GMT)
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should read 'premium reserve stock'

Example sentence(s):
  • www.AMB-Generali/de
Jon Fedler
Local time: 08:07
Works in field
Native speaker of: English
PRO pts in category: 34
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