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koopsom bij leven

English translation: (Pure) Life Annuity

22:03 May 24, 2007
Dutch to English translations [PRO]
Bus/Financial - Insurance
Dutch term or phrase: koopsom bij leven
This is a type of insurance/assurance which only pays out if the insured party is still alive at the end of the period - any claim dies with the insured party. Any ideas in English ?
Brian Moses
United Kingdom
Local time: 12:32
English translation:(Pure) Life Annuity
Explanation:
LIFE ANNUITY
A mathematical term for a series of regular periodic payments, each of which is made only if a designated payee is then alive, with the payments continuing for that payee's entire life.
http://64.233.167.104/search?q=cache:8UJFx0MNXg4J:https://af...

life annuity
Definition
Annuity that continues to pay out as long as the annuitant is alive.
http://64.233.167.104/search?q=cache:ncZF23fvPx8J:www.invest...

A pure life annuity provides an annuity income that is entirely contingent on the continued life of an individual. Annuity payments continue as long as the annuitant survives, but the payments stop when the annuitant dies regardless of how soon that may occur after the annuity starting date. No further amounts are payable to the annuitant's estate of beneficiary.
http://64.233.167.104/search?q=cache:I5CT881ljiEJ:www.equita...

Selected response from:

Francina
United States
Local time: 07:32
Grading comment
Thanks for your effort. In the end I used a paraphrase.
2 KudoZ points were awarded for this answer



Summary of answers provided
3single-premium life insurance
Lincy Luyten
3(Pure) Life Annuity
Francina


  

Answers


10 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
single-premium life insurance


Explanation:
Single payment paid on entry by the policyholder and returned to him after a fixed period if the insured is still alive.


    Reference: http://www.investorwords.com/4591/single_premium_life_insura...
    Reference: http://www.dexia-life.com/dlp/htm/dlpmnc_lexi.asp?lang=en&hr...
Lincy Luyten
Local time: 13:32
Specializes in field
Native speaker of: Flemish
Notes to answerer
Asker: Both the definitions you quote refer to a payout when the insured party dies (koopsom bij overlijden ?). Koopsom bij leven on the contrary only pays out if the insured party is still alive at the end of some period.

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16 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(Pure) Life Annuity


Explanation:
LIFE ANNUITY
A mathematical term for a series of regular periodic payments, each of which is made only if a designated payee is then alive, with the payments continuing for that payee's entire life.
http://64.233.167.104/search?q=cache:8UJFx0MNXg4J:https://af...

life annuity
Definition
Annuity that continues to pay out as long as the annuitant is alive.
http://64.233.167.104/search?q=cache:ncZF23fvPx8J:www.invest...

A pure life annuity provides an annuity income that is entirely contingent on the continued life of an individual. Annuity payments continue as long as the annuitant survives, but the payments stop when the annuitant dies regardless of how soon that may occur after the annuity starting date. No further amounts are payable to the annuitant's estate of beneficiary.
http://64.233.167.104/search?q=cache:I5CT881ljiEJ:www.equita...



Francina
United States
Local time: 07:32
Native speaker of: Native in EnglishEnglish, Native in DutchDutch
PRO pts in category: 2
Grading comment
Thanks for your effort. In the end I used a paraphrase.
Notes to answerer
Asker: In this document at least a (life) annuity is a 'lijfrente'. 'Koopson bij leven' is a lumpsum payment at a given maturity date made only if the insured party is alive. In the Dexia glossary mentined by Lincy there is the idea if Kapitaal bij leven and Kapitaal bij overlijden and 2 similar terms in German and French BUT the English version only has 'Death benefit' no 'Life benefit'. I have even asked the Association of British Insurers about the term to no avail. In the meantime I have used a paraphrase rather than a specific term.

Asker: Oops, pardon the typos in my previous note!

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