Lebensversicherung mit eigenem Bennenungs-/Bezugsrecht

English translation: life insurance policy in which the policy holder has personal designation and redemption rights

19:30 May 19, 2018

German to English translations [PRO]
Law/Patents - Insurance / Life Insurance

German term or phrase: Lebensversicherung mit eigenem Bennenungs-/Bezugsrecht

Hi again, I do pretty much understand what this means, but what I am not 100% sure is who the "eigenem" refers to.

This is part of a last will.

The context is "Zahlungen aus Verträgen zugunsten Dritter (z.b: Lebensversicherungen mit eigenem Bennennungs- oder Bezugsrecht) stehen unmittelbar dem Bezugsberechtigten zu".

Many thanks! D

Daniel Arnold (X) KudoZ activity Questions: 59 (none open) (3 without valid answers) (9 closed without grading) Answers: 483 Australia
Local time: 19:17

English translation:life insurance policy in which the policy holder has personal designation and redemption rights

Explanation:
tricky context but this is the idea

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Note added at 5 hrs (2018-05-20 00:38:02 GMT)
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deliberately keeping it vague here to give you options

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Note added at 5 hrs (2018-05-20 00:38:41 GMT)
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and let's see how others read it

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Note added at 5 hrs (2018-05-20 00:45:22 GMT)
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my gut feeling is that the policy holder has the right to designate him/herself as the recipient and receive the payout which would then go to his/her heirs

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Note added at 5 hrs (2018-05-20 00:46:24 GMT)
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so let's see if someone can come in on the wording

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Note added at 6 hrs (2018-05-20 01:40:33 GMT)
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insurance policy in which the (policy) holder retains the right to receive and redeem any and all amounts (accruing) in his/her name

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Note added at 6 hrs (2018-05-20 01:41:39 GMT)
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something along these lines

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Note added at 6 hrs (2018-05-20 01:44:58 GMT)
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that covers the "eigen"

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Note added at 6 hrs (2018-05-20 02:02:29 GMT)
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just read your profile and obviously a top man so let's see how this pans out

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Note added at 1 day 5 hrs (2018-05-21 01:17:01 GMT)
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and of course you know that according to proz rules you have gone way beyond the limit but ok

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Note added at 1 day 5 hrs (2018-05-21 01:21:24 GMT)
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ist mir wurst, aber das nächste mal

Selected response from:

David Hollywood
Local time: 14:17

Grading comment

thanks mate
4 KudoZ points were awarded for this answer

Summary of answers provided

life insurance policy in which the policy holder has personal designation and redemption rights

David Hollywood

Discussion entries: 6

ebobilov

00:11 May 21, 2018

Weiterer Referenztext:
"Wenn im Lebensversicherungsvertrag bzw. der letztwilligen Verfügung kein Bezugsberechtigter benannt ist - also kein Vertrag zugunsten Dritter vorliegt - fällt die Versicherungssumme auch erbschaftsteuerlich in den Nachlaß und ist nach § 3 Abs. 1 Nr. 1 ErbStG zu versteuern. Hier wäre besser gewesen, den/die Erben als Versicherungsnehmer auftreten zu lassen. Der Erbe erwirbt dann im Erbfall den Anspruch auf die Versicherungssumme aus eigenem Recht und "erbt" sie nicht." (http://www.iww.de/erbbstg/archiv/steuerrechtzivilrecht-exkur...

ebobilov

23:53 May 20, 2018

"Eigen" bezieht sich auf den Dritten aus dem Vertrag, d. h. auf den Bezugsberechtigten:
"Der Vertrag zugunsten Dritter gestattet es also die Begründung eines Anspruchs und die Zuwendung eines Anspruchs durch ein einziges Rechtsgeschäft zu realisieren. Demnach verpflichtet sich der Schuldner (Versprechender/Versicherer) im so genannten Deckungsverhältnis gegenüber dem Gläubiger (Versprechensempfänger/Versicherungsnehmer) die vertragliche Leistung im so genannten Leistungsverhältnis an einen Dritten (Begünstigten) zu erbringen. Der Dritte erwirbt dadurch ein eigenes Recht auf die Leistung." (https://www.grin.com/document/60733)
Analog gilt das auch für das eigene Benennungsrecht.

Haigo Salow

United States

I agree with Allegro. There must be a reson

23:32 May 20, 2018

why these personal designation and redemption rights are mentioned. I have to admit that I didn't know that there are life insurance policies that don't allow the policy holder to name the beneficiary. It doesn't seem make sense, unless these policies are for specific purposes, such as covering the costs for the funeral, and other costs associated with the death.

Daniel Arnold (X)

Australia

ASKER

20:17 May 20, 2018

Completely agree with you Allegro, it's actually a sworn translation and it certainly is in there. Thanks!

AllegroTrans

United Kingdom

redundant or not..

20:15 May 20, 2018

I would not omit any of this. For one thing the company very probably issues policies without the right to name beneficiaries and/or receive benefits and for another a client is highly likely to accuse the translator of omitting content. This is legal text not a newspaper article.

philgoddard

United States

14:02 May 20, 2018

If you left out the phrase you're asking about and just said "life assurance policies", I think it would make just as much sense. Benennungsrecht is presumably the right to name the beneficiary, which I think goes without saying, and Bezugsrecht is the right to receive benefits, which also seems redundant.

Answers

5 hrs confidence:

life insurance policy in which the policy holder has personal designation and redemption rights

David Hollywood
Local time: 14:17
Native speaker of: English
PRO pts in category: 111

Grading comment

thanks mate

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Lebensversicherung mit eigenem Bennenungs-/Bezugsrecht

English translation: life insurance policy in which the policy holder has personal designation and redemption rights

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