gemengde levensverzekering

14:07 Sep 5, 2015
Dutch to English translations [PRO]
Bus/Financial - Insurance
Dutch term or phrase: gemengde levensverzekering
My context (as the regular readers among you will know by now) is a text detailing various mortgage types, including those linked to a life insurance policy.

See http://www.homefinance.nl/levensverzekering/informatie/gemen... for example:
"Een gemengde verzekering is een combinatie van de kapitaalverzekering bij leven en de tijdelijke kapitaalverzekering bij overlijden."

"Life insurance which also includes term life coverage"?

I feel this is a tricky one because I'm not entirely clear on what the default situation is when you take out life insurance in the English-speaking world.

This page by HRMC http://www.hmrc.gov.uk/manuals/ihtmanual/ihtm20000.htm makes the following distinctions:
- term life insurance = payable on death
- pure endowment = payable on a certain date, unless the insured person dies before that date
- endowment = payout on date X or before than if the insured person dies before date X

However, it also seems that in an English-speaking context, endowment policies by default include an investment component (cf. http://www.royallondon.com/financialguidance/guides/investme... which in NL is not the case (that would be the beleggingshypotheek scenario).

Any insurance specialists out there who are able to help with this one/confirm or contradict my suspicions and misgivings? Thank you so much!
Emma Rault (X)
United Kingdom
Local time: 14:58


Summary of answers provided
3endowment insurance / endowment policy
Kitty Brussaard
3linked endowment asssurance
Adrian MM. (X)
Summary of reference entries provided
refs
Michael Beijer

Discussion entries: 5





  

Answers


37 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
endowment insurance / endowment policy


Explanation:
This is what JurLex comes up with.

And see the following definition on Wikipedia:

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.

Policies are typically traditional with-profits or unit-linked (including those with unitised with-profits funds).
https://en.wikipedia.org/wiki/Endowment_policy

However, FWIW, see also the following:

3. Mixed endowment life insurance: Talizmán:
NN's mixed endowment insurance product is for those who wish to provide for both their own old age and for their families in case of their death. This mixed endowment insurance policy also serves as a savings product. At maturity, NN pays the beneficiary the value of the savings increased with the yield. In case of death, the Talizmán policy provides a high term insurance benefit for the beneficiary.
http://www.ingemployeebenefits.com/page3-3.php?countryID=45


Kitty Brussaard
Netherlands
Local time: 15:58
Native speaker of: Native in DutchDutch
PRO pts in category: 32
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1 day 4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
linked endowment asssurance


Explanation:
Prefix Kitty B's answer with linked generally, then no need to specify if 1. with profits 2. savings-linked 3. unit-linked or 'unitised' 4. investment-linked (ILP) or 5. any other kind of linkage.

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Note added at 1 day4 hrs (2015-09-06 18:17:37 GMT)
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That's assurance with two and not 3 esses/s.

Example sentence(s):
  • Investment-linked insurance policies (ILPs) have both life insurance and investment components. Your premiums are used to pay for units in investment–linked sub-fund(s) of your choice.

    Reference: http://www.moneysense.gov.sg/Understanding-Financial-Product...
Adrian MM. (X)
Local time: 15:58
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 15
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Reference comments


32 mins peer agreement (net): +1
Reference: refs

Reference information:
FELOnline:
gemengde levensverzekering [uitkering op bepaalde datum of bij eerder overlijden] =
endowment insurance

JurLex:
gemengde levensverzekering =
endowment insurance

hypotheek met (gemengde) levensverzekering =
mortgage with life assurance
mortgage with life insurance
endowment mortgage
mortgage loan linked to life insurance

Michael Beijer
United Kingdom
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 15

Peer comments on this reference comment (and responses from the reference poster)
agree  Kitty Brussaard
6 mins
  -> Thanks!
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