cash.life AG
- ISIN DE0005009104
- Country Deutschland
Company profile
cash.life AG purchases, sells and manages life insurance policies. When it launched operation in 1999, the company established the traded endowment policy market in Germany and has been the market leader since then.
The traded endowment policy market offers advantages to everyone involved. Policyholders who do not wish to continue their life insurance until expiration realise more money when they sell their policy to cash.life than from cancellation. Also brokers and insurance companies benefit from the secondary market.
cash.life sells the policies to investment funds and earns proceeds from this resale. After the sale cash.life assumes further management of the policies and receives a servicing fee in return for this. Currently, cash.life manages policies having a value of around € 2 billion.
The traded endowment policy market offers advantages to everyone involved. Policyholders who do not wish to continue their life insurance until expiration realise more money when they sell their policy to cash.life than from cancellation. Also brokers and insurance companies benefit from the secondary market.
cash.life sells the policies to investment funds and earns proceeds from this resale. After the sale cash.life assumes further management of the policies and receives a servicing fee in return for this. Currently, cash.life manages policies having a value of around € 2 billion.