Disability, disability, death … A pension insurance contract covers you against all the inconveniences of everyday life and guarantees annuities for your children, in case of disappearance. If the causes of a resistance can be various, procedures need to be put in place to perform these steps efficiently and accurately. Stéphane Broggi, insurance broker, helps you see it more clearly.
Is this the termination of a business pension contract?
As Stéphane Broggi tells us, “the first draft termination takes place because another risk must be taken in the investment.” He explains that “for the executive college, the provision undertaken is mandatory”, Which allows the company to terminate“provided that it enters into another contract. ”
According to him, “90% of terminations are due to competition prospecting“, Which propose”a contract with different guaranteesKnowing that “each company is a member of a collective agreement and must respect it. ” He tells us that there may be “other terminations for cases of force majeure such as the disappearance of a business, a change of address or a change of activity.”
When to terminate your business pension contract?
Stéphane Broggi, insurance broker, returns to the termination procedure pension plan agreement. Instantly pour, “pension resolutions are made automatically on the anniversary date, subject to two months’ notice, as the case may be. ” He usually adds, “the anniversary date is set for January 1st”Before warning of the deadlines specific to certain mutual societies, which require a period of“ three months instead of two months. ”
Before starting the process, Stéphane Broggi recommends “Please read the terms and conditions of each contract. ” In order to terminate his pension insurance contract, he reminds, in parallel, of good ”notify the contract references“Not to mention”comply with the notice“And by”facilitate the sending of a registered letter with acknowledgment of receipt. ” He explains that he does not have to consult “the letters of models on the Internet”, while returning to the ease of the process.
What happens to the benefits of the terminated contract?
Stéphane Broggi mentioned “the companies may terminate the contract in case of unsatisfactory risk, accidents or because they want to retire from professional corporations. ” Collective agreements “are managed by live companies and it is up to them to decide whether they want to compete.”
When a business pension contract is terminated, the benefits remain vested. Stéphane Broggi explains:if there are contributions paid in advance and the contract ends at the end of the year, they are refundable in proportion to what is overcharged. ” He concludes by detailing this case: “A company moving to July 15, for example, may terminate its contract in the event of a change of address. If she has paid the quarter, now settled in advance, it can be reimbursed. ”