Against the backdrop of the corona crisis, we are constantly being asked about the options available at PrismaLife AG regarding insurance and pensions contracts.
Here is a short overview:
Fortunately, we can continue to fully maintain the service our customers are accustomed to. All enquiries or requests will be answered or implemented as quickly as possible. Our service team will be happy to answer questions by email: firstname.lastname@example.org
Contracts with guarantee elements are secured by the so-called actuarial reserve of PrismaLife AG. These guarantees are of course still valid. We also offer guarantee funds and other investments with a high degree of security.
We recommend that you keep an eye on your long-term goals for pension provision and asset accumulation. Anyone who has invested in a global equity mix in any 15-year period over the past decades and simply waited has never made a loss. This has been the case even if there were at times significant movements on the stock markets, and this may also be the case in the future.
You can view the current status of your contract value at any time in the customer portal: https://www.prismalife.com/myprismalife‑2/
Periodic premium payment:
Long-term savings plans are mainly based on the so-called cost average effect. This means that if savings rates remain constant, fewer fund units are acquired in times of high prices, and correspondingly more at lower prices. The latter then also offer the higher price potential. With your deposits, you therefore take advantage of the favourable entry prices when prices fall.
If you wish to suspend savings contributions during the corona crisis, we offer premium breaks. In comparison to premium waivers, premium breaks are the more flexible instrument: you retain your insurance cover and can resume premium payment later without risk assessment.
Many of our customers have taken advantage of the low rates for single premiums or additional payments. But even in times when stock markets have recovered, additional payments are an attractive instrument that can be used to significantly improve your retirement provision. In some tariffs, you benefit additionally because these tariffs charge reduced costs for additional payments.
With your PrismaLife contract you have access to more than 150 different funds, ETFs and investment strategies. If the current situation on the financial markets seems too uncertain to you, simply shift your contract value into investments with low volatility after consulting your broker. With most of our tariffs this is possible twelve times a year free of charge. You can find the investment options available in your customer portal and at www.prismalife.com/en/funds_information/
Many of our customers are as concerned as we are about the sustainability of their investments. If you are considering a change in your investment strategy, you will find alternatives with us that take environmental, social and good corporate governance issues into account.
If you have any questions on any of the above topics, your broker will be happy to assist you.