Suspension of Premiums
The policy continues without further contributions.
With a suspension of premiums, the policyholder no longer pays contributions, but the contract continues with a reduced benefit. The capital saved is not lost. This is often more favorable than cancellation with a low surrender value.
The relevant statutes
§ 165 VVG
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Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.