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Gruene Karte

Insurance, Germany, Berlin

Gruene Karte provides comprehensive insurance solutions for individuals and businesses, ensuring peace of mind and financial protection in an ever-changing world.

About Gruene Karte

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Germany
Official Website
http://www.gruene-karte.de
Location Address Official Phone Email
Germany Germany, Berlin **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
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FAQs – Gruene Karte

Who should consider whole life insurance?

Whole life insurance is ideal for individuals seeking lifelong coverage, estate planning benefits, or a way to build tax-advantaged savings. It is beneficial for those who want guaranteed financial security for their beneficiaries and the ability to accumulate wealth over time.


Can an insured person be removed from a policy?

Yes, an insured person can be removed through a policy endorsement or amendment. This commonly occurs in situations like divorce (removing a spouse from a policy) or business restructuring (removing a former employee from coverage).


What are the main types of insurance?

The main types include health, life, auto, home, travel, business, liability, disability, and pet insurance, each designed to cover specific risks and financial losses.


Can I deduct the premiums for long-term care insurance?

Premiums for long-term care insurance may be deductible as a medical expense on your taxes, but only to the extent that they exceed 7.5% of your adjusted gross income (AGI) for those under 65. For those 65 and older, the threshold is 10% of AGI.


How much coverage do I need for employer liability insurance?

Coverage depends on business size, industry risk, and local regulations. Many policies offer coverage ranging from $100,000 to several million dollars to handle potential lawsuits.


What is private health insurance?

Private health insurance is coverage purchased from a private insurer, offering medical benefits such as doctor visits, hospital stays, and prescription drugs.


What does "actual cash value" mean in a policy?

Actual cash value (ACV) is the amount your insurer will pay for a covered loss, factoring in depreciation. If an insured item is damaged or stolen, ACV reflects its current market value, not the price you originally paid. Replacement cost coverage provides full replacement without depreciation deductions.


Do I have to pay taxes on my policy’s cash value?

Cash value grows tax-deferred, meaning no taxes are owed unless funds are withdrawn or a policy is surrendered, at which point taxes may apply to gains.


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