Last Updated on June 28, 2021 by LawEuro
German Civil Code (BGB) German law
Title 18
Life annuity
Section 759
Duration and amount of the annuity
(1) A person who is obliged to provide a life annuity must in case of doubt pay the annuity for the duration of the lifetime of the creditor.
(2) The amount intended for the annuity is in case of doubt the annual amount of the annuity.
Section 760
Advance payment
(1) The life annuity is payable in advance.
(2) An annuity in money is payable for three months in advance; in the case of another kind of annuity, the period of time for which it must be paid in advance is determined according to the quality and purpose of the annuity.
(3) If the creditor is alive at the beginning of the period of time for which the annuity is payable in advance, then he is entitled to the entire amount attributable to that period of time.
Section 761
Form of life annuity commitment
For a contract which promises a life annuity to be valid, the promise must be made in writing, unless another form is specified. The life annuity commitment may not be issued in electronic form to the extent that the commitment serves to provide maintenance in family law.
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