The board of the DAV association of actuaries will recommend to cut the guaranteed rate to 0.25% from 2022, compared with 0.9% currently, it said in a statement, citing the low interest rate environment.
The guaranteed rate is a focus for consumers and a selling point for life insurers.
German regulator Bafin and the German Finance Ministry usually follow DAV's recommendations.
(Reporting by Alexander Huebner; Writing by Christoph Steitz, Editing by William Maclean)