What is life insurance?

With a clean life insurance requirement is to name a beneficiary. Thus in case of death of the subscriber contract, the persons named in the beneficiary clause will receive back their capital and this without going through the notary.

What is the difference with the life insurance?

In life insurance, there are no savings. We often compare this insurance home insurance, because it is the same principle. That is to say, to cover a risk, the insured pays a premium and the insurer agrees to pay a lump sum. This capital allows beneficiaries to fund funeral or meet a potential loss of revenue. It is said that the savings gained from a life insurance contract is blocked for 8 years. To fully benefit from the favorable tax framework for life insurance, it is advisable to wait 8 years. But it is possible to demand repayment of all or part of their savings at any time.

And everyone can purchase a life insurance policy?

Yes any major or minor. Course for minors, it is the legal representatives who open the contract on behalf of their child.

And on taxation in case of death?

We must not forget that the transmission is one of the objectives of life insurance with the beneficiary clause. And designated persons collect the amounts due with their tax advantages.

Indeed it can transmit without taxation to € 152,500 per beneficiary for all payments made before the 70th anniversary. After 70 years, the payments will be subject to inheritance tax, according to the relationship, only the fraction of premiums paid in excess of € 30,500 and not on the capital gain.

The flexibility of the life insurance contract

Life insurance can be an additional income for retirement. With spared a life insurance policy capital, the subscriber may at any time receive additional income. They may see the interest generated by its capital, or collect amounts he himself determined, it can finally establish an annuity. As we can see life insurance is an investment that meets several objectives: to save and have the funds at any time, have additional income for retirement and pass capital beneficiaries with tax advantages.