Life insurance

A life insurance contract is an insurance product that enables the insured person to build up long-term savings while benefiting from favorable taxation.

The principle of life insurance is simple: the insured pays regular or one-off contributions to an insurance company, which in turn undertakes to pay a capital sum or an annuity in the event of the insured’s death or survival at the end of the contract.

The capital created may be recovered at any time by the insured, either in the form of a total repurchase or in the form of a partial repurchase. It is also possible to program scheduled partial buybacks to supplement its revenues.

The tax advantage of life insurance lies in the fact that the gains realized are subject to advantageous taxation in the event of withdrawal, redemption or death of the insured. The beneficiaries of the contract may thus benefit from a tax exemption in certain cases.

It is important to note that life insurance contracts may incur entry, management and exit costs, which may vary from insurance company to insurance company. It is therefore advisable to compare the offers carefully before subscribing to a life insurance contract.

Finally, there are several types of life insurance contracts, such as euro contracts, which offer a capital guarantee, and unit-linked contracts, which diversify savings by investing in financial assets such as stocks or bonds. It is important to understand the characteristics of each contract to choose the one that best suits your situation.