Going off the beaten track, making it a means of passing on one’s wealth to loved ones, life insurance is a savings product that is on the rise among the French. Initially offered by insurance companies, life insurance has now found other distributors: banks. Life insurance offers have thus been expanded. All of this is fine. But how do you choose the life insurance policy that best meets your savings goals? Savings objectives are closely linked to savers’ profiles. A young Frenchman who aims to invest in real estate in the medium or long term can validly choose to save through life insurance. A very cautious saver will choose the security of funds in euros, while the stockbroker and the all-rounder will opt respectively for an investment in units of account and a flexible and scalable investment.
Investing in life insurance 100% funds in euros is the objective of the prudent saver who chooses security. He will choose a life insurance policy with no payout fees. He will also ensure the good historical performance of the fund in euros.
The general criterion for choosing a saver whose objective is stone-paper real estate investment is to pay no fees on his payments. He also ensures the right choice SCPI or SCI and prefers low management fees on unit of account as well as the repayment of 100% of rents. He will thus succeed in saving thanks to life insurance.
Investors with a stock market profile aim to invest in units of account. He will have to opt either for free management or for controlled management. Its general criteria for choosing life insurance are the absence of payment fees and low unit-linked management fees. Its specific criteria will be to choose between free management and controlled management. He will have to make the right choice of unit of account. He will opt for free arbitration contracts and/or free management options.
This is the goal of the versatile saver. This saver will ensure that his contract is free of deposit fees, free of arbitration fees and includes low management fees on unit-linked accounts. He must have a good broker for advice, choose the right units of account, choose between free management and managed management and check the good performance of the euro fund.
If you plan to move abroad, it is better to take out life insurance before leaving because it is difficult to find an insurer that accommodates non-residents. That said, the expatriate saver’s goal is to find an insurer that is willing to accept non-residents. The selection criteria are low costs, a good euro fund and a good choice of units of account.