Life insurance, an investment with a thousand virtues – Meilleurtaux Placement

Life insurance stands out from other savings and pension products by its unique characteristics. As a versatile wealth tool, it juggles the roles of savings, investment, capitalization, protection, foresight and transmission.

A savings product from which the subscriber can benefit during his or her lifetime

Many people wrongly believe that life insurance is only used to bequeath assets to heirs after death. Nothing could be further from the truth. You should know that the subscriber can benefit from the numerous advantages offered by life insurance during his lifetime.

Important This liquid and perfectly divisible savings can be used as guarantee for a bank loan. It is accessible to all, without age or amount restrictions, whether for minors, capable adults, those under curatorship or even those under guardianship.

Moreover, in addition to the tax advantages it offers, life insurance is a secure savings since the subscriber’s creditors cannot have access to it, except in the single case where the subscriber has engaged in tax fraud.

A succession without constraints

In terms of transmission, the capital transferred is “non-inheritance” on a civil level. In other words, it will not obey the rules of classic inheritance law.

Important Thus, the subscriber is free to distribute his assets as he sees fit, without necessarily being subject to the hereditary reserve (the assets are transmitted as a priority to direct descendants).

It is entirely possible for him to bequeath the capital to a loved one, a brother, a niece, the spouse’s child or even to a foundation.

Of course, the aim is not to deprive heirs of their rights. The courts will ensure that the subscriber does not pay excessively high premiums on his life insurance contract. To establish the limits not to be exceeded, they take into account the financial and family situation and the age of the subscriber.

Additional protection for the beneficiary spouse

For the beneficiary spouse, life insurance also presents an appreciable security aspect. . By designating the surviving spouse as beneficiary in usufruct of the death capital and the children as bare owners, the division of ownership of the beneficiary clause guarantees the spouse the free disposal of capital.

When he in turn dies, the children in bare ownership will be entitled to a restitution claim, which will be deducted from the estate’s liabilities. Here again, the taxation surrounding this transmission is greatly advantageous.