Life insurance and PER: entry fees are finally disappearing!

Good news for savers, the absence of fees on payments on life insurance contracts or retirement savings plans (PER) is becoming the new norm. Le Revenu has spotted the good deals for you to grab among the new offers and promotions offering 0% entry fees.

To attract savers who, since the start of 2023, have tended to abandon life insurance, insurers are increasingly relying on free payment fees (also called entry fees).

Remember that payment fees, if they exist, are paid each time you deposit money into your life insurance or your retirement savings plan (PER). Concretely, if you place 1,000 euros on a contract with an entry fee of 3%, only 970 euros are actually invested. You must therefore wait one to two years to recover your investment and start generating profits.

Online brokers, pioneers of free

This practice of 0% entry fees, widespread by internet brokers in the early 2000s, now extends to most players. And this is very good news for savers! Indeed, the vast majority of new life insurance contracts or retirement savings plans (PER) launched in recent months do not apply any entry fees. Likewise, several historical players have recently made a 180-degree turn by changing their pricing policy across their entire range by moving to 0% fees on payments. However, on the other hand, be vigilant about management fees which tend to increase.

Finally, promotional operations without entry fees on life insurance are increasing and are spread over several weeks, even several months. No need to negotiate with your advisor anymore, they will automatically grant you the discount!

Please note that even without a promotional campaign, the payment fees mentioned in the general conditions of the contract or on the fee summary sheet are “maximum” fees, generally negotiable.

Ten contracts with no entry fee

To guide you in your choices, Income has identified ten new contracts or new pricing policies offering free entry fees.

Mutual Amplifier: after Ampli-PER Liberté without entry fees, the mutual has been offering life insurance 100% funds in euros since the beginning of 2023, Ampli-Assurance Vie (Golden Trophy 2023), also accessible without entry fees. Its 2023 performance should be a pleasant surprise.

Assurancevie.com : the online broker (Gold Trophy 2023 for its Evolution vie and Evolution PER contracts) obtained exclusivity on the Internet from BNP Paribas Cardif and launched Lucya Cardif, life insurance also without entry fees, with two funds in euros and no less than 2,300 units of account!

Choir: launched this fall, PERLife, Corum’s PER, follows in the footsteps of Corum Life life insurance (Trophée d’Or 2023) by providing total free payment fees… and even management fees on units of account ! Only the euro fund, limited to 25% of the contract, bears management fees reduced to 0.60%.

The Carac: the mutual has changed its pricing policy from 2021 by switching its new range of contracts to 0% entry fees, including the Carac Épargne Protection contract and its individual PER, Trophées d’Or 2023. The management fees have changed at 0.90%.

Mutualist France: the mutual has banned, since September 1, 2023, entry fees on all of its life insurance contracts (such as Actagence 2, Trophée d’Or 2023) and retirement costs such as LFM Per’Form or mutualist retirement of the fighter (RMC).

SORRY: the Winalto life insurance contract and the Winalto Retraite PER (both 2023 Gold Trophies) benefit from a promotional campaign with 0% entry fees until December 31, 2023.

MACSF : the mutual regularly carries out promotional campaigns for fees on payment at 0% for all supports of its RES Multisupport and RES Retraite contracts (2023 Gold Trophies). The current 0% promotion called “spectacular offers” ends on December 22, 2023.

MIF : for its Libre Avenir Savings Account contract, MIF now applies 0% fees on payments, including on the fund in euros. However, the payment must include at least 20% of units of account.

Placement-direct.fr : doubly awarded by Le Revenu in 2023, the online broker remains faithful to 0% entry fees with its two new products: Placement-direct Retraite ISR, a second PER insured by the UMR, and Placement-direct Vie Euro+, a 100% contract in euro funds which provides for a net rate of 4% in 2023.

ProBTP : all ProBTP life insurance contracts and PERs, insured by SAF BTP Vie (including Multisupport Confiance, Trophées d’Or 2023) are subject to a promotional offer of 0% on fees on payment up to ‘at 1^is December 2023.

Cons: as for its Yomoni Retraite securities account PER and its Yomoni Vie contract (Trophées d’Or 2023), no entry fees on Yomoni Retraite Plus, its new insurance PER which combines funds in euros, ETF, real estate and unlisted assets .

As a reminder, here are the life and PER insurance contracts awarded a Gold Income Trophy in 2023 and which charge 0% entry fees throughout the year:

Life insurance :

Actembre 2, Ampli-Assurance Vie, Boursorama Vie, Carac Épargne Protection, Libre Avenir Savings Account, Corum Life, Évolution Vie, Fortuneo Vie, Kaori.vie, Linxea Avenir 2, Meilleurtaux Liberté Vie, Mon Petit Placement Vie, Multisupport Confiance, Patrimea Premium, Direct Placement Life, Titles@Vie and Yomoni Life.

Retirement savings plan:

Ampli-Per Liberté, Asac-Fapès PER, Évolution PER, Linxea Spirit PER, Matla, MIF PER Retraite, PER Individual Carac, PER Placement-Direct, Suravenir PER, Titles@PER and Yomoni Retraite.