To be able to arbitrate between several supports according to the evolution of the markets. This is the advantage of multi-support life insurance contracts.
We remember that there are several chandeliers already, the yield of monetary Sicavs exceeded 10% per year. Those days are now over. Safe investments (Livret A, monetary Sicav, etc.) are now intended for savings awaiting use. Which corresponds to their deep nature: they are above all short-term supports.
To obtain higher returns, it is now necessary to invest in the longer term and accept a dose of risk. Savers who have transferred part of their wealth from monetary products to the stock markets have nothing to regret.
The different supports
Savers wishing to invest in the stock market can buy shares or UCITS (Sicav or Fcp). In both cases, he will have to pay capital gains tax. Unless you use the PEA tax framework, which offers total tax exemption (with the exception of social security contributions). But the stock savings plan has two major drawbacks.
- On the one hand, payments are limited to 150,000 euros. This can limit the room for maneuver of certain savers.
- On the other hand, the holder of a PEA can only buy securities of European companies or UCITS of the same type. It is therefore impossible for him to diversify his movable heritage towards American or Asian markets, or to place sums awaiting use on monetary or bond supports.
Certainly, these products are now well known to the public. But a large number of savers have not yet taken the plunge. Hence the need to recall, once again, the benefits.
Multi-support life insurance contracts are subject to the tax rules of life insurance in terms of capital gains. Beyond eight years, products therefore escape any capital gains tax.
The holder will still have to pay social security contributions, plus the specific tax of 7.5% if it exceeds the annual withdrawal limit.
They also benefit from the exemption from inheritance tax, within the limits set by law.
Once their contract (or contracts) has been selected, the saver can distribute their payment among several UCITS offered by the company. And during the contract, he can modify this distribution as he sees fit. Arbitration gains are not taxable.
Example: Mr. Martin invests 100, including 30 in French equities, 50 in monetary products and 20 in long-term bonds. If the stock markets appear more attractive thereafter, he can withdraw 20 of his monetary products to add them to his initial 30.
A multi-support allows for example to program regular regular payments on the stock markets without having to take into account the net asset value of UCITS since savings will be invested to the nearest euro.
The selection criteria
Entrance fees must naturally be negotiated: 2% currently seems like a big maximum.
Arbitration fees must not exceed 0.6% / 0.8%.
The contract must leave the possibility of arbitrating at any time. Knowing that it is useless – and dangerous – to multiply back and forth …
Finally, the range offered by the insurer must offer as wide a choice as possible.
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