To listen to the greatest wealth advisors in our dear country, life insurance is the panacea, the king of investments. OK, they increasingly recommend multi-support contracts in units of account given the returns of euro funds which are slowly but surely fading. First of all, life insurance in euros or euro funds of multi-supports, we are at much less than 2% for the worst contracts, generally those subscribed in banking establishments and 2.5 to 3% for the best insurance companies. If withdrawals after 8 years in the best case, after a deduction of €4,600 for a single person or €9,200 for a couple, withholding tax of €7.5% or integration into taxable income, to which are added social security contributions of €15.5%. There is not much left, without counting the entry fees for those who have not chosen an internet contract or negotiated at 0%. If the subscriber's perspective is the inheritance and the relatively wealthy person, after a deduction per beneficiary of €150,000, it is 25% or more. For unit-linked contracts, it is necessary to count the possible entry fees, the management fees of certain equity vehicles which can exceed 2% and the management fees of the contract itself which are at the very least 0.5% for the best (very very rare) to more than 1%. When the markets progress by 20% in the year, all this seems painless but when it is the fall, it hurts a lot.
All this to say that French life insurance is not the panacea, contrary to what everyone wants us to believe, and unless you have a small estate and many children who are beneficiaries to take full advantage of the allowances, it is zero. So for all the "filthy rich" who feel targeted in this country, I advise you to invest your money elsewhere, especially if you add to all that 1% of wealth tax, it is preferable for me to have other investment perspectives so as not to be robbed and leave nothing to your children.