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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.I don't know the French specificity. What I do know is that it is always clearly preferable to manage your assets yourself.
Insurance companies have very expensive operating costs, due to the mass of assets and customers they have to manage.
In addition, their investments are standardized and will never really match your investor profile.
In short, you are never better served than by yourself.
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