Significant costs
LIFE INSURANCE
Life insurance is a form of insurance. The original purpose of life insurance is to guarantee payment of a certain sum of money (capital or annuity) if an event related to the insured: death or survival. However, it should distinguish between the insurance in case of death called "death insurance" that pays the capital or annuity in case of death and in case of life insurance (also known as life insurance), which pays a capital or an annuity in case of contract maturity for life (death before maturity if nothing is due to the estate).
What is commonly called "life insurance" in France is a death insurance policy (capital paid in case of death before the term of the contract) with "against insurance", that is to say, the repayment of premiums paid during the term of the contract in case of survival of the insured at the end of the contract, and possibly increased technical interest under contract. This allows to present a quasi-savings product, with tax benefits of insurance.
Insurance and Safety
Life insurance also allows funds to grow while pursuing a long-term goal of retirement, a real estate investment, etc. It also offers significant tax benefits in respect of succession.
A life insurance policy must have a fixed term subscription, renewable or not depending on the contract extension by year by year