Life Insurance in euros capital guaranteed.
Without risk, life insurance contract is a euro savings account which is to accumulate capital by installments scheduled. The ability to make partial withdrawals are in a position where the member meets the terms of the contract, the goal still being to let the money grow for several years and allow to reduce taxation. The capital of a life insurance contract in euros is guaranteed and the interest generated each year by the capital are acquired. But be careful, however, admission fees and management vary across insurance companies. Take care also in case of bankruptcy of the insurance company. In this case, a guarantee fund shall indemnify each insured up to 70000euros. You can withdraw your money whenever you want, outside of the cancellation period of 30 days, and without waiting for 8 years and if we respect the term of the contract about the total or partial redemptions. The contract of life insurance euro is based on a guaranteed minimum annual rate plus a share of profits earned by the insurance company. Less than 4% in 2006, specialists in insurance and finance provide a guaranteed minimum interest rate around 3.5% in 2007. Regarding the taxation of life insurance contracts in euros, only the interest of the money withdrawn from savings are taxed. You can choose to incorporate these interests in your income and you will be taxed according to the scale of your tax bracket. For life insurance contracts in euros, payroll taxes are still 11%. But they cover only the interest generated by the contract on December 31 and every year. Finally, in case of death of the insured or the beneficiaries of life insurance contract signed in euro since October 13, 1998 will enjoy an allowance of 152,000 euros, including all contracts. Above this amount the tax is 20%. And for transactions made after the 70th birthday of the insured, an allowance of 30,500 euros is applicable on payments, including all contracts. Interest is then exempt from tax and the surcharge is subject to inheritance classic.