Life insurance and tax cuts

The annuity contract, is intended to ensure survival in case of death of the insured, the payment of capital or an annuity to his child with a disability that prevents him from exercising a professional activity to acquire education or if they are under 18 years. Other beneficiaries of such contract are concerned since 1 January 2004. It is either a parent or collateral line to the third degree of the insured, that person is or not a dependent or a dependent of the insured and at arm's kinship mandatory. An annuity contract, survival is under no time limit.

The contract savings disability is a life insurance contract with a duration of at least six years. It allows the payment of a capital or an annuity to an insured as long as it is reached at the conclusion of the contract, infirmity which prevents him from exercising a professional activity.

For an annuity contract or a contract-survival Savings disability, the rate of tax reduction is 25% of the annual premiums paid to a maximum of 1525 euros plus 300 euros for each dependent child.