Life insurance in euros capital guaranteed.

Without risk, life insurance is a Euro savings account which is to accumulate capital through scheduled payments. The ability to make partial withdrawals are to the extent that the purchaser complies with the terms of the contract, in order still to let the money grow for several years and help 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 by insurance companies. Be careful also in case of bankruptcy of the insurance company. In this case, a guarantee fund compensates each insured up to 70000euros.

You can withdraw your money whenever you want, outside the cancellation period of 30 days, and without waiting for eight years and provided to meet the terms of the contract on the partial or total surrender.
The contract of life insurance in euros is based on a guaranteed minimum annual rate plus a share of the profits of the insurance company. Less than 4% in 2006, insurance specialists and finance provide a guaranteed minimum rate around 3.5% in 2007.

Concerning the taxation of life insurance contracts in euros, only the interest of the money withdrawn from savings are taxed.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 concern only the interest generated by the contract on December 31 and every year.
Finally, in case of death of the insured, the beneficiary or beneficiaries of life insurance contract signed in euros since October 13, 1998 will enjoy an allowance of 152,000 euros, including all contracts. Above that amount the tax is 20%. And for transactions after 70 years of the insured, an allowance of 30,500 euros is applicable on payments, including all contracts. Interest is tax free and then the supplement is subject to inheritance classic.