The life insurance Multi: Risks low and advantageous tax

Life insurance is similar to Multi-life insurance in euros in the sense that its original purpose remains the same: to build up savings in case of death benefit and tax levels. The big difference is that the risks involved in the placement of money.

The life insurance MPT saves by regular payments and programmed from the start of the contract. It can also make occasional or regular withdrawals, in order to keep the contract for several years. This amortizes the cost of entry and allow to reduce taxation. Note that the number of contracts is not limited.

To increase its efficiency and performance, life insurance MPT is enhanced by actions such unit trusts, mutual funds or shares of real estate companies. As life insurance in euros, capital transmitted in case of death of the insured are not subject to inheritance tax.

Only the capital of the section on life insurance in euros is guaranteed. In case of bankruptcy of the insurance company, a guarantee fund covers each insured up to 70,000 euros. The other part, on the money placed on other financial support is not guaranteed. It is possible to transform the life insurance contracts in euros in Multi with the same insurer provided to transfer at least 20% of the capital in one or more investment funds.

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.

Unlike the life insurance contract in euros, the life insurance provides a cross-channel performance much more interesting. 13% in 2005, the performance also varies with the Exchange.

Concerning the taxation of life insurance contracts in euros, only the interest of the money withdrawn from savings are taxed.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.