The columnist Olivier Rozenfeld explains, under certain conditions, the advantages of the co-registration of life insurance between spouses.
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The spouses have an interest in taking out life insurance together?
The co-registration of a life insurance contract with its spouse can be interesting if you aim to place a common amount of money in order to protect you mutually. It can also be used to optimize the transmission of these capital to one or more people. It presupposes a community matrimonial regime.
We must distinguish two possible options. We can provide a outcome at the first death, the contract then ends as soon as one of the two cosous seizures are died. The funds are paid to the designated beneficiary who is often, but not necessarily, the second spouse. It is also possible to consider the outcome in the second death: the contract continues with the survivor, after the death of the first.
If the main objective is to ensure the protection of the spouse while benefiting from the advantageous taxation of life insurance, it is advisable to opt for a outcome in the second death. The surviving spouse may have all of the funds as he pleases, while preserving the tax priority and the tax environment in force during the subscription, as if he had subscribed alone from the start.
For example, imagine a subscription in 2022 for 100,000 euros while the subscribers are 65 years old. Ten years later, one of the two disappeared. The one who remains will be able to withdraw all or part of the funds by benefiting from an annual reduction of 4,600 euros on the interests bought and a possible taxation at the rate of 7, 5 % for the surplus.