Changing life insurance without losing its tax priority is possible under certain conditions, but the operation remains complicated in practice.
by Aurélie burden
Your life insurance contract does not allow access to account units? His fund in euros is very poorly paid? Do you have access to no online service? Is the management of acts by the insurer excessively long? There are multiple reasons to want to transfer your savings to another contract. But the law frames precisely what is possible to do … and what is not.
Since 2005, the Fourgous amendment allows the holder of a Monosupport contract (giving access exclusively to a fund in euros) to transfer his life insurance to a multi-support contract of the same insurer. In this case, the saver retains the tax priority of his contract.
But beware, the transfer must relate to the entire contract and at least 20 % of the transferred capital must be invested in unit support, not guaranteed in capital. Nothing requires, however, to go to very risky products. Real estate or heritage funds can do the trick.
The PACTE (Action Plan for the growth and transformation of companies) law of 2019 wished to give more freedom to savers. The latter authorizes the transfer of a life insurance contract, without loss of tax priority, provided you stay with the same insurer. This time, there is no longer any investment constraints in account units and the door is open to holders of multi -support contracts. According to the various players we have surveyed, it is a non-subject: customers are not applicants. Circulate, there is nothing to do!
According to France Insurers, 236,000 contracts benefited from this possibility in 2020 and 423,000 last year. “For almost a year, these transfers have been facilitated by the engagement made by the members of France insurers in June 2021 to fully benefit their insured from this faculty, targeted France insurers in a press release released in April. They were committed to Go beyond the pact law, by adopting an automatic and simplified transfer mechanism of life insurance contracts as soon as it is the same distributor and the contract presents an appropriate character and is in accordance with the requirements and needs of the subscriber. “
a sea serpent
However, on the side of certain brokers, who saw in this evolution the possibility of recovering contracts from other distributors, but from the same insurance company, it groans! “In reality, some insurers are purely and simply opposed to the transfer, reports Albert d’Anthoüard, Directorate of private customers at Nalo. Others put responsibility for the goodwill of the original broker.” With this actor Online, we do not despair. “It will end up being put in place, hopes Albert d’Anthoüard. I even think that we will arrive at the transfer between insurers in ten years.”
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