Stock market chaos has not only sowed panic among shareholders. Life insurance holders have also been plunged into uncertainty. This is the case of savers who have chosen to diversify their contract by betting on units of account, mainly invested in the markets. “Some funds lost more than 50% in a week. Even so-called “balanced” allocations plummeted on average by 15% in a few days, ” notes Jean-Paul Raymond, co-founder of the financial analysis company Quantalys.
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For the last-minute savers, who put their money at the highest, the shock is even more severe. For months, insurers have been pushing their customers to invest more in unit of account (UC). From January to December, UA collection increased from 23 to 41% according to the Savings Circle. "This is a level comparable to the highest observed before the bursting of the internet bubble in 2000," notes Philippe Crevel, its director.
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