With its 88 billion euros outstanding in 2022, the capitalization contract remains
“confidential”
, compared to the 1,850 billion euros for life insurance.
However, the two placements are almost identical.
“The capitalization contract is a savings product within which you select different investment vehicles, according to your taste for risk, your investment horizon and your projects
,” describes Guillaume Berthiaux, president of Sofidy Gestion Privée.
But its specificities make it a unique heritage tool.
1) The contract includes inheritance
“A capitalization contract functions like life insurance, except when the subscriber dies
,” continues Guillaume Berthiaux.
There is no policyholder or beneficiary clause, and upon the death of the saver, the product remains open.
“It integrates the estate and is subject to inheritance tax for its value on the day of death, including earnings, depending on the relationship between the deceased and the heir,”
explains Fabrice Collard, notary…
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