The French are rather opposed to what we touch on the succession, which is nevertheless one of the main subjects of the presidential campaign, according to an Opinionway survey for France Assureurs.
Nearly two-thirds (63%) of French people are opposed to a reform of the taxation of life insurance linked to the estate, according to an Opinionway survey for France Assureurs. In addition, 67% of them would find it unfair that the transmission of assets from parents to their children should be subject to inheritance tax.
Especially since life insurance is not only an asset solution for saving, it also allows the financing of societal and charitable actions. Indeed, underline the insurers, 24% of gifts from the French come from life insurance products. The financing of the real economy is not left out. ” Outstandings are 61% invested in companies and 29% in States, i.e. in public action, according to the federation. At the end of 2020, investments in SMEs/ETIs reached 86 billion euros, an increase of 13% per year on average since 2015. 53% of life insurance investments are made in the national economy ».
Strengthen the action of life insurance in favor of the economy
It is precisely this role in favor of the economy that the former French Insurance Federation (FFA) wants ” to strenghten“, via a battery of proposals. Firstly, it is a question of indexing the age condition on life expectancy and the allowances on the cost of living, parameters which have not changed for 30 years “, according to the federation. Thus, it is proposed to raise the pivotal age to 75 years, once morest 70 years today and to increase the amount of allowances in the event of transmission, from 30,500 euros and 152,500 euros to 46,000 euros and 204,000 euros .
In terms of the means granted to them, insurers wish to “ remove the excessive brakes and reduce the will of the current regulatory framework from the Solvency II reform. Clearly, to increase the ability of insurers to invest in companies over the long term. Finally, it would be a matter of promoting the transparency of fees, strengthened recently in life insurance and retirement savingsunder the aegis of Bercy.
Life insurance is held by 18 million French people, for some 38 million beneficiaries. It represents 1,876 billion euros in assets. These contract holders are, for more than three quarters of them, workers, employees, farmers, intermediate professions or retirees.