Jeffrey Wade
Life insurance in France is called 'assurance vie' or 'assurance décès'. Assurance vie is a long-term savings programme, which invests your money for retirement but will pay out in the event of death before the term is completed. Assurance décès, which literally translates to 'death insurance', is most often paired with a French mortgage and has the objective of paying off the remaining mortgage in the event of the death of a borrower.
| Characteristics | Values |
|---|---|
| Name | Assurance vie |
| Translation | Life insurance |
| Objective | A savings plan invested in a portfolio of stocks, bonds or currency markets |
| Other names | Assurance décès, assurance de prêt immobilier |
| Translation | Death insurance, mortgage insurance |
| Objective | To pay off the remainder of a mortgage or loan in the event of the policyholder's death |
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What You'll Learn
Assurance vie
Life insurance in France is called 'Assurance vie'. This is a long-term savings programme, which invests your money for retirement but will pay out in the event of death before the term is completed. Assurance vie is typically taken out when saving for retirement or as a way to manage financial assets, and it offers some potential tax-saving benefits. For example, Assurance vie can be a beneficial form of life insurance in France to protect against inheritance tax, especially if your French property will go to a non-blood relative.
French interest-only mortgages are often paired with an Assurance vie contract where the funds deposited are intended to grow over time to be able to pay off part or all of the mortgage at the end of the interest-only term. With a French mortgage lender or bank loan, you will need to take out a life insurance policy. The lender will offer you their policy, but you are not obliged to take it and may find a better policy by shopping around.
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Assurance décès
Life insurance in France is called *assurance vie*, which is a saving policy that invests your money for retirement but will pay out in the case of death before the term is completed. However, insurance that is intended to pay out only in the event of death is called *assurance décès*, which translates to 'death insurance'. This is most often paired with a French mortgage and has the objective of paying off the remaining mortgage in the event of the death of a borrower. It is also required to cover long-term debts such as a mortgage loan.
When taking out a French mortgage or another long-term bank loan, it is typically required to take out a life insurance policy to cover the loan amount in the event of your death. This is most commonly known as *assurance de prêt immobilier* (mortgage insurance). Although many insurers offer *assurance de prêt immobilier*, some mortgage lenders, especially French banks, will insist that this policy is taken out with them.
Assurance vie, on the other hand, is a long-term savings programme. These policies are typically taken out when saving for retirement or as a way to manage financial assets, and offer some potential tax-saving benefits. It can be a beneficial form of life insurance in France to protect against inheritance tax, especially if your French property will go to a non-blood relative.
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Assurance de prêt immobilier
Life insurance in France is called *assurance vie* or *assurance décès*. The former is a saving policy which invests your money for retirement but will pay out in the event of death before the term is completed. It can also be used to protect against inheritance tax, especially if your French property will go to a non-blood relative.
Assurance décès is most often paired with a French mortgage and has the objective of paying off the remaining mortgage in the event of the death of a borrower. This is also known as assurance de prêt immobilier (mortgage insurance). Although many insurers offer assurance de prêt immobilier, some mortgage lenders, especially the French banks, will insist that this policy is taken out with them.
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Inheritance tax
Life insurance in France is called 'assurance vie'. This is a savings policy which invests your money for retirement but will pay out in the event of death before the term is completed. It can be a beneficial form of life insurance in France to protect against inheritance tax, especially if your French property will go to a non-blood relative.
With a French mortgage lender or bank loan, you will need to take out a life insurance policy. The lender will offer you their policy but you are not obliged to take it and may find a better policy by shopping around. This type of insurance is called 'assurance de prêt immobilier' or 'assurance décès'. Assurance décès is intended to pay out only in the event of death and is most often paired with a French mortgage. It has the objective of paying off the remaining mortgage in the event of the death of a borrower.
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Long-term savings
Life insurance in France is called 'assurance vie'. This is a saving policy which invests your money for retirement but will pay out in the event of death before the term is completed.
'Assurance vie' is a long-term savings programme. These policies are typically taken out when saving for retirement or as a way to manage financial assets, and offer some potential tax-saving benefits. Assurance vie is a savings plan invested in a portfolio of stocks, bonds or currency markets. French interest-only mortgages are often paired with an assurance vie contract where the funds deposited are intended to grow over time to be able to pay off part or all of the mortgage at the end of the interest-only term. Assurance vie can be a beneficial form of life insurance in France to protect against inheritance tax, especially if your French property will go to a non-blood relative.
In France, it is typically required to take out a life insurance policy to cover the loan amount in the event of your death. This is most commonly known as an 'assurance de prêt immobilier' (mortgage insurance) and will pay off the remainder of your mortgage or loan to your lender in the event of your death. Assurance de prêt immobilier is not the same as assurance vie. Although many insurers offer assurance de prêt immobilier, some mortgage lenders, especially the French banks, will insist that this policy is taken out with them.
'Assurance décès' is a type of life insurance that is most often paired with a French mortgage and has the objective of paying off the remaining mortgage in the event of the death of a borrower. It is intended to pay out only in the event of death.
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Frequently asked questions
Life insurance in France is called 'assurance vie'.
'Assurance vie' literally translates to 'life insurance' in English.
'Assurance décès' is a type of life insurance that is intended to pay out only in the event of death. 'Assurance vie' is a long-term savings programme that is typically taken out when saving for retirement or as a way to manage financial assets.
'Assurance décès' literally translates to 'death insurance' in English.
Yes, it is typically required to take out a life insurance policy to cover the loan amount in the event of your death. This is most commonly known as an 'assurance de prêt immobilier' (mortgage insurance).
