Life insurance: opt for turnkey contracts

for a Long time synonymous of profitability and security, life insurance in euros concerned with its returns in free fall. Yet, this is the time to explore the many avenues of diversification that offer contracts multi-media.

life insurance, the preferred investment of the French, has lost its luster. In question, the plunge in yields over the past three years. Expected to be around 1.8 % on average (prior to puncture of the costs on premiums and social security contributions), the performance in 2016 of the fund in euros, has not finished making disappointed among the millions of investors who, in the past year, have placed more than 108 billion in these products. Predominantly invested in bonds of State and of companies, these funds have suffered from the historic fall in interest rates in the long term.

"as and to the extent that the portfolios of insurers are renewed under the double effect of the inflow of new premiums and outflows, the share of bonds in the most cost-effective is reduced like skin of sorrow, and these supports should continue to lose 30 to 40 cents per year to the horizon 2020", as a prognostic Cyrille Chartier-Kastler, president and founder of the firm Facts & Figures. For all that, there are always a few good tricks to know to take advantage of the game and select the right contracts in the bush offers.

competition

Long monolithic, the range of funds in euros has increased significantly in recent years. Therefore, it is recommended to make the competition looking in particular on the side of contracts promoted by certain mutual insurance companies, associations of persons insured as the Afer or brokers Internet: their performance approaches or exceeds 2.5 %, so that most of the products of the major banking networks to slash the threshold of 1.5%!

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investors informed can also build on the fund euros atypical so-called "europierre" or "eurodynamiques". More presentations in real-estate securities and/or securities (but capital guaranteed), they outperformed the market (more than 3% of returns for some of them). Attention, however, subject to specific conditions of subscription, these niche products are sold by a handful of brokers, the Internet and advisors, the economic need to be scrutinized before purchase.

The best quality/cost ratio on the Internet

For those looking to boost their life insurance, there is no solution other than to ogle the side of contracts in units of account (UA). These racks are open on all the asset classes (equities, bonds, real estate, capital investment...), in France and internationally, have the advantage of offering a potential performance far superior to that of traditional euro funds. "This is the only way to get the lines of the model of life insurance", confirms economist and director of the Circle of the'epargne Philippe Crevel. But attention : returns are not guaranteed and can follow the increase and decrease their markets of reference. The CPU therefore need to take precautions.

"To avoid the main pitfalls, it is necessary to adjust the cursor to the diversification of its heritage profile and investment horizon and select funds on the defensive by referring to the scale of risk indicated in the information document mandatorily delivered to each subscriber", recommends Anthony Delon, CEO of the online broker Linxea. Thus, for an investment period of eight years, the share of contracts in the UC shall not exceed the threshold of 30 %, a weight that should fall to less than 10% if you think you have a need of his savings in two years.

most of all, for this type of investment, it is better a management of "keys in hand", that now offer all the networks. Entrusted to professionals and available in risk profiles more or less pronounced depending on the recklessness of the policyholder, it allows a priori to boost his contract without too much fuss. But all offers delegates are not created equal and those based on a compilation of "house" funds for costs to be illegible are to be banned! In general, the best ratio quality/cost is in the contracts the Internet, which, for a fee moderate, offer management-mandated, high-end renowned (Lazard Frères Gestion, Edmond de Rothschild AM, Carmignac, DNCA...) or built in partnership with a selector of an independent fund, such as Morningstar.

trackers for the adventurous

Subject to be subscribed on the long-term (at least eight years), the UC placed in shares of REITS or real estate mutual fund (civil society or agencies of real estate investments) will still give a nice yield differential, "of the order of 250 to 350 basis points compared to the funds in euros to classics," says Laurent Flechet, chairman of the management board of Primonial REIM. Caution, however : focus on commercial real estate (offices, shops, etc) requires to select managers strong, able to diversify their investments geographically and sector (in residences with services and facilities for dependent elderly people [nursing home] in particular, where the returns are flirting with 6 %). "Let's not forget that real estate poses intrinsically a problem of liquidity and can book of surprises", recalls Cyrille Chartier-Kastler.

Finally, for the more daring, there's still the famous trackers, these index funds, exchange traded, also known as exchange traded funds (ETF), which have the virtue to take advantage of the dynamic market on autopilot. Still confidential (one found in the contracts on-line Altaprofits.com, Assurancevie.com, Yomoni, Mary Quantify, Grisbee, etc), they replicate the trend of their reference market, with no hidden fees.

Case

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Michel, 55 years old, divorced, looking to spike his old life insurance policy

as Soon as we were ten years ahead, don't be afraid to diversify," recalls Sandrine Genet, founder and partner of Carat Capital. Michel has a monosupport in euros. It was therefore in their interest to open a mpt where it will transfer a fraction of the capital accumulated on his old contract, franchise tax if the income corresponding to his / her withdrawal does not exceed 4 600 euros. "I advised him to pay at least 70 % of its premiums on units of account well diversified and to place the balance on a fund eurodynamique to purchase on the Internet," says Maxime Camus, director general of Grisbee, society of financial coaching online. And if Michel is allergic to risk, he will be able to subscribe for the new fund eurocroissance, which protect the savings invested.