Life insurance penalized by the Livret A, real estate rates falling… Discover the 3 money news items from Friday February 2.
The bad news of the day: The Booklet hurts life insurance
The year 2023 marks a turning point for life insurance, which has been less efficient compared to previous years, in particular because of competition from savings products such as the Livret A. Contributions (amounts paid on contracts) have exceeded the benefits (which include buyouts and payments in the event of death) of 2.4 billion euros between January and December 2023.
Life insurance: what rate must you reach to (really) beat the Livret A?
This is six times less than the 14.3 billion euros for 2022 and ten times less than the 23.7 billion euros for 2021! At the same time, Livret A attracted more than 28 billion euros net over the whole of last year.
Despite this poor form for life insurance, this investment should do better in 2024. Here’s why.
Life insurance returns: the good and the bad for 2023 rates
The good news of the day: real estate rates continue to fall
At the start of February, property loan rates have decreased, with averages around 4.10% over 20 years and 4.25% over 25 years. The current situation remains very interesting for becoming an owner, believes the broker CAFPI. It must be said that banks are opening the credit floodgates more to bring borrowers back. Find out what rate you can borrow.
Find the best rate for your real estate project
Today’s update: Do you have to repay the Aspa during an inheritance?
The Court of Cassation recently specified the conditions for recovery of Aspa (solidarity allowance for the elderly). From now on, this recovery only applies to direct inheritances exceeding 100,000 euros. This judgment underlines the importance of direct heirs in the possible process of recovering Aspa after the death of the beneficiary. To find out more, read here.
Inheritance: what changes for the payment of inheritance tax from February 1