This is a savings product that can be opened in a bank or with an insurance company. To do this, the holder must sign a binding contract and designate the beneficiary(ies) of the capital saved upon his death. But they are not necessarily aware. Here’s how to know if you’re a beneficiary.
Ciclade to identify the refundable amounts
From the law of June 13, 2014, banks and insurance companies are obliged to report inactive bank accounts and dormant life insurance contracts to their owners. If inactivity is noted, the contract and funds must be transferred to Caisse des Dépôts. This keeps them for 30 years before acquiring the funds if no one comes forward to recover them.
You can nevertheless go to the free platform called Ciclade opened in 2017 to search for life insurance contracts, employee savings and other inactive bank accounts transferred to Caisse des Dépôts. Anyone has access to this service, whether French or not, but only for contracts signed in France.
Will act to search for unclaimed contracts
If one of your loved ones died less than 10 years ago and you want to know if they named you as a beneficiary of life insurance, you can go to the platformAssociation for Insurance Risk Information Management (Will act). Within fifteen days following your request, the association must inform all insurance organizations of the death of your loved one. They then have fifteen days to ask you for the documents necessary for payment of the capital. It must be paid to you following receipt of these documents. Otherwise, the insurance must pay you interest of 13.64% for two months then 20.46% after this period.
Read also :
⋙ Life insurance: the partial declaration of inheritance, how does it work?
⋙ Life insurance: should we continue to fund it after age 70?
⋙ Life insurance: what taxation in the event of surrender or death?