Secours Catholique announced on Tuesday that it had launched a “committed” life insurance contract, which aims to be respectful of the environment, people and exemplary.
“Finance can and must become a means in the service of the common good “, defended at a press conference Véronique Fayet, president of Secours Catholique between 2014 and 2021 and president of the newly created savings association, Kaori. It is this association that will propose the life insurance contract, Kaori.vieand you will have to join to have access to this savings product, for a fee of 20 euros per year.
In exchange, “membership gives the right to participate in the life of the association and, in particular, to vote to make its expectations heard in terms of extra-financial management and to guide the selection of unit-linked media. “, specifies the association in a press release. An ethics committee will be responsible for verifying that the investments chosen respect the three priorities of the association, which are the preservation of the environment, people at the center of concerns and setting an example.
Average fees
Life insurance is made up of funds in euros, which are not very remunerative but safe, and units of account (UC), which can bring in more but which do not guarantee the capital. The contract offers 27 unit-linked supports, all labeled, selected by the Amadeis firm. Considering that the SRI (Socially Responsible Investment) label is increasingly “overused”, Amadeis felt that “we had to start from scratch” and “sort the wheat from the chaff”, explains Alexandre Lengereau, president and co-founder from Amadeis.
Kaori.vie was designed with three partners. Outraged Amadeiswhich selected the investment vehicles, the brokerage firm Asac-Fapes was responsible for marketing, while Generali covers the entire contract.
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Concerning the costs of the life insurance contract, they are in the average of products distributed exclusively on the internet, already inexpensive compared to all existing contracts.
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