Two new euro-denominated fund formulas, Suravenir Rendement and Suravenir Opportunities, will be launched in 2022.
Suravenir reduces the capital guarantee on its Internet life insurance policies | Photo credit: Shutterstock
Suravenir will stop marketing its classic euro-denominated fund, Suravenir Rendement (from 1.3% to 1.6% in 2021), and its dynamic counterpart, Suravenir Opportunities (1.8%), as of April 1. Holders of an individual life insurance contract (Best Placement Life, for example) can continue to pay on the first, but not on the second. “The scheduled payments on Suravenir Opportunites will be switched to Suravenir Rendement”explains Dominique Collot, marketing manager of the company.
Management fees may apply
Distributors have the option of offering their clients, who are free to accept or not, an amendment to the contract to access modified versions of funds in euros: Suravenir Rendement 2 (0.6% management fee) and Suravenir Opportunities 2 (from 0.6% to 3% management fees). “The underlying will be the same [que pour les précédents du même nom]”, specifies Dominique Collot. The difference will be on the level of guarantee: the funds will no longer be guaranteed net, but gross of fees. If the rate served fails to cover the annual management fees, they will therefore be able to trim the capital.
Subscribers to a collective contract (Fortuneo Vie in particular) will automatically be transferred to a new version of their life insurance which will include Suravenir Rendement 2 and Suravenir Opportunitites 2, without the possibility of paying into the old supports in euros, but the outstanding already present will be maintained there.