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Which bank offers the best life insurance? –

Among the current savings solutions, life insurance is one of the most popular investments. It can be taken out, especially online, with many distributors: insurance company, mutual, wealth advisor, broker, pension institute, but of course also with banks and their insurance subsidiaries. Which of these stands out among these numerous banks? Where can you get the best return and the best offer?

How to Succeed Your Life Insurance Comparison in 2022?

It is difficult to establish an overall ranking that would name THE best bank at the moment in terms of life insurance, for the simple and good reason that the ranking according to the chosen criterion will be different. In order to compare what is comparable, it is therefore necessary to assess the offer of a bank and its competitors based on the same criterion, e.g. by sorting by the average yield of the Euro funds, otherwise by the management fees, by initial payment. upon joining or with regard to the available investment universe.

The range of contracts is very wide and you should know that the same insurance company can distribute its contracts through different companies with different conditions. You can easily give up or, out of fatigue, take the first offered contract. By comparing, the products with the best value for money will start to appear and you can then request a quote.

Financial performance, the most important criterion

Financial performance remains one of the most evocative criteria, in other words life insurance with the best return in Euro funds deserves attention. Look for an average over the previous years, the result is more significant than a simple number of points that can be attributed to particularly healthy financial markets and not to the relevance of your euro fund. Also find out what rates are paid each year in relation to the performance of the billing units.

However, be careful because this does not predict future performance, which remains, as the name suggests, unpredictable. We will tend to favor contracts with the best history in Euro funds (2% remuneration for the best) and the best ranges of units of account over the wide range of well-regarded investments, including index funds (ETFs or trackers ) and real estate cars (SCPI, OPCI, SCI, etc.) in addition to equity funds.

Fewer costs, more profitability

Note that the more you minimize the various costs associated with the contract, the less you will lose in return. It is therefore useful to compare entry fees, membership fees, administration fees, arbitration fees, redemption fees, movements… that charge 0% exist. Management fees of around 0.60% per annum on unit-linked shares seem reasonable.

Also take into account the type of contract (single or multi-support, knowing that the second is the norm today), the amount and terms of payment, the nature of the support offered (Euro funds, unit-linked funds, Euro funds boosted) with shares or real estate, etc., as well as the number and nature of these accounting units (size of companies, themes, geographical areas, etc.). The type of unit-linked management is also a criterion that should not be underestimated. In the case of free management, the question does not arise, it is you who manage your devices. But in the case of managed management, you might as well choose an insurance company that has perfect knowledge of the markets and that you can count on to manage your investments as well as possible.

Life insurance, a personal and customized product

To choose your bank, you need to customize your search, focusing on the criteria that are most important to you and that correspond to your financial goals, which often vary from one saver to another: building preventive savings, anticipating the future financing a personal project, diversify your investments for more security, prepare for your retirement, optimize your tax system, pass on your personal assets… The ranking of the best banks will depend on your strategy.

Next, consider defining your risk profile. How much leeway are you willing to allow yourself? If the Eurofund guarantees your capital no matter what, units of account, although much more profitable, pose a greater risk of loss. Are you a cautious, balanced, dynamic investor? Determining your risk aversion can help guide your choice.

Popular life insurance

It is often more efficient to go through online brokers such as Linxea, Yomoni, Nalo, Assurancevie.com or Placement-direct rather than going directly to your bank branch. They negotiated the contracts upstream for the best terms, knowing that your money stays with the traditional insurance company, the broker being only a middleman.

Online banks such as Boursorama, Hello bank!, Fortuneo or Monabanq can offer more competitive rates than traditional banks due to the dematerialization of their services. Some accompany the opening of a life insurance contract with welcome bonuses. They often offer a low initial payment and offer a very good range of investment instruments that can satisfy savers who are not particularly demanding as well as the most specialized.

Finally, the best-placed life insurance companies are often found with large solid insurance companies, such as Crédit Mutuel Suravenir, Crédit Agricole Spirica or Aviva, which has become Abeille Assurances. However, other lesser-known insurance companies offer very relevant life insurance, such as Swisslife, Apicil or Generali. You can also focus on life insurance contracts with environmentally responsible investments, if that suits your ethics better.

There is no better life insurance

In the end, there really is no better life insurance policy. It all depends on your investor profile. Before committing to a particular contract, spend time using online tools to compare the best offers according to the strategy you have defined. And if you are pursuing not one, but two different goals, you should also know that you can take out several life insurance contracts, where the number is not limited. You can thus choose to secure your capital on the one hand and boost it on the other, by choosing the most suitable insurance for each strategy. At least it can’t hurt to play the competition…

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