Life insurance in The France

 Life insurance in The France

Life insurance in The France

In France, life insurance is referred to as assurance vie. This is a type of savings plan that invests your money for retirement but pays out if you die before the term is up.

A life insurance coverage is required when taking out a loan from a French mortgage lender or bank. The lender will offer you their insurance, but you are not obligated to accept it. By shopping around, you may find a better policy.

Assurance décès is a type of insurance that only pays out in the event of death.

You should double-check what is covered by the assurance décès. The rate will vary significantly depending on the terms of the policy, such as whether it is for accident, illness, or both, as well as your health, age, and occupation (if you are employed in France check whether your company covers you for these policies).

There are other insurance products called assurance obsequies that are designed to help with funeral costs.

Check the fine print, make sure you understand all of the terms, and get assistance with translation or professional advice if necessary.