Insurance Savings and Investment: Do Them Any good?
Introduction to Insurance Savings and investment
The risk-free investment grows stronger in all fields, also it is happened in the insurance market of savings and investment, now focused on products with guaranteed capital at the expense of offering low returns (between 2% and 5% APR). The life-savings insurance is life insurance policies that assure the holder in the medium to long term, since one year. If the contingency (the death of the insured) takes place, is charged the amount scheduled in the policy, which often roam the 6,000 euros, depending on the age of the insured. Besides the life insurance itself, combine with investment period and after expiry of this is allowed to remove the initial premium required to contrast and extraordinary contributions made, including a profit.
Insurance savings and investment: minimizing the risks
The search for risk reduction includes reduced yields in the investment world, which is used to maximum savings insurance and investment. The benefits in this type of product about 3% or 5% APR. The crisis means that profitability decreases, and also the number of users you want to hire this type of product. Given the need to attract customers, current provision emphasizes the security of capital, the availability of money and flexibility to make the premiums.
Insurance savings and investment: do them any good? There are entities that offer savings insurance premiums regularly, which offer the possibility to save little by little, with flexibility. Planning a partial contribution plan in accordance with the possibilities of the insured, and extraordinary contributions that may have minimal or no.
Flexibility, but with conditions
The flexibility in contributions and in saving money are the values that are getting to grips banks and to promote their products and win customers. This is reflected in insurance savings and investment have the potential to temporarily suspend payments, to change the amount and schedule of premiums for each semester, or to have all or part of the accumulated capital, besides being able to make extraordinary contributions in any time.
The value of liquidity associated with certain investment includes the possibility of redemption in advance, in addition to loans or advances account. The availability of money before maturity from six months can be reduced to three months in some cases, although with variations in the securities and profitability. The adjective applied to guaranteed investment is often limited to the withdrawal after the deadline, rather than early retirement.
The distinguishing feature of saving and investment insurance is that they allow one hand to make extraordinary contributions, which feed the investment and the ultimate benefit, and, secondly, to withdraw the money before maturity: in general, after six months insurance for one year.
Savings and investment insurance: taxation
Since 1 January 1999, the contributions made to savings and investment insurance are not eligible for deduction in income tax and the benefits which are paid in case of survival or rescue are considered investment income tax, whose taxation is 18%. However, until money is withdrawn before or after maturity or whether to extend the policy and extends the investment is not taxed.