What Role Does Life Insurance Play After Retirement Of An Insured?

What Role Does Life Insurance Play After Retirement Of An Insured

Life insurance is a particularly attractive and relevant tool when it comes to building up long-term capital. Thanks to the variety of media available, the subscriber will be able to invest in accordance with his risk profile and his investment horizon.

The advantage of the life insurance contract also lies in the taxation of products (capital gains and interest). The products are only subject to taxation in the event of partial or total withdrawal.

In addition, the sums invested are not blocked. A partial or full redemption (withdrawal) can be made at any time. In addition, a partial surrender does not result in the termination of the contract.


If you have ever thought about purchasing an investment product to supplement your retirement, you must have heard about it or thought about opting for life insurance. In fact, well-designed and managed your contract allows you to access your capital as and when you need it during your retirement, a good way in short to receive additional income at retirement.

Life insurance services providers are very popular among retirees who wish to organize their succession and protect their loved ones. In fact, in retirement, needs change and so do expenses. Spending on leisure, health and well-being can take a larger part in your budget, while certain expenditure items can decrease or even disappear such as mortgage repayment, education funding, etc. children’s leisure and education.

It is therefore important to know your retirement budget in order to define as accurately as possible the savings necessary to set up between now and then. Are you far from retirement and want an estimate of your pension? Contact RKFS and take help of its wealth management expert.

The sums placed on your life insurance will automatically return to your beneficiary, if your clause is well drafted, with a tax system that is much more advantageous for them than in the context of a traditional succession.

When taking out all life insurance, you will have two main things to do:

  • The payment of your first contribution
  • The designation of your beneficiary/ies.

The payment of contributions is variable: you can choose to deposit a single payment in the form of a lump sum or choose periodic premiums on a monthly, quarterly or annual basis.

As for the choice of your beneficiary, you can keep the default clause or indicate precisely the first name of the person to whom you wish to bequeath your savings. But be careful: don’t forget to change it if you change your mind a few years later.

With this product you invest money with a view to saving in the medium and long term. Unlike insurance or a provident contract which guarantees you against a risk, with life insurance you put money aside in order to recover the stake with interest, at the end of the contract.

This money will then be available, either at the end of the contract or in the event of death. Taking help of life insurance service providers to invest in life insurance is a good way to prepare a capital for retirement and to guarantee funds for your family in the event of death.

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