What if I changed the beneficiary clause of my life insurance?

Life insurance is not part of the policyholder’s estate. At death, it is a paragraph of the contract, the beneficiary clause, which stipulates to whom the sums fail. The result is a major tax challenge since each beneficiary is exempt up to €152,500 for sums invested before the holder turns 70 (afterwards, €30,500 exemption, all beneficiaries combined). Without a beneficiary clause or with an inapplicable clause, the contract is reinstated in the succession and all these advantages are lost!

When subscribing, we often opt for the standard clause of the insurer, which designates: “my spouse, failing that my children born or unborn, living or represented”. It must therefore be modified if you are in a PACS or cohabiting, or if you wish to designate several beneficiaries: in this case, you can assign a percentage to each (and not a share in euros, because the valuation can vary). You can also correct the clause to allocate, for example, the usufruct to your spouse and the bare ownership to your children. And of course, it must also be amended in the event of the disappearance of the beneficiary or after a separation if you had favored your ex! Or if you had designated your grandchildren by their names and new births have enlarged the tribe: in this case, add the newborns or endow, this time without the names, “my grandchildren, born or unborn “.

Correct the fuzzy formulas (“my nephews”, my partner, etc.), to name the beneficiaries precisely (…)

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