In the large insurance market, provident agreements provide protection against the consequences of a deterioration in one's state of health.

Whether they are taken out within the framework of your company (collective contract) or individually, these contracts aim to cover the risks of temporary incapacity for work, invalidity, loss of autonomy and death.

In any case, the purpose is then to pay your family or yourself a substantial sum of money to face this ordeal.

However, in the event of your death, this capital can take different forms.

We review them.

A pension for the surviving spouse

Equal pay for men and women is still far from being a reality.

In fact, the lifestyle of many couples is often based on the income of the gentleman.

And once retired, this financial imbalance is further accentuated by pension disparities.

The disappearance of the one who had the highest income can therefore lead to a dramatic drop in resources for his other half.

However, the death benefit granted by Social Security and any survivor's pension are not always sufficient to compensate for this financial loss.

This is where the surviving spouse's pension can be an interesting financial supplement since it can take the form of a temporary or life pension.

The calculation of its amount may depend on the age of the beneficiary, the mortality grid applied by the insurance company but also be based on a percentage of the last salary received by the insured, the average of his pay on a year or his accumulated Agirc-Arrco supplementary pension points in the case of a company pension contract.

As for the choice of the beneficiary, it is classically the surviving spouse not legally separated (therefore not divorced), the PACS partner or even the notorious cohabitant with whom the insured person lived in a stable and continuous manner.

When completing this clause, it is also possible to designate precisely the identity of the person concerned, by adding secondary beneficiaries to prevent the sum from being lost in the event of their death.

The education annuity to finance studies

Death insurance contracts also allow you to take out an education annuity guarantee at the same time, intended to meet the needs of the dependent children of the deceased, until they reach a certain age (between 18 and 28 depending on the agreements).

This aid is therefore provided over time, through a monthly or quarterly grant, the total amount of which has been determined from the outset.

In general, the minimum pension provided is €15,000 per year, but it can be higher depending on what you are willing to pay in annual premium.

Rather than an identical payment to your children throughout the period covered, it is also possible to opt for a progressive amount according to their age, in order to take into account the increase in costs in adolescence, then during the pursuit of higher education.

This cover can be taken out by one or both parents, or even by the grandparents and for the benefit of one or all of the children.

However, a family ceiling limits the amount of annuities contracted by an insured person for the benefit of several of his children.

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You should also know that some contracts provide for the capital granted to be doubled when the second parent also dies during the period covered, thus rendering the child an orphan.

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Focus: Points of vigilance

Before subscribing to a pension contract, you must be aware of its limits.

Remember that this is a so-called “lost fund” product, which therefore does not allow you to build up capital, unlike a savings contract.

In practice, if you are still alive at the end of the determined period, for example when your child turns 25 when this date is that of the end of cover, no savings will be paid to him and you will not recover your contributions. .

Similarly, if you purchased a surviving spouse's annuity but the surviving spouse predeceases you, the funds will again be lost.

As with any insurance contract, it is also imperative to carefully examine the exclusions and limits of cover provided in order to benefit from the best possible cover.

  • Contract

  • Couple

  • Family

  • purchasing power