Securities always arouse the interest of savers. But instead of investing directly, they prefer to use the units of account available in their life insurance contracts.
Shares, bonds, UCITS, Sicav, FCP, ETF… These so-called securities are held less and less in the context of a securities account or a PEA. On the other hand, they are much more so in the context of life insurance, via unit-linked (UC) which offer potentially more attractive but more risky returns than euro funds. This is revealed by a new study (1) carried out by the Financial Markets Authority (AMF).
The number of people declaring to have a unit-linked life insurance increased from 8% in 2009 13.4% in March 2022, relates this same study. At the same time, the number of private individuals who own securities directly is only decreasing, falling from 18% in 2009 to less than 10% in 2022. Among these securities, the AMF focuses in particular on equities whose rate of investment holdings (directly or via an equity fund), excluding life insurance unit-linked units, rose from 15% in 2009 to 7.5% in March 2022.
Passbooks, life insurance, PER… These French people who multiply investments
A phenomenon driven by the resurgence of multi-support life insurance contracts
If savers favor life insurance to invest in transferable securities, it is in particular because the offer of multi-support contracts, which make it possible to invest both in guaranteed capital euro funds and in unit-linked accounts, is growing. . Multi-media contracts represented, in 2015, 33.6% of offers against 40.9% today, according to a study by INSEE. The trend towards investment in units of account for transferable securities is driven by the proliferation of offers, but not only.
Life insurance: buying stocks, a good plan?
Investing in shares through life insurance is less expensive than through a PEA or a securities account and the interest earned is part of the advantageous tax regime of life insurance.
Life insurance: the comparison of reduced cost offers
(1) based on the SoFia study carried out in October 2021 with a sample of 12,000 individuals aged 15 and over