Capitalization

The capitalization is a system of financial Placement of which the incomes (interest S, Dividende S, Plus been worth S of transfers…) periodically versed with the recipient, but are not transformed into capital to produce in their turn of the incomes until the expiry of final refunding.

It is often the case for a Plan of saving in which the saver makes an initial payment and periodic payments, then at the end of the contract a lump sum recovers (or in certain cases, a Rente, versed it also periodically).

Reprocess by capitalization

In a system of retirement by capitalization, the saver buys with the financial institution of the future rights, generally a future share of the benefit generated by a collective placement. The retirement scheme by capitalization, is conceptually opposed to that Retraite by distribution.

It is the system of " the insurance life " , i.e. the “risk” against which one guards oneself is well the case where the subscriber would be in life at the date of reference (it is thus well the reverse of a life insurance).

The system is very flexible and very variable, the contracts are thus very diverse. For example, they can or not envisage:

  • a possibility of making profit others (a spouse, a child, or even a third without bond family…) acquired rights, either by designation clarifies or at the time of the death of the first recipient (" reversion" ; in this case there is generally a strong rebate on the rights).
  • a possibility of withdrawing itself in whole or part, i.e. to reconvert the points in capital, starting from a certain time (in France often 8 years, to align itself over the minimum durations to profit from certain tax incentives)
  • a possibility of choice (" arbitrage") between various types of “supports” with different characteristics (supposed more or less sure, more or less profitable) (contract known as “multimedia”)
  • a Life annuity
  • of the ancillary services: disability insurances, etc and without limits other than the imagination of the insurer and those of the general right.

This system constitutes a good solution to circumvent a successional right sometimes not very in conformity with the wishes.

Other capitalizations

See too

Random links:Quesques | Castle White Horse | Atrak | Audi NSU Ro80 | Tart with the screw | Bluff_(tisonnier)