Insurance Product

There are five main categories of life insurance products. Each category has a different objective:

• Life insurance savings contracts
• Term life or whole life insurance (death cover). Quarzo Life does not manage these contracts.
• Retirement savings plans (PER Assurance) and supplementary pension contracts
• Funeral insurance. Quarzo Life does not manage these contracts.
• Capitalisation contracts, which include the insurance PEA

Individual contracts

Individual life insurance savings contract

Triggering event: life (the policyholder can surrender the contract at any time) or death.

Parties: policyholder, insured, beneficiary.

Individual retirement savings plan (PERIN)

Triggering event: retirement, or death before retirement.

Parties: policyholder, insured, subscribing association, beneficiary.

Capitalisation contract

Triggering event: the end date of the contract. A surrender is possible at any time. Legal entities often use a capitalisation contract to invest their cash. The insurance PEA is a capitalisation contract for individuals.

Parties: policyholder (a capitalisation contract has no insured person).

Group contracts (an employer subscribes)

• PERECO (collective company retirement savings plan): the employee decides the premium payments.
  • Parties: policyholder (the employer), insured, beneficiary.
• PERO (mandatory company retirement savings plan): the employer decides the premium payments. The PERO replaces the "article 83" contracts.
  • Parties: policyholder (the employer), insured, beneficiary.