Life insurance savings
Life insurance savings combines a savings vehicle (MAD fund or multi-asset) and death protection. Main advantage: very favorable taxation (IR deduction at entry + exemption after 8 years).
Key characteristics
Annual yield
3.5-5.5%
Entry ticket
500 MAD
Horizon
8 to 25 years
Risk
2/5
Liquidity
Medium (weeks)
How it works
Pay regular or one-time premiums to an insurer (Wafa Assurance, RMA, AXA). Money is invested either in a secure MAD fund or in account units (equities, bonds). Redemption possible anytime.
Advantages
- IR tax deduction on premiums
- Gains exemption after 8 years
- Death capital for family
- Flexible long-term savings
Disadvantages
- Early redemption tax penalty
- Entry fees 2-5%
- Annual fees 0.8 to 1.5%
- Modest yield on MAD fund
2026 taxation
Tax rebate at entry (IR deduction on premiums, limit 10% of net taxable income, cap 50,000 MAD). Exemption of capital gains at exit if contract > 8 years.
For whom?
Retirement savings, long-term project preparation, patrimony transmission. Ideal for heavily taxed contributors (34-38% bracket).
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