Life insurance: conditions for the tax regime, including foreign contracts

The life insurance tax regime (income tax and death duties) would be reserved for contracts whose premiums are paid in cash, whose underlying assets are equivalent to those of contracts under the French Insurance Code, and whose dedicated fund does not hold securities issued by the policyholder, the insured person, the beneficiary, their family or entities they control. Contracts taken out with foreign insurers would need to have similar characteristics.