Quilter Int'l launches product for British expats in France
Quilter International has announced it is launching its new French Executive Portfolio.
The French Executive Portfolio is described as a "tax efficient life assurance product for wealth planning" and is available to customers who have at least €75,000 to invest.
The type of product is known as "Assurance- Vie" in France and is the number one savings vehicle there due to its efficiency.
An estimated one in three French residents own a life assurance product and there are approximately 150,000 UK expats living in France."
It is a single premium, whole of life policy and can be applied for by individual or joint applicants and has a death benefit of 101% of the value of the bond.
The product is aimed at the English-speaking expat market in France.
Peter Kenny, CEO, Quilter International said: "After listening to our European adviser community, we realised there was widespread demand for a French compliant product for English-speaking expats in the country."
"An estimated one in three French residents own a life assurance product and there are approximately 150,000 UK expats living in France, illustrating that there is a large market with a clear need for a product like this."
Kenny added: "The product enables customers to access a wide range of investment opportunities and is portable suiting internationally mobile expats. Similarly, clients benefit from simple tax reporting, improved intergenerational wealth planning options and tax efficiencies."
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