Quilter International has launched a French Executive Portfolio, which it describes as a tax-efficient life assurance product for wealth planning.
It is available to customers who have at least €75,000 (£66,858, $89,665) to invest.
The type of product is known as ‘Assurance- Vie‘ in France, which Quilter International says is the number one savings vehicle in the country due to its efficiency.
The French Executive Portfolio 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.
Efficiency and intergenerational wealth
Peter Kenny, chief executive of Quilter International, commented: “After listening to our valued 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.
“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,” Kenny added.
