A viagère rente is a lifelong payment that individuals receive, similar to a regular allowance. This form of payment is commonly utilised in French law and can also pertain to the interest paid by the French government on their debt. A rentier is an individual who either receives this type of payment or sustains their livelihood through income from property or investments.
Viagère rente, also known as a life interest or annuity, is a French term that describes a form of rent charge or annuity that is paid for the duration of a person’s life. When someone invests in a viagère rente, they can expect to receive a regular income for the rest of their life. This income is typically distributed in installments and is determined by the initial investment amount and the individual’s life expectancy. In French law, viagère rente falls under the broader category of rente, which encompasses various forms of annual income or rent, such as rente foncière (ground rent) and interest on government debt. Ultimately, viagère rente offers individuals a reliable income stream throughout their lifetime, making it a valuable tool for retirement planning and other financial objectives.
A viagère rente is a type of annuity payment that is made for the lifetime of the recipient, regardless of how long they live.
A viagère rente is unique in that it is paid for the lifetime of the recipient, whereas a regular annuity may have a fixed term or end at a certain age.
Typically, viagère rentes are available to individuals who are at or near retirement age and are looking for a guaranteed income stream for the rest of their lives.
The amount of a viagère rente is determined by a variety of factors, including the age and life expectancy of the recipient, as well as the amount of the initial investment.
In most cases, a viagère rente cannot be passed on to a beneficiary, as it is designed to provide income for the lifetime of the recipient only.
If the recipient of a viagère rente passes away before receiving the full value of the annuity, the remaining payments may be forfeited.
In most cases, a viagère rente cannot be cashed out early, as it is designed to provide a guaranteed income for the lifetime of the recipient.
The tax treatment of viagère rentes can vary depending on the specific circumstances and the laws of the jurisdiction in which the recipient resides.
In some cases, a viagère rente may be used as collateral for a loan, but this will depend on the terms of the annuity contract and the policies of the lender.
To purchase a viagère rente, individuals can typically work with a financial advisor or insurance agent who specializes in retirement planning and annuities.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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