Money placed in life insurance contracts is not as secure as one might think. There are 4 ways to dispose of your savings: total buyback, partial withdrawal, advance and pledge.

Total surrender of his life insurance policy

The total purchase must be included in the terms and conditions of a life insurance policy. It puts a definitive end to the contract. Only the subscriber may request it at any time during the term of the contract (except in the case of acceptance and except in certain cases) and he receives the value acquired under management. This value, if it is increased by capital gains, is taxable. A contract bought back can not be reopened.