The LIFE ANNUITY is an "old" system that allows an older person to sell his property for a capital called "bouquet" (lump sum) and a monthly annuity called "rente".

It's an "old" system which goes back to distant civilizations. Closer to us, it was the subject of multiple researches between the 16th and 18th centuries, particularly with the advent of the "life tables". These tables are showing us that the life at these different times was already a real financial instrument since recognized mathematicians were interested in it. The life annuity had a social utility since it made possible to avoid the desertion of the lands and it was as such an excellent means of transmission for the people without descendants or for the ecclesiastics. The said tables show that the population would die at a relatively young age compared to today (around fourty years old) so you could sell at a very young age. For all that, it is important to note that tables often went up to 100 years old. Louis the XIVth is an example of the longevity people could have at this time. Women used to die younger than men, whereas today it is necessary to notice that women usually live longer than men.

Whether it disturbs consciences or not, today's life annuity is experiencing renewed vigor due to the economic crisis.

Becoming the prerogative of the "silver economy", it is the subject of all attention since it is a real answer to "Ageing Well" and is a very good complement to the pension system by capitalization.

For 75 years, we have been trying to give back to the life annuity its "nobility" and especially to rehabilitate it to a greater number...

The FORWARD SALE (or Term Sale) is an alternative to bank credit. This practice is very widespread in the sale of commercial premises or business assests where it bears the name "vendor-credit".

Historically the term sale was widespread in France from the Middle Ages until the Second World War. Between the 16th century and the 18th century, it is the subject of all the attention as we can see it due to the development of depreciation tables.

After the Second World War, this system was eclipsed by the democratization of the bank loan.

The current economic crisis has made it possible to "rediscover" the forward sale which can be an answer in order to quickly sale goods or for people looking for an housing contribution at a lower rate than the current bank ones.

It is two different types of OCCUPIED LIFE ANNUITIES.

These two systems share the same particularity: there is no monthly annuity to pay contrary to a more classical occupied life annuity which includes a lump sum and monthly annuities.

Their main difference between both options reside in the fact that the bare ownership will allow the seller to be able to rent his property if he desires to do so. In that case, he will keep paying the property tax.

These two formulas can be financed by a bank loan due to the lack of monthly annuities to pay.