Loan Insurance: Hidden Purchasing Power

 

“The happiness of citizens is not in a tax envelope, but the lack of money ends up reaching the capacity of social life of the French. “*

Since November 17, yellow jackets do not release the pressure to voice their difficulties. If the claims are multiple and sometimes heterogeneous, the dominant cry remains that of the decline in purchasing power.

 

Why do they campaign to defend purchasing power?

Why do they campaign to defend purchasing power?

The movement mobilized a lot of people, mostly people who had never shown before. The tax on petroleum products, which concerns even more the inhabitants of the peri-urban area and the province, who had already seen their purchasing power fall, set fire to the powder.

The subject is not new and the erosion of purchasing power had led the Brer Rabbit community to reflect on the challenge of protecting the standard of living and to find the right price for constrained expenditure.

 

The borrower insurance, a wealth of purchasing power at hand.

 The borrower insurance, a wealth of purchasing power at hand.

Among the expenses constrained, the insurance borrower occupies a place of choice: it is on average 2 times too expensive. Today, 12 million borrowers are concerned in France by the borrower insurance. To halve the cost of their loan insurance would be to return 4.5 billion euros of purchasing power. (Incidentally, it is the order of magnitude of the revenues expected by the tax on the energy transition!).

To promote the return of this manna of purchasing power (€ 600 per year for a couple) the Bourquin law made possible the change of loan insurance. Since January 1, 2018, the loan insurance contract may be terminated on each anniversary date of the loan (with 2 months notice).

 

Banks resist requests for loan insurance changes.

 Banks resist requests for loan insurance changes.

The financial stakes are enormous and the banks are doing everything they can to resist clients’ requests for a change of insurance by complicating the cancellation process. For example, they tried to add some fuzziness in the procedure by playing on the anniversary date of the contracts to refuse to terminate. Thanks to your support for Brer Rabbit who denounced this practice, the obstacle has been removed: from now on, only the date of signature of the loan offer is valid.

To restore the purchasing power captured by the anticompetitive practices of the credit insurance, the Brer Rabbit community has created a digital platform to restore the right price. The Brer Rabbit website automatically takes care of change formalities by dividing the cost of borrower insurance by two.

 

Changing loan insurance has become easy.

 Changing loan insurance has become easy.

It’s so simple, so simple that everything is done to silence Brer Rabbit and the bank lobby is on his back.

Help us restore nearly 5 billion euros of purchasing power to the middle class by talking to your friends about the Bourquin law and the simplicity of change in their loan insurance 2 times too expensive.

 

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