Placement Melts of guaranteed: FUNDS SEDENTARYRate to the 31/12/2005 4,41% Net (Except social taking away) The search for a regular and definitively acquired output. Funds Guaranteed with for goal to guarantee safety to you. The structure of its wallet is characterized by a very strong proportion of obligations (about 90%) and the choice of investments privileging the placements of great quality. A remuneration optimal and guaranteed.10.000 €uros invested on the Funds Guaranteed open since the 01/01/1977 became to the 31/12/2005: 123.895 €uros (before social taking away).Advantages: - GUARANTEED RATE The insurance company, partners of the AFER, jointly guarantee to you an evolution of your saving in the Funds Guaranteed corresponding to the maximum authorized by the authorities..Obviously, the entirety of the financial results Nets obtained each year are allowed to you. - FINAL ATTRIBUTION OF THE RESULTS, THE PAWL EFFECT : When a exercise is finished and that the financial allocation of profit were registered in the Funds Guaranteed, it cannot be reinvested any more. This system enables you to put your saving at the shelter of the stock exchange risks. It functions indeed like a pawl. An obvious demonstration in was brought on several occasions since the installation of the AFER, in particular at the time of certain stock exchange crashes.

Taxation life insurance : The Multisupport Contract with Payments and Free Withdrawals AFER profits from the advantageous taxation of life insurance. Saving on the long term is encouraged: the interests are exonerated in the very large majority of the cases after 8 years of duration, the social taking away are perceived only with occasion of the repurchases and are exonerated in the event of death.The transmission of saving is facilitated: l´épargne istransmitted in the event of death to the recipients whom you freely designated, in the major part of the cases, without inheritancees tax death.

Afer Association:AFER is with origin one of original and single concept, with the crossroads of the mutualism and capitalism. The convention AFER, signed with partners insurers who bring their guarantee, is managed by GIE AFER (Groupement d´Intérêt Economique) directed paritairement by l Association and the companies d´Assurances. The presentation with the public of convention AFER (today the Multisupport Contract with Payments and Free Withdrawals) is entrusted to professional advisers: brokers d´assurances, boards of trustees of inheritance and agents of the companies d´assurances partners of AFER. The site of AFER, as well as word “AFER” one makes a declaration at the CNIL. You want will remake in mentions the legal page of the site of AFER.