Life insurance or PER: what better investment to prepare for retirement?

Do the French still rely on pay-as-you-go retirement to ensure their old age? At the very least, they do not place excessive trust in the system to maintain their standard of living. As proof, at the end of 2022, 18 million French people had a life insurance contract for a total of 1,842 billion euros, and more than 6.5 million had opened a retirement savings plan (PER) for an outstanding amount of 73 billion euros.