It is calculated based on the age of the seller (or both age groups in the case of a couple) and is called the „occupied value“ of the property. But buyers` children can also come in a shock when they inherit their parents` Life Annuity contract. If they do not meet the regular monthly repayments, the entire investment is written off and the original owner-tenant can resell his property. Under French law, if it is known that the seller is seriously ill, no Life Annuity contract can be signed. Thank you for contacting us. Although Viager`s questions can be complex, I suggest you contact an insurance agent for advice on this, perhaps through our business directory. Franck Haloche from the Allianz agency is usually very helpful. If anyone reading this is able to give advice, please contact us. Fortunately, the real estate market is relatively stable in France, but there is still a risk that the value of the house could fall between the price agreement and the buyer`s takeover due to the long-term nature of the investment. A life annuity is a real estate purchase contract signed by an older owner („Crédirentier“ or „Annuitant“) with a buyer („débirentier“), usually an investor in exchange for a pension and the right to remain in the property until his death. This is the most common type of life agreement and accounts for more than 90% of all transactions. It is called an „occupied life annuity“, which means that the seller retains the right to occupy the property until his death.