grands-principes

The main principles of life insurance

Luxembourg life insurance, an investment concept combining the protection of insurance, wealth management and succession planning in accordance with the legal and tax rules applicable in the subscriber’s country of residence.

Life insurance is…

  • A comprehensive wealth planning instrument: the third-party benefit stipulation characteristic of life insurance allows the beneficiary or beneficiaries of the policy to be freely specified from outset, i.e. upon subscription. Thus when drawing up the beneficiary clause, the subscriber can:
    • directly favour an heir or a third party (subject to compliance with the legislation of the subscriber's country of residence);
    • designate multiple and/or successive beneficiaries;
    • designate children yet to be born;
    • designate beneficiaries living or represented;
    • set different amounts for different beneficiaries.
  • An effective tool for succession planning: its specific legal framework, its European and indeed international recognition and its great flexibility as regards the designation of beneficiaries make the life insurance policy the wealth transmission and succession planning tool par excellence. The subscriber can determine the time of the transmission and the level of control he/she wishes to retain on the assets to be transferred.

The Luxembourg life insurance policy is thus a particularly suitable tool for clients wishing to access a range of tailor-made solutions. It is the only investment formula allowing the choice of beneficiary or beneficiaries in case of death, the capital being transmitted outside the normal boundaries of succession. Moreover, in the majority of European countries, life insurance benefits from a favourable tax treatment.

Lastly, the wide range of financial solutions offered enables each client's precise objective to be responded to, whether by means of a multi-asset type allocation (external fund), an internal collective fund or an internal dedicated fund; in the framework of a discretionary management aimed at a private clientele.

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