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  5. Luxembourg Life Insurance advantages for Luxembourg Residents

Luxembourg Life Insurance advantages for Luxembourg Residents

  • Free designation of the beneficiary or beneficiaries at any time
  • Absence of income tax in the event of total or partial redemption
  • A good way of passing on assets:
    • Absence of inheritance tax in a direct line, or between spouses or partners bound by a civil union, subject to compliance with legal rules governing transmission of inherited property. In other cases, brackets ranging from 4% to 15%.
    • Capacity to transfer capital freely to the selected beneficiaries.
    • Optimisation possible in the event of cross-border estates, where beneficiaries are located outside Luxembourg, thanks to the numerous non-double taxation tax treaties signed by Luxembourg.
    • Possibility of providing for a dismembered beneficiary clause to prepare transmission over several generations.