Luxembourg Life Insurance advantages for Portuguese Residents

  • Free designation of the beneficiary or beneficiaries at any time

  • Absence of taxation if no redemption is made during the life of the contract

  • Tax benefits in the event of redemption after 5 years of ownership of the life insurance policy

  • A way of passing on assets:

    • The capital payable on the death of the policyholder does not enter into the deceased’s estate.

    • Capacity to transfer capital freely to the selected beneficiaries.

  • In case of the policyholder's death, the beneficiaries are not subject to personal income tax. It should be noted that the premiums and commissions associated with the contract are excluded from Portuguese stamp duty.