Luxembourg life insurance,
offering you security and flexibility

This system guarantees the separation of clients’ assets from those of the insurance company’s shareholders.

These representative assets must be deposited with an independent credit institution previously authorised by the Commissariat aux Assurances, namely the Custodian*, which is required to separate these assets from its own assets, increasing security for clients.
*Article 117(2) of the Law of 7 December 2015 on the insurance sector, as amended

Luxembourg companies have two types of assets: assets owned by the company, and assets underlying the life insurance and endowment policies that make up the segregated assets.

In the extreme case of an insurer being unable to honour all of its commitments to its clients, the clients hold a shared “super privilege” taking precedence over all other creditors with regard to the segregated assets (Article 118 of the Insurance Sector Act of 7 December 2015, as amended).

Should the segregated assets prove insufficient to reimburse all clients, the latter will have a special entitlement to the company's other assets (Article 119 of the Insurance Sector Act of 7 December 2015, as amended), with the notable exception of amounts charged by the government and local public authorities, legal costs liquidation expenses, employee receivables, and liabilities on claims for accidents.

- An heir or third party (depending on the legislation in your country of residence)
- Multiple or successive beneficiaries
- Children yet to be born

Thanks to the flexibility of Luxembourg life insurance, you can set different amounts for each beneficiary, or impose specific clauses such as a split beneficiary clause (final ownership for the children and use by the surviving spouse, for example).