In a life insurance contract, the beneficiary clause designates the person or people who will receive the capital on the death of the insured. It is a central part of the contract.
A tailored clause
You can name a spouse, children, a loved one, a combination of beneficiaries with defined shares, or provide for “second-rank” beneficiaries. The wording must be precise to avoid ambiguity.
- Update the clause after a life event (marriage, birth, divorce…).
- Check consistency with your inheritance situation.
- Provide for backup beneficiaries.
Transfer of wealth and taxation
The tax and inheritance treatment depends on your country of residence and your relationship to the beneficiaries. These rules should be assessed with a qualified professional. We support you in drafting a clause that is clear and consistent with your wishes.
General information, subject to legal and contractual conditions and your personal situation; to be confirmed with the ACD (Luxembourg tax authority) or a qualified professional.