The taxation of a life insurance policy depends heavily on your country of residence and the applicable framework; you should therefore be cautious about any generalisation.
Two key moments
- During the life of the contract: the treatment of surrenders/withdrawals depends on the rules of your country of residence.
- On transfer: the capital paid to beneficiaries follows the applicable inheritance and tax rules.
There is no tax answer that applies to everyone. The outcome depends on your residence, your relationship to the beneficiaries and the legislation in force. These aspects should be confirmed with a qualified professional.
Our approach
We help you understand the overall logic and ask the right questions, working with your usual advisers (notary, accountant…) where needed. The goal: a clear structure, tailored to your situation.
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.