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Portability of the life insurance contract: what characteristics needs to be adapted when relocating?

By - Bâloise Vie International

When a policyholder holds a Luxembourg life insurance contract and choose to relocate, he can keep his policy, benefiting from its portability. However, some features of the contract (underlying assets, death coverage, etc.) will have to be adapted according to the choice of the country of destination. 
Moreover, the taxation applicable to the contract will be that of the policyholder's country of residence and therefore the one of the country of destination.
Select the country of destination in order to find out which characterics are available.

 

Belgium
Spain
France
Italy
Luxembourg
Portugal
Sweden

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
No


Minimum death coverage:
No

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
No


Minimum death coverage:
Yes

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
Yes


Minimum death coverage:
No

Available investment:
FE / FIC / FID 


Minimum death coverage:
Yes

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
Yes


Minimum death coverage:
No

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
Yes


Minimum death coverage:
No

Available investment:
FE / FIC / FID 


LPOA / SIF possible:
Yes


Minimum death coverage:
Yes

Summary table

  Available investment LPOA / SIF Possible Minimum death coverage
Belgium FE / FIC / FID   No No
Spain FE / FIC / FID   No Yes
France FE / FIC / FID  Yes No
Italy FE / FIC / FID     Yes
Luxembourg FE / FIC / FID   Yes

No

Portugal FE / FIC / FID   Yes No
Sweden FE / FIC / FID  Yes Yes

Attention: in the context of a relocation, the policyholder should refer to his or her usual advisor or life insurance company beforehand, in order to analyse the situation in detail.                        

EF: External Funds
ICF: Internal Collective Fund
IDF: Internal Dedicated Fund
SIF: Specialized Insurance Fund
LPOA: Limited Power Of Attorney

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