Portability of the life insurance contract: what characteristics needs to be adapted when relocating?
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
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.
Case Study: Portability France - Italy
Portability of a policy from France to Portugal
Life insurance in a Franco-Belgian context
A world on the move: statistics on world and European mobility
Portability of the life insurance contract: what characteristics needs to be adapted when relocating?
In the context of an expatriation, one can maintain a Luxembourg life insurance contract and benefit from its portability. However, it is useful to carry out an audit before expatriation in order to find out whether certain features such as the underlying assets or the death cover need to be adapted.