The advantages of a unit-linked life insurance policy
27.10.2021
Operation of the special privilege in the event of default by the insurance company
The special privilege, following the entry into force of the Luxembourg Law of 10 August 2018 transposing EU Directive 2016/97 of the European Parliament and Council of 20 January 2016 on the distribution of insurance, amending the amended law of 7 December 2015 on the insurance sector :
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The contents of this theme
06.09.2019
Reading time: 3 minutes
The Sapin II Law: consumer protection or confiscation of savings ?
What impact does the Sapin II law have on life insurance contracts?
05.09.2019
Reading time: 5 minutes
Comparison of different policyholder protection mechanisms in Europe
How is the policyholder of a life insurance policy protected in different European countries?
04.09.2019
Reading time: 8 min
Asset protection and estate planning
Asset protection and investment flexibility.
03.09.2019
Reading time: 7 min
Measurement of the solvency of an insurance company
What you need to know about an insurance company's solvency margin.
02.09.2019
Reading time: 3 minutes
How the "special privilege" has been improved thanks to the Excell Life case.
A super privilege reinforced in 2018
01.09.2019
Operation of the special privilege in the event of default by the insurance company
What happens in the event of a default in the life insurance company?
How does the Luxembourg super privilege operates?
In the event of default by the insurance company, the super privilege allows the policyholder of a Luxembourg life insurance policy to recover his assets before any other creditor of the company. At the time of liquidation, the policyholder of a unit-linked contract will be able to recover the value of the liquidated assets in proportion to the number of units of account linked to his contract.