Luxembourg life insurance,
offering you security and flexibility

As an insurance broker, we give you access to life insurance and endowment products. Through our partnerships with insurance companies, we provide high-end solutions tailored to your goals and complying with regulations in Luxembourg as well as your country of residence.

We can also direct you to any more appropriate solutions from our partners, according to your country of residence.

For residents

Luxembourg

Belgium

France

Germany

Italy - Spain - Portugal - Sweden
Finland - Denmark - Norway - Poland

The benefits of life insurance
in Luxembourg

Customisation according to your needs

Within Luxembourg’s specific, advantageous legal framework, we offer solutions that can be customised according to your needs, capabilities and goals.

An experienced partnership

Since 2005, BIL has been operating as an insurance brokerage company under the supervision of the Luxembourg Insurance Commission (Commissariat aux Assurances de Luxembourg – CAA). Our intermediation business is carried out under the freedom to provide services (in the following countries: Luxembourg, Belgium, France and Germany).

A unique form of protection: triangle of security

Luxembourg life insurance companies recognise commitments to their clients as technical provisions in their balance sheet liabilities. Luxembourg legislation stipulates that these technical provisions must be represented by an equivalent amount of assets selected on the basis of their quality.

This system guarantees the separation of clients’ assets from those of the insurance company’s shareholders.

These representative assets must be deposited with an independent credit institution previously authorised by the Commissariat aux Assurances, namely the Custodian*, which is required to separate these assets from its own assets, increasing security for clients.
*Article 117(2) of the Law of 7 December 2015 on the insurance sector, as amended

A unique form of protection: Super Privilege

Luxembourg has the most innovative investor protection system in Europe. “Super Privilege” ensures that the money saved in a Luxembourg life insurance policy is particularly well protected.

Luxembourg companies have two types of assets: assets owned by the company, and assets underlying the life insurance and endowment policies that make up the segregated assets.

In the extreme case of an insurer being unable to honour all of its commitments to its clients, the clients hold a shared “super privilege” taking precedence over all other creditors with regard to the segregated assets (Article 118 of the Insurance Sector Act of 7 December 2015, as amended).

Should the segregated assets prove insufficient to reimburse all clients, the latter will have a special entitlement to the company's other assets (Article 119 of the Insurance Sector Act of 7 December 2015, as amended), with the notable exception of amounts charged by the government and local public authorities, legal costs liquidation expenses, employee receivables, and liabilities on claims for accidents.

Access to a range of investment vehicles

The investment vehicles’ appeal make Luxembourg life insurance a unique solution. Depending on the policyholder’s country of residence, BIL may offer up to five types of investment vehicle in a single insurance policy.

An effective estate planning tool

Luxembourg life insurance packages give holders free choice over the final beneficiary or beneficiaries when the policy is signed. This choice may be revised or changed throughout the term of the policy (provided that the beneficiary has not exercised their right of acceptance, according to the legislation of their country of residence) and, for example, allows the holder to name:

- An heir or third party (depending on the legislation in your country of residence)
- Multiple or successive beneficiaries
- Children yet to be born

Thanks to the flexibility of Luxembourg life insurance, you can set different amounts for each beneficiary, or impose specific clauses such as a split beneficiary clause (final ownership for the children and use by the surviving spouse, for example).

Investment vehicles

Dedicated internal funds (FID)

Truly customised discretionary management, whether tailored or standardised (BIL SERENIO), for each investor and their immediate family. The manager may invest in a wide range of assets and sophisticated products (equities, bonds, investment funds, alternative products and funds, and in some cases private funds.

Specialised insurance funds (FAS)

Policyholders are in touch with an Investment Adviser but have the final say over the financial products or securities used, within the investment constraints stipulated in the policy. FAS also give policyholders the option of holding and bequeathing a particular securities portfolio or investing in specific assets without holding them under a management mandate (structured products, private equity, etc.).

General funds (or Euro funds)

General funds (or Euro funds) are managed by the insurance company. They offer capital protection throughout the investment period, regardless of how the financial markets fluctuate.

External funds

Policyholders select the investment funds underlying the insurance policy from a list approved by the insurance company (around 400, including our BIL Invest fund range).

Collective internal funds (FIC)

Collective Internal Funds are open to groups of investors who are not necessarily from the same family. They are managed according to a specific investment strategy / risk profile (e.g. secure, cautious, balanced). They are an ideal vehicle for the collective management of policies.

All investment vehicles comply with CAA circular 15/3.