Our Wealth Management Offer
Portability, mobility, asset transfer: discover our tailor-made life insurance solutions for 17 different countries.
Our Wealth Management insurance solutions
As the regulatory and tax environment constantly changes, life insurance is one of the best solutions for asset structuring and inheritance planning.
We develop international solutions and collaborate with an extensive network of prestigious partners, composed of established professionals in financial management and private banking. With the support of a comprehensive range of wealth structuring tools, our planning and asset transfer solutions are designed to assist our clients and partners over the long term.
What needs are met by Luxembourg life insurance?
Our life insurance and capitalisation solutions are made for High Net Worth Individuals (HNWI) or Ultra High Net Worth Individuals (UHNWI) in an international context. Our offer is tailored to our clients’ needs in terms of flexibility, portability and investment.
Our policies enable clients to combine five types of investment vehicles (regarding their profiles and residence country) for its policies: General Fund, External Funds, Internal Dedicated Funds, Internal Collective Funds and Specialised Insurance Funds.
If our clients decide to live in another country, our policies can be adapted under certain conditions to take into account the legal and fiscal environment of the new country of residence.
Why bring in Cardif Lux Vie?
With 30 years of experience working alongside private banking clients, Cardif Lux Vie, a subsidiary of BNP Paribas Cardif, offers many benefits in terms of stability and expertise.
- Solid financial base and membership of a top-tier international group, BNP Paribas;
- Teams of experts in a range of fields (legal, tax, investment) ensuring compliance with the rules applicable in each of these countries;
- The key role of our asset engineers, who have a panoramic perspective of the legislative frameworks. They complete the work carried out by the sales teams, supporting the intermediaries as they strive to find the best solutions to meet the most complex of situations and needs;
- Multicultural operational teams comprised of close to 20 different nationalities;
- An extensive offering for the residents of 17 countries within Europe and outside the European Economic Area (France, Luxembourg, Italy, Spain, Belgium, Portugal, United-Kingdom, Mauritius, Hong Kong, Monaco, China, Israël, Singapour, Mexico, Saint-Barthélémy, Saint-Marin, Jersey);
- International cover of our clients when they relocate to a new country, ensuring that the insurance solution complies with local regulations;
- 100% digital offer (subscription, switch, Withdrawal, electronic signature, consultation…);
- Performing General Fund managed from Luxembourg;
- Great flexibility in terms of assets accepted and management options with a Dedicated Internal Fund;
Major benefits to guarantee the best possible environment for demanding clients
- A stable environment: Luxembourg is located at the heart of Europe and enjoys political, economic and social stability (AAA sovereign rating).
- Recognised know-how in Europe: the activities of Cardif Lux Vie fall within the European regulatory framework on the freedom to provide services, which authorises EU residents to subscribe to a policy with a life insurance company established in another member state. Luxembourg insurers have a well-established expertise with in-depth knowledge of the legal, fiscal and prudential rules of the European legislative regimes.
- Protection of policyholders: clients of an insurance company in the Grand Duchy of Luxembourg are covered by two mechanisms to protect their assets.
- The Triangle of Security mechanism governs the deposit of the underlying assets in policies under an agreement between the Luxembourg insurance undertaking, the custodian bank and the Commissariat aux Assurances. This mechanism guarantees the separation of the company’s own assets from those that represent the company’s obligations.
- The Super Privilege ensures that the policyholder will be a first-ranking creditor in case of default of the insurance company.
- A tailor-made wealth management solution: the life insurance policy offers a high level of flexibility in terms of the available investment options and scope for changes (international portability and adjustment in the event of change of residence status).
- Tax treatment: in view of Luxembourg’s tax neutrality, the income generated from the life insurance policy will only be taxed in the policyholder’s country of residence.
