Comparison of life insurance contracts in Luxembourg
What is the best Luxembourg life insurance contract?
The first comparison of life insurance policies in Luxembourg | 13 contracts scrutinized
There is no Luxembourg life insurance contract that is “best” in absolute terms. Each solution has different characteristics depending on the amount invested, the accessible investment supports, the fee structure and the investor’s wealth profile. Several criteria are analysed: advantages, choice of investment supports, fees, consultation via the Internet, protection options and solvency ratio of the insurance companies.
Freedom | Espace Lux | Profolio | Life Mobility Evolution | Premium Lux | Cardif Lux Vie | Wealins Life | Lifinity Europe | Global Invest Evolution | Wealth Executive Life | Amane Exclusive Life | Life Asset Portfolio | Helios |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lombard International | Generali | Bâloise Vie Luxembourg SA. | AG2R La Mondiale | Swiss Life Fr | BNP | Wealins SA | Axa Wealth Europe | Allianz | Vitis Life | Vitis Life | Swiss Life Lux | Foyer |
Solvency Ratio: 300% | Solvency Ratio: 293% | Solvency Ratio: 315% | Solvency Ratio: 221% | Solvency Ratio: 269% | Solvency Ratio: 135% | Solvency Ratio: 211% | Solvency Ratio: 197% | Solvency Ratio: 221% | Solvency Ratio: 259% | Solvency Ratio: 259% | Solvency Ratio: 141% | Solvency Ratio: 450% |
MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS | MINIMUM PAYMENTS |
| Minimum payment: €250,000 | Minimum payment: €250,000 | Minimum payment : €100,000 | Minimum payment: €100,000 | Minimum payment: €250,000 | Minimum payment: €250,000 | Minimum payment: €250,000 | Minimum payment: €300,000 | Minimum payment: €250,000 | Minimum payment: €50,000 | Minimum payment: €250,000 | Minimum payment: €250,000 | Minimum payment: €125,000 |
| Dedicated Internal Fund: From €250,000 | Dedicated Internal Fund: From €125,000 | Dedicated Internal Fund: From €125,000 Minimum per fund: €1,500 | Minimum per fund: €1,500 | Minimum per fund: €1,500 | Minimum per fund: €1,500 | Dedicated Internal Fund: From €250,000 | Dedicated Internal Fund: From €125,000 Minimum for euro funds and external funds: €50,000 | Cell | Dedicated Internal Fund: From €125,000 (with a declaration of movable assets of €250,000) | Contract compliant with Islamic finance rules | Dedicated Internal Fund: From €250,000 | Dedicated Internal Fund: From €125,000 |
| Additional payment: Minimum €50,000 | Additional payment: Minimum €10,000 | Additional payment: Minimum €5,000 | Free payment: €1,500 | Free payment: €1,500 | Free payment: €4,500 | Additional payment: Minimum €25,000 | Additional payment: Minimum €50,000 | Additional payment: Minimum €50,000 | Additional payment: Minimum €5,000 | Additional payment: Minimum €50,000 | Additional payment: Minimum €25,000 | Additional payment: Minimum €25,000 |
FEES | FEES | FEES | FEES | FEES | FEES | FEES | FEES | FEES | FEES | FEES | FEES | FRAIS |
Entry fees: Max. 4.5% | Entry fees: Max. 4.5% | Entry fees: Max. 5% | Entry fees: Max. 5% | Entry fees (negotiable): Max. 4.5% | Entry fees: Max. 5% | Entry fees: (negotiable) Max. 5% | Entry fees: Max. 5% | Entry fees: Max. 5% | Entry fees: Max. 3.5% | Entry fees: Max. 3.5% | Entry fees: Max. 4% | Entry fees: Max. 5% |
| Euro fund management fees: Max. 0.90% | Euro fund management fees: Max. 1% | Euro fund management fees: Max. 0.80% | Euro fund management fees: Max. 1% | Euro fund management fees: Max. 1% | Euro fund management fees: Max. 1% | Euro fund management fees: Max. 1% | Cell | Cell | Euro fund management fees: Max. 0.65% | Cell | ||
Unit-linked management fees: Max. 1% | Unit-linked management fees: Max. 1,5% | Unit-linked management fees: Max. 1,2% | Unit-linked management fees: Max. 1% | Unit-linked management fees: Max. 2% | Unit-linked management fees: Max. 1% | Unit-linked management fees: Max. 1,5% | Unit-linked management fees: Max. 1% | Unit-linked management fees: Max. 1,25% | Unit-linked management fees: Max. 1,20% | Unit-linked management fees: Max. 1,20% | Unit-linked management fees: Max. 2% | Unit-linked management fees: Max. 2% |
Switching fees: 2 free per year, 0.5% thereafter | Switching fees: 1 free per year, 0.5% thereafter | Switching fees: 1 free per year, 0.5% thereafter | Switching fees: Max. 0.60% or a flat fee of €150 per transaction | Switching fees: 1% (min. €250 / max. €500) | Switching fees: 1 free per year, 0.5% thereafter (max. €1,000) | Switching fees: 1 free per year, 0.5% thereafter (max. €1,000) | Switching fees: 1 free per year, 0.5% thereafter (capped at €300 for € to unit-linked funds and €1,000 for unit-linked funds to €) | Switching fees: €50 per switch and max. 1% of the switched amount | Switching fees: Max. 1% of the switched amount | Switching fees: Max. 1% of the switched amount | Switching fees: 1% of the divested amount (min. €250 / max. €500) | Switching fees: 1 free per year, flat fee of €50 per switch thereafter |
| SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS | SUPPORTS |
Unit-linked funds: Yes, more than 1,500 | Unit-linked funds: Yes, more than 180 | Unit-linked funds: Yes, more than 6,000 | Unit-linked funds: Yes, more than 1,500 | Unit-linked funds: Yes, more than 800 | Unit-linked funds: Yes, more than 200 | Unit-linked funds: Yes, | Unit-linked funds: Yes, more than 500 | Unit-linked funds: Yes, | Unit-linked funds: Yes, | Unit-linked funds: Yes, 15 “Shariah Compliance” | Unit-linked funds: Yes, | Unit-linked funds: Yes, 360 (more on request) |
| SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: Yes, but within a Dedicated Internal Fund of €250,000 | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only | SCPI: OPCI only |
Euro fund: Yes, limited to 25% of the subscription | Euro fund: Yes, limited to 60% of the subscription | Euro fund: No | Euro fund: Yes, there are 2 | Euro fund: Yes | Euro fund: Yes, there are 2 | Euro fund: No | Euro fund: Oui | Euro fund: Yes, limited to 50% of the subscription | Cell | Cell | Euro fund: Yes | Euro fund: No |
Multi-currency: €, $, £, Swiss franc (others on request) | Multi-currency: Yes | Multi-currency: €, $, £, Swiss franc | Multi-currency: €, $, £ | Multi-currency: Yes | Multi-currency: N/A | Multi-currency: Non | Multi-currency: Yes, worth over €63 billion | Multi-currency: Yes | Multi-currency: Yes | Multi-currency: Yes | Multi-currency: N/A | Multi-currency: €, $, £, Swiss franc (others on request) |
| Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: No | Diversified euro fund: N/C | Diversified euro fund: N/C | Diversified euro fund: N/C | Diversified euro fund: No |
| Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes | Discretionary management: Yes |
| Direct securities: Yes | Direct securities: Yes | Direct securities: Yes | Direct securities: Yes, within a Dedicated Internal Fund | Direct securities: Yes | Direct securities: Yes, within a Dedicated Internal Fund | Direct securities: Yes, within a Dedicated Internal Fund | Direct securities: Yes | Direct securities: Yes | Direct securities: Yes | Direct securities: Yes | Direct securities: Yes | Direct securities: Yes |
| OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS | OPTIONS |
| Management options: N/A | Management options: N/A | Management options: N/A | Management options: N/A | Management options: Yes, 4 | Management options: Yes | Management options: Yes | Management options: Yes | Management options: N/A | Management options: N/A | Management options: N/A | Management options: N/A | Management options: N/A |
| Protection options: Yes | Protection options: No | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: Yes | Protection options: No | Protection options: Yes | Protection options: N/A |
| Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: N/C | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: Yes | Capitalisation contract: No | Capitalisation contract: Yes | Capitalisation contract: Yes |
| Online consultation: Yes | Online consultation: Yes, coming soon | Online consultation: No | Online consultation: Yes | Online consultation: Yes | Online consultation: No | Online consultation: Yes | Online consultation: Yes | Online consultation: Yes | Online consultation: No | Online consultation: No | Online consultation: Yes | Online consultation: No |
| OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION | OUR OPINION |
| Liberté is a very good contract offering a euro fund not insured in France, escaping the Sapin law, as well as an innovative FAS or FID offering. It gives you access to all existing unit-linked funds, also in foreign currencies (CHF / $ / £ / others). The offering of unlisted assets is unmatched to date. | Espace Lux is a contract offering one of the best capital-guaranteed euro funds and a relevant selection of external funds. Generali, at the forefront of innovation, plans to provide internet access very soon. Finally, the Lux contract is relatively accessible. | A pure Luxembourg player, La Baloise is one of those flexible and responsive companies suited to demanding savers. There are no euro funds, but this is more than offset by a wide range of tried-and-tested, prudent external funds. The contract is accessible from just €25,000. | Life Mobility Evolution is the best-selling contract. Its capital-guaranteed Eurocit fund outperforms AG2R La Mondiale’s general fund over the long term. The contract is among the most accessible, with an entry ticket of €100,000. | Premium Lux is SwissLife’s new Luxembourg solution dedicated to French tax residents. A wide range of unit-linked funds is available, as well as the company’s solid euro fund. | BNP Paribas’ life insurance subsidiary offers serious advantages, but with fees at the higher end of the range. | Wealins SA was created in 2017 through the merger of two Luxembourg life insurance specialists: Foyer and IWI. This provides you with a high level of expertise. | AXA Wealth Europe, AXA’s new subsidiary, targets through Lifinity Europe a wealth management clientele seeking to entrust their assets to the world’s largest insurer. | Through Global Invest, the German insurer Allianz aims to offer savers a highly secure framework for their capital. Not the cheapest on the market, but among the most solid. | The most accessible contract on the market, starting from just €12,500, offered by a company with one of the highest solvency ratios. | Amane Exclusive is Vitis Life’s answer to Islamic finance. It competes directly with SwissLife’s Salam contract, offering greater flexibility and tailor-made solutions. It is particularly favoured by high-level athletes. | Not to be confused with SL’s Premium Lux, Life Asset Portfolio is marketed by SwissLife Lux, a distribution channel distinct from SL France. It is mainly aimed at non-French tax residents and expatriates. SwissLife Lux is one of the TOP 2 Luxembourg companies. | The company Foyer, whose capital is held by one of the 10 largest fortunes in Europe, demonstrates solid expertise in wealth engineering. There are no euro funds, but it has the ability to list most external listed funds in less than 72 hours. |
Reading and interpretation of the comparison of Luxembourg life insurance policies
The differences observed in this comparison reflect differences in structure, flexibility and access conditions, adapted to distinct investor profiles and wealth objectives.
The criteria analysed relate in particular to the minimum investment amounts, access to Dedicated Internal Funds (FID), the fee structure, the diversity of investment supports, as well as the financial strength of the insurers, assessed through their solvency ratio. These elements make it possible to assess the consistency of a contract with a given wealth project, beyond a simple reading of fees.
All the contracts presented benefit from the Luxembourg regulatory framework, based on the Luxembourg security triangle, including the separation of assets, supervision by the Commissariat aux Assurances and the application of the super privilege, which grants policyholders the status of first-ranking creditor in the event of the insurer’s default. In this context, wealth structuring is frequently accompanied by the opening of a bank account in Luxembourg, particularly to organise the financial flows linked to the contract.
This protection constitutes a common foundation, but does not eliminate the risks linked to the markets and to the chosen investment supports.
This comparison is provided for informational purposes. Its objective is to help understand the differences between the contracts and to identify those that may be relevant depending on a given wealth situation. It does not constitute a contractual document and may evolve in order to reflect changes to the contracts or to the regulatory framework.
Benefit from independent advice adapted to your situation
There is no Luxembourg life insurance contract that is “best” in absolute terms. Each solution has different characteristics depending on the amount invested, the accessible investment supports, the fee structure and the investor’s wealth profile. Several criteria are analysed: advantages, choice of investment supports, fees, consultation via the Internet, protection options and solvency ratio of the insurance companies.