Life insurance products
Privat Insuring
Privat insuring, a concept which combines private banking and investment management services with the sophisticated use of life assurance as a financial planning structure to achieve fiscal advantages and security for wealthy investors and their families.
Fund linked life insurance
A combined endowment insurance plan permits targeted, tax-efficient wealth accumulation with the aim of securing your standard of living after retirement or achieving a long-term savings goal. Moreover, it offers financial security for your family or other persons to whom you are particularly close should you die or become disabled. You have the choice between retirement life-long pension, lump payment or a combination of both.
Classic combined life insurance
Classic combined life insurance may be considered as the classic form of life insurance . The endowment insurance guarantees benefits not only in the event of death, but also where the insured person is still alive at the term of the contract. In addition to the guaranteed benefit, a share of surpluses is paid out; this share of surplus is dependent on the performance of the insurance company and on costs and risk trends. In the event of death, the insured benefit is immediately paid to the beneficiaries.
Advantages Liechtensteiner Life insurance
Investment privilege
For individual products there is a free choice of the investment strategy and the asset management. The insurance company maintains a personal portfolio for them with detailed statements about the portfolio development and the policy value.
Tax privileg
According to Liechtenstein’s law all insurance contract benefits that are paid out to policyholders or beneficiaries are tax free. However, it is possible that taxes are imposed in their home country. The policyholders and the beneficiaries themselves are responsible for all necessary declarations in connection with these taxes.
Bankruptcy privilege
Life insurance falls under the provisions for protection against creditors in Liechtenstein. In the event of bankruptcy, your designated beneficiaries are protected from the claims of creditors if the nomination of the beneficiaries is irrevocable (in the case of the spouse, children, life partner or descendants being nominated a revocable beneficiary nomination is sufficient)
Inheritance privilege
If the policy is properly designed – also when third - parties are named as beneficiaries – its value is not included in the legal estate. By this means lifelong composition proceedings can be avoided. Moreover, the benefits can be also accepted when the right in succession has been waived. Our clients dispose of the allocation of their assets almost freely and they can do so to as many beneficiaries and by as different forms as they like.
Trust privilege
The policy has certain advantages over a trust. The designation of beneficiaries is individual and flexible. Changes in the beneficiaries are possible at any time and uncomplicated. Administration is straightforward and cost-effective.
Insurance privilege
Equal to the bank secret commits all organs and employees of the Liechtenstein insurance company to absolutely non-disclosure of any non-public information, which concerns clients