{"id":299,"date":"2026-01-29T15:10:34","date_gmt":"2026-01-29T14:10:34","guid":{"rendered":"https:\/\/balmontconseil.com\/?page_id=299"},"modified":"2026-08-26T18:35:12","modified_gmt":"2026-08-26T16:35:12","slug":"assurance-vie-luxembourgeoise","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/nos-solutions\/assurance-vie-luxembourgeoise\/","title":{"rendered":"Luxembourg assurance-vie"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u00abAlexis, my assets extend beyond national borders, and my security needs have become incompatible with the limitations of the French system. I\u2019ve been told about Luxembourg, but is it a genuine protection tool or simply a financial fantasy?\u00bb<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This question often marks the transition from one <a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">wealth management<\/a> \u00ab&quot;classic&quot; to a <strong>international wealth strategy<\/strong>. In a world where regulatory and economic instability is becoming the norm,\u2019<strong>Luxembourg assurance-vie<\/strong> It has established itself as a sanctuary for discerning investors. It is not just a simple investment, it is cutting-edge engineering.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, We do not consider Luxembourg simply as an investment location, but as an exceptional legal environment. As\u2019<strong>Augmented Wealth Engineer<\/strong>, My mission is to open the doors of these sophisticated structures to you, where the <strong>capital protection<\/strong> and investment flexibility reach unparalleled standards in Europe.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. What is a Luxembourg life insurance policy?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Luxembourg life insurance is a capitalization contract governed by the <strong>Luxembourg regulations<\/strong> (Insurance Commission \u2013 CAA). Although it shares the same tax \u00abenvelope\u00bb as its French counterpart for a French resident, it differs from it by a much more robust legal and financial architecture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>contract characteristics<\/strong> Luxembourg&#039;s principles are based on fiscal neutrality and the free movement of services (FPS). Unlike the French system, which is often standardized, the Luxembourg contract is a tool for <strong>custom made<\/strong>. It allows for the storage of a variety of assets (stocks, bonds, <strong>private equity<\/strong>, hedge fund of funds) and to manage its assets in several currencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Safety: The Safety Triangle and the Super-Privilege<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This is our number one advantage. Luxembourg has enshrined the protection of savers as a state doctrine. Where Google talks about &quot;guarantees,&quot; we talk about &quot;real segregation.&quot;.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Safety Triangle<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The system is based on a strict separation of assets. Unlike in France where clients&#039; funds are recorded on the insurer&#039;s balance sheet (creating a direct counterparty risk), in Luxembourg they are deposited with an independent custodian bank authorized by the CAA.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Insurer:<\/strong> Manages the contract but does not hold the funds.<\/li>\n\n\n\n<li><strong>The Depositary Bank:<\/strong> Keep securities and cash in segregated accounts.<\/li>\n\n\n\n<li><strong>The CAA:<\/strong> It controls and validates the agreement between the two, ensuring that the insurer cannot &quot;dip into&quot; clients&#039; funds for its own needs.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Super Privilege: A world exclusive<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the event of the insurer&#039;s default, the saver has access to <strong>super privilege<\/strong>. It is considered a first-ranking creditor (&quot;super-priority creditor&quot;) on the assets representing the technical provisions. Unlike in France, where the State guarantees deposits up to \u20ac70,000, in Luxembourg, the guarantee is technically unlimited on segregated assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Balmont&#039;s added value:<\/strong> Few people know that this privilege takes precedence even over the Luxembourg state (Public Treasury) or the employees of the insurance company. It is the most absolute protection in the Eurozone.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Absence of the Sapin 2 Law<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Another crucial point for the <strong>wealthy savers<\/strong> Luxembourg is not subject to the restrictions of the French Sapin 2 law, which allows the state to temporarily block redemptions from life insurance contracts in the event of a serious systemic crisis. In Luxembourg, your funds remain yours, regardless of market conditions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Flexibility and Investment Universe: Management Options<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Luxembourg contract offers a freedom of management that cannot be found anywhere else, transforming the envelope into a true personal financial holding company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Management Options: FID, FIC and FAS<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Depending on your profile and capital, you have access to <strong>management options<\/strong> graduated:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The Dedicated Internal Fund (DIF):<\/strong> A fund created exclusively for you, managed under mandate by a private bank.<\/li>\n\n\n\n<li><strong>The Internal Collective Fund (ICF):<\/strong> A fund managed by the insurer, grouping together several clients with similar profiles.<\/li>\n\n\n\n<li><strong>The Specialized Insurance Fund (FAS):<\/strong> A premium &quot;self-directed&quot; option allowing the holding of both listed and unlisted securities without a mandatory management mandate.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A high placement capacity<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to a <strong>high placement capacity<\/strong>, These contracts allow for the integration of complex assets:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Of the <strong>listed and unlisted shares<\/strong> (Pre-IPO, shares in family companies).<\/li>\n\n\n\n<li>Funds from <strong>private equity<\/strong> and private debt.<\/li>\n\n\n\n<li>Of the <strong>multi-currency contracts<\/strong> (USD, GBP, CHF, EUR), ideal for neutralizing exchange rate risk or for <strong>non-resident investors<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Tax Neutrality: An Advantage for Non-Resident Investors<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the most common myths is that Luxembourg life insurance allows you to avoid taxes. This is false. However, it does offer a <strong>tax neutrality<\/strong> exceptional.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The principle of neutrality<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Luxembourg does not add any additional tax layer. The tax laws of your country of residence apply.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>For a French resident:<\/strong> You benefit from the same taxation as the French contract (30% of PFU or scale, allowances after 8 years).<\/li>\n\n\n\n<li><strong>For an expatriate:<\/strong> If you leave France, your contract becomes &quot;neutral&quot;. You will only pay the <strong>taxation in the event of a buyback<\/strong> of your new country of residence.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Information gain:<\/strong> For the <strong>non-resident investors<\/strong>, Luxembourg practices a &quot;look-through&quot; approach. The insurer adapts tax reporting to the insured&#039;s country of residence, drastically simplifying international compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Case Studies: The Power of Customization<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To understand the real benefit, let&#039;s move beyond theory with two <strong>case studies<\/strong> derived from the expertise of Balmont Conseil.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case #1: Structuring a Private Equity Exit<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profile :<\/strong> Company owner selling his business for \u20ac5 million.<\/li>\n\n\n\n<li><strong>Problematic :<\/strong> Reinvest massively in unlisted companies while securing capital.<\/li>\n\n\n\n<li><strong>Solution :<\/strong> Establishment of a Luxembourg Specialised Insurance Fund (SIF). We have held shares of international Private Equity funds (accessible from \u20ac250k in Luxembourg compared to \u20ac1M+ in France) while benefiting from the protective framework of the security triangle.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case #2: The Multi-Country Expatriate<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profile :<\/strong> Senior executive transferred every 4 years (London, Hong Kong, Geneva).<\/li>\n\n\n\n<li><strong>Problematic :<\/strong> Avoid closing your contracts every time you move.<\/li>\n\n\n\n<li><strong>Solution :<\/strong> A multi-currency contract in Luxembourg. The structure remains the same; only the reporting requirements change. <strong>international portability<\/strong> This made it possible to avoid the tax friction of redemption\/subscription at each change of country.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Insurer Evaluation: Balmont Rigour<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not all Luxembourg companies are created equal. Our process for\u2019<strong>insurer evaluation<\/strong> it is based on criteria that you will not find in traditional comparison tools:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The strength of the parent company:<\/strong> Is the insurer a subsidiary of a large banking group or an independent player?<\/li>\n\n\n\n<li><strong>Administrative agility:<\/strong> How responsive are the teams regarding unlisted investments?<\/li>\n\n\n\n<li><strong>The digital offering:<\/strong> In a connected world, a <strong>digital offer<\/strong> robustness for consultation and management acts has become a major exclusion or selection criterion.<\/li>\n\n\n\n<li><strong>Solvency (SCR):<\/strong> We analyze the company&#039;s annual SFCR reports to verify the solvency margin coverage ratio.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Performance Forecasts and Customized Investment Strategies<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There <strong>yield outlook<\/strong> In Luxembourg, it is not limited to the rate of the euro fund (often anecdotal). It is built on <strong>personalized investment strategies<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Go find the results where they are.<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to access to global markets, we build portfolios capable of capturing Asian or American technological growth without the limitations of French platforms. <strong>asset protection<\/strong> does not preclude ambition: we aim for returns uncorrelated with classic European indices through the integration of real assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The FAS: The secret weapon of performance<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The FAS allows you to buy individual securities (direct shares) without the sometimes hefty internal unit-linked fees. It&#039;s the ideal tool for investors seeking active management and a <strong>asset protection<\/strong> against inflation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Disadvantages and Subscription Conditions<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Excellence comes at a price and with constraints.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Access thresholds:<\/strong> THE <strong>subscription conditions<\/strong> are strict. The actual entry ticket to benefit from Luxembourg engineering is around \u20ac250,000, and \u20ac1 million for a FID.<\/li>\n\n\n\n<li><strong>Compliance (KYC):<\/strong> The origin of the funds is scrutinized with extreme rigor. This is the price of the international respectability of the Luxembourg financial center.<\/li>\n\n\n\n<li><strong>Taxation in the event of a buyback:<\/strong> If you withdraw funds while a French resident, remember that social security contributions of 17.2% apply to the gains, exactly as in France.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. Extended FAQ: Everything you need to know about the Luxembourg contract<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Q1. Is life insurance in Luxembourg a tax haven?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Absolutely not. It&#039;s a tax-neutral jurisdiction. You declare your contract to the French tax authorities (Form 3916) and pay your taxes in France. The advantage is security and financial, not a tax evasion strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q2. Can I transfer my French life insurance policy to Luxembourg?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No. There is no cross-border &quot;Fourgous&quot; transfer. You must redeem the French contract (and pay the tax) before reinvesting. At Balmont, we calculate whether the gain in security and future returns outweighs the tax cost of the redemption.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q3. What exactly is the super privilege compared to the French guarantee?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In France, you are just another creditor. If the insurer goes bankrupt, the state gives you a maximum of \u20ac70,000. In Luxembourg, you have priority over everyone else (state, banks, employees) to recover YOUR securities held by the custodian. It&#039;s a guarantee on the securities, not a promise of state reimbursement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q4. Can I hold physical real estate in my contract?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not directly, but through shares in SCIs, SCPIs, or Real Estate Private Equity funds, yes. This is one of the major advantages for personalized investment strategies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q5. What are the actual costs?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The complex fee structure includes: insurer fees, custodian bank fees, and financial manager fees. Expect to pay between 11 and 21 TP3T per year, all inclusive, for a high-end investment fund. Returns must be commensurate with this fee structure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q6. Is the digital offering on par with online banks?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Luxembourg insurers have made giant leaps forward. Today, digital offerings allow for real-time multi-currency monitoring and paperless arbitrage, even on complex structures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q7. What happens if I move to the USA?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Caution! The USA has specific regulations (FATCA). Few Luxembourg insurers accept &quot;US Persons&quot;. If this applies to you, a Balmont assessment is essential before taking out any policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q8. Why is the &quot;Safety Triangle&quot; more reliable than in France?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because in France, if the insurer&#039;s bank goes bankrupt, the insurer is affected. In Luxembourg, the custodian bank is not allowed to use your securities for its own market operations. They are &quot;off-balance sheet&quot;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q10. What is the projected return for 2026?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With rising interest rates and access to Private Equity, we are aiming for balanced portfolios between 5% and 7% per year, with volatility controlled by geographical diversification.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion: The tool of patrimonial freedom<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;\u2019<strong>Luxembourg assurance-vie<\/strong> is the operational arm of international investors. It offers protection that the national framework can no longer guarantee and flexibility that only a global financial center can provide. <strong>contract characteristics<\/strong> and the <strong>management options<\/strong> make it an unparalleled tool for transmission and capitalization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, we understand the workings of the <strong>Luxembourg regulations<\/strong>. We don&#039;t sell a contract, we build your financial fortress through <strong>personalized investment strategies<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Your assets deserve protection without borders.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.google.com\/search?q=https:\/\/balmontconseil.fr\/contact&amp;authuser=4\" target=\"_blank\" rel=\"noopener\">Schedule an appointment with Alexis Sagnier for a personalized review of your Luxembourg contract.<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u00ab Alexis, mon patrimoine d\u00e9passe les fronti\u00e8res et mes besoins de s\u00e9curit\u00e9 sont devenus incompatibles avec les limites du syst\u00e8me fran\u00e7ais. On m&rsquo;a parl\u00e9 du Luxembourg, mais est-ce un outil de protection<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":69,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-299","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=299"}],"version-history":[{"count":2,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/299\/revisions"}],"predecessor-version":[{"id":1455,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/299\/revisions\/1455"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/69"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}