{"id":6932,"date":"2026-10-24T15:29:50","date_gmt":"2026-10-24T13:29:50","guid":{"rendered":"https:\/\/balmontconseil.com\/blog\/cabinet-gestion-patrimoine-lyon-assurance-vie-luxembourgeoise\/"},"modified":"2026-10-24T15:29:50","modified_gmt":"2026-10-24T13:29:50","slug":"cabinet-gestion-patrimoine-lyon-assurance-vie-luxembourgeoise","status":"publish","type":"post","link":"https:\/\/balmontconseil.com\/en\/blog\/cabinet-gestion-patrimoine-lyon-assurance-vie-luxembourgeoise\/","title":{"rendered":"Which wealth management firm in Lyon can set up a Luxembourg life insurance policy?"},"content":{"rendered":"
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In summary\u2026<\/h2>\n

Choose a firm that proves three things to you in writing: its registration with the\u2019ORIAS<\/b> As an insurance broker, you have access to several contracts, the level of advice provided, and your remuneration in euros. A Luxembourg contract does not exempt you from French tax: a French tax resident declares their gains in France and retains the annual allowance after eight years, granted "under the same conditions" as with a French contract. What truly changes is the insurer and its regulator, the bank that holds the assets, and the annual declaration of the foreign contract, with a penalty of \u20ac1,500 per omitted contract.<\/p>\n

Balmont Conseil is a firm not independent<\/b> In regulatory terms: it receives commissions on the contracts underwritten. For Luxembourg life insurance, our entry fees are 0.5 %. First consultation free, in Lyon or via videoconference.<\/p>\n<\/div>\n

A resident of the Lyon region receives three Luxembourg employment contracts. None of them clearly states who is paid, with what money, or what will need to be declared annually. These details are what make the difference, even more so than the contract name.<\/p>\n

1. What you require from the intermediary<\/strong><\/h2>\n

An ORIAS number, and the correct category<\/strong><\/h3>\n

To operate, an insurance intermediary must be registered with the register maintained by ORIAS. insurance broker<\/b> is mandated by their client and is not required to work exclusively with one or more insurers. Since April 1, 2022, brokers must also join a professional association approved by the ACPR (French Prudential Control and Resolution Authority) to be registered. Minimum guarantees are set: professional liability insurance of at least \u20ac1,500,000 per claim and \u20ac2,000,000 per year, and a financial guarantee of at least \u20ac115,000.<\/p>\n

Several contracts, and a level of written advice<\/strong><\/h3>\n

\u00abWe have access to numerous contracts\u00bb says nothing about the advice. The ACPR (French Prudential Control and Resolution Authority) distinguishes three levels. Level 1, mandatory, consists of proposing a contract that aligns with your needs and requirements. Level 2, optional, consists of recommending the contract that best meets those needs. Level 3 is based on \u00aban impartial analysis of a sufficient number of contracts offered on the market.\u00bb Ask which level your contact person works at. We work with 23 partner companies and asset management firms and have no capital ties with any bank or insurer.<\/p>\n\n\n\n\n\n\n\n\n
What you are asking<\/th>\nWhat is fixed<\/th>\nWhere to check it<\/th>\n<\/tr>\n<\/thead>\n
ORIAS number and category "insurance broker"\u00ab<\/td>\nRegistration is mandatory to practice<\/td>\nORIAS register, which you can consult.<\/td>\n<\/tr>\n
Professional association approved by the ACPR<\/td>\nMandatory for brokers since April 1, 2022<\/td>\nMembership certificate<\/td>\n<\/tr>\n
Professional liability insurance and financial guarantee<\/td>\n\u20ac1,500,000 per claim and \u20ac2,000,000 per year; at least \u20ac115,000<\/td>\nIntermediary's statements<\/td>\n<\/tr>\n
Advice level (1, 2 or 3)<\/td>\nLevel 1 is mandatory; levels 2 and 3 are optional.<\/td>\nWritten document submitted before signing<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Specifically.<\/strong> Our ORIAS number is 13003497: check it in the register, as you would for any intermediary. If the category "insurance broker" does not appear, the person cannot present themselves as a broker. See also How to choose a Luxembourg life insurance broker<\/a>.<\/p>\n

2. What really changes with a Luxembourg contract<\/strong><\/h2>\n

Protection: an insurer regulated in Luxembourg, assets held in a bank<\/strong><\/h3>\n

The Luxembourg insurer is regulated by the Insurance Commission (CAA). According to a CAA circular, the assets covering the insurer's liabilities are deposited with a custodian bank and recorded in a permanent inventory; they are allocated as a priority to the payment of insurance claims, and this priority takes precedence over all others. As of July 1, 2026, according to the CAA, 27 Luxembourg life insurance companies were operating in France under the freedom to provide services, and 5 per establishment (role of the CAA<\/a>).<\/p>\n

Access: dedicated fund or specialized insurance fund<\/strong><\/h3>\n

CAA Circular Letter 26\/1, applicable to contracts issued since February 1, 2026, sets two useful thresholds. One dedicated fund<\/b> is only eligible for a contract with a minimum premium at the time of subscription of \u20ac125,000. specialized insurance fund<\/b> is eligible "without any bonus or wealth requirements".<\/p>\n

Taxation: that of a resident of France<\/strong><\/h3>\n

For a French tax resident, the proceeds of a contract taken out with an insurer established outside France are taxable in France, under the category of foreign securities. The annual allowance of \u20ac4,600 (\u20ac9,200 for a couple) on gains, after eight years of the contract, applies to contracts taken out with an insurer in the European Union or the European Economic Area "under the same conditions as for contracts taken out in France." It is granted for all contracts held by the same taxpayer.<\/p>\n\n\n\n\n\n\n\n\n
What changes<\/th>\nWhat remains unchanged<\/th>\n<\/tr>\n<\/thead>\n
The insurer is based in Luxembourg and regulated by the CAA.<\/td>\nThe gains are taxable in France<\/td>\n<\/tr>\n
The assets are deposited with a custodian bank, which holds a lien on the inventory.<\/td>\nThe tax allowance of \u20ac4,600 \/ \u20ac9,200 after eight years, per taxpayer<\/td>\n<\/tr>\n
A dedicated fund (minimum premium of \u20ac125,000) or a specialized insurance fund is possible.<\/td>\nThe winnings are declared in your French tax return.<\/td>\n<\/tr>\n
Foreign contracts must be declared annually (form 3916 bis)<\/td>\nYour tax residence remains in France.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

3. Entrance fees and admission ticket<\/strong><\/h2>\n

At Balmont Conseil, entry fees are 0.5 % on Luxembourg life insurance contracts. For example, using a figure chosen for demonstration purposes: 0.5 % of \u20ac100,000 invested equals \u20ac500. Contract and investment management fees are additional: request these in euros per year, as explained in our article on the cost of a consultant in Lyon<\/a>.<\/p>\n

Regarding the entry fee, there are two official benchmarks: \u20ac125,000 for a dedicated fund, and no conditions for a specialized insurance fund (Dedicated fund: from what amount<\/a>). For other plans, the threshold is included in the insurer's proposal: request it in writing before any appointment.<\/p>\n

4. Mandatory declarations of the foreign contract<\/strong><\/h2>\n

Individuals residing in France must declare their life insurance policies held with foreign institutions, using form 3916 bis, at the same time as their income tax return. If you file your taxes online, this form must also be completed online. The penalty for an undeclared policy is \u20ac1,500 per policy, and \u20ac10,000 when the country in question does not have an administrative assistance agreement with France allowing the exchange of banking information. The required information is detailed in our information sheet on [link to relevant page]. form 3916 bis<\/a>.<\/p>\n

For the technician.<\/strong> Declaration obligation for persons domiciled in France within the meaning of Article 4 B of the CGI; penalty of Article 1736 of the CGI (\u20ac1,500 per undeclared contract, \u20ac10,000 in States without assistance agreement); proceeds from contracts taken out outside France taxable as foreign securities, 6\u00b0 of Article 120 of the CGI, and allowance extended to insurers of the EU and the EEA by BOI-RPPM-RCM-20-10-20-50 (\u00a7 390 to 410); for Luxembourg, circular letter CAA 16\/9 (deposit of securities, inventory and lien) and circular letter CAA 26\/1 (dedicated funds and specialized insurance funds).<\/p>\n

5. What you look at before signing<\/strong><\/h2>\n