Many clients have (re)discovered life insurance as a form of investment. This is the consequence of their search for less risky investment products better suited to their needs which at the same time fulfilled financial and wealth-related objectives.

Private Life Insurance (PLI) solutions offer a unique level of protection to investors. They combine contracts structure and Asset Management flexibilities with perfect neutrality at fiscal level and a confidentiality guaranteed by the law.

These advantages contribute to making the PLI contract one of the best Wealth Management and Inheritance Planning instruments aimed at a sophisticated international clientele.

Life Insurance

The life insurance contract has for years been internationally recognised as a reliable and competitive investment instrument. Based on the “Home Country Control” principle, European insurance companies may, in respect of the principles of general interest, distribute their products in all European countries, under the sole control of the authority of their country of origin.

The third EU directive, in force since 1st July 1994, authorised European insurance companies to operate according to the “Free Provision of Services” within the European Economic Area (EEA). In addition to the European Union Member States, the EEA currently also includes Ireland, Liechtenstein and Norway. Through a recent referendum, Switzerland decided not to join the EEA. However, this Country is linked to the EU by a bilateral agreement.

Among these countries, on the basis of their favourable internal legislation, Ireland, Liechtenstein and Luxembourg have been able to develop a solid basis for the success of the insurance market.
Many of the main insurance companies operating on the European market have their own headquarters in one of these three countries and operate under the regime of Free Provision of Services.

Private Life Insurance

Private Life Insurance: an instrument for the Private Banks
In the Private Bank sector Life Insurance occupies an important place as an innovative instrument for demanding clients.
Private Life Insurance (PLI)
Private Life Insurance (PLI) is aimed at wealthy clients who wish to keep control of their investments choices . These clients also need to benefit from the financial and non-financial advantages of a life insurance solution compliant with their country of residence requirements: privileged fiscal aspects, inheritance planning, protection of assets, diversity of supports and confidentiality. The underlying assets of the insurance contract, are managed by a third party the Asset Manager, and deposited at a banking institution, the Depositary Bank. This is an ideal instrument at the disposal of the Private Banks for its well-off clients who wish to completely or partially simplify the structuring of their wealth, using a life insurance solution that is completely compliant with the rules of their country of residence.

Life Insurance satisfies many needs such as: protection of the family, personal values of the real-estate assets, holdings, etc., and enables transmission from one generation to another whilst allowing direct line use of financial instruments.

All these needs may be met in one single financial instrument that offers the possibility of being adapted (investment strategy, beneficiary clause, donation, etc.) according to the wishes of the client as well as accompanying the client along his private life in all circumstances.