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Life
insurance is the only product on the market which
has to address expectations as varied as:
- very
attractive taxation status for the capital gains
made whilst at the same time investing as you see
fit to increase your capital
- preparing
for retirement with the option of an income or
maybe capital or a mixture of income and capital
- the
transfer of an estate in the context of a special
taxation environment
- providing
an instrument to guarantee a loan, for example,
to obtain borrowed capital more easily in order
to make an investment.
We offer a
multitude of different types of policies in order
to address clients' needs, financial positions
and most importantly their long-term wishes.
One example
is a single instrument policy. In general this is
a policy in euros where the investment paid in is
guaranteed after deducting expenses. The annual
interest payments are guaranteed. This type of
fund can also be integrated into a multiple
instrument policy.
Multiple
instrument policies offer individual investors
the ability to spread their investments over
several different instruments such as:
- funds
denominated in euros
- French,
European or international open-ended investment
trusts
- mutual
funds that are even more dynamic and therefore
carry a higher risk, such as sector-based funds
or emerging countries funds
With this
type of policy, holders are able to change the
distribution of the investments formed within it
when they want to. You can therefore diversify
your investments and thereby reduce risk levels
as you wish. This type of policy is much more
flexible in the long term than the single
instrument policy because it means that the
client has an opportunity to follow his own
investment strategy without being penalised. More
importantly you can react rapidly to the random
nature of the markets.
Personal
insurance offers tax advantages: This
status differs from country to country depending
on where you live. To find out about the
advantages to which you are entitled please feel
free to contact us.
Generally
speaking the capitalised interest as well as any
capital gains realised on arbitrages (investment/divestment
of instruments) in the policy are not subject to
any form of annual taxation or social security
deductions at the end of the year. The capital
gains are only taxed when the holder withdraws
from or redeems the policy. Taxation depends on
your fiscal resident country. On the other hand,
taxes on capital gains on redemption are limited
and on a reducing scale over a period.
Our
agreements with highly reputable companies allow
us to offer policies they can be adjusted to
individual requirements and to the tax position
in your country of residence whilst at the same
time guaranteeing you lasting security and
transparency when consulting your contracts and a
constant flow of information.
The
parties to a personal insurance policy are:
a ? The
policyholder
The
policyholder is the natural or legal person who
takes out an insurance policy with an insurance
company on his/its own behalf or on behalf of one
or several other people.
The
insurance policy is signed in the name of that
natural or legal person.
The
policyholder undertakes to pay the premiums.
That person
is therefore the "owner" of the
insurance policy.
The
policyholder is the central character in the
insurance transaction:
- and chooses to take
out the policy for himself or itself or
for another assured party,
- and to remain the
beneficiary or to appoint another
beneficiary.
The policy
may be taken out in various different forms:
either on an individual, joint or divided basis.
b ? The insurer
This is the
party that manages the policy and holds the funds
paid by the policyholder.
It pays the
capital or the income to the policyholder at the
end of the policy.
c ? The
assured
The assured
is the one or more natural or legal person (s)
chosen by the policyholder on which/whom the
assured risk is based. Therefore in the case of
life insurance the benefits are only paid by the
insurer on the death of the assured.
However,
the policyholder may at any time redeem all or
part of the policy if the agreement specifies
this. In this case, depending on the number of
years, taxation may apply to the capital gains
generated by the policy.
d ? The
one or more beneficiaries:
The
beneficiary or beneficiaries is/are the person (s)
appointed by the policyholder in the event of
death. The wording of the beneficiary clause is
very important and needs to describe the
policyholder?s exact wish. The main risk is the
acceptance of the beneficiary clause. In fact
“regional centre” when the beneficiary
accepts the benefit of the policy, the
policyholder may no longer exercise some of his
prerogatives without the beneficiary?s agreement
(e.g. amend the beneficiary clause, make
redemptions).
When taking
out the insurance policy attention also needs to
be paid to the effects of marriage settlement
arrangements ? whether they are individual or
joint ? which are used to form the policy
agreement.
Lastly,
when choosing the beneficiaries, the proportions
of the legal inheritance rules must be followed,
and the entitlements of the rightful inheritors
must be complied with in particular. Failing this,
the latter parties could claim their share by
stating that the premiums paid on the policy have
obviously been exaggerated.
If it is
not a lifetime policy, i.e. a term has
been set in the policy agreement (for example: 10
years, 20 years etc), policyholders appoint a
beneficiary if they are still living at the end
of the policy, generally themselves.
Please
feel free to contact us at any time if you
require more information or a price list
Investment:
We can
offer you many different forms of investments
including insurance policies and securities
accounts. Investing in UCITS or live stocks such
as equities, bonds or monetary instruments
We work
with reputable professional asset management
companies for their expertise that have all the
necessary “purchasing power standard”
mandatory authorisations in order to be able to
carry out their role as asset allocator. Using
international asset management or wealth
management companies, our agreements are suited
to every requirement and need.
Please
feel free to contact us at any time if you
require more information or a price list
DEATH LIFE COVER:
This is
life-insurance policy or more precisely temporary
insurance in the event of death with a decreasing
term. The assured capital is equal to the balance
of the loan as stated in the repayment table.
It is
temporary as its term normally coincides with the
length of the loan to which it is connected.
Life
insurance, pure and simple: if the assured dies
during the term of the policy a set capital sum
is paid to the beneficiary of the policy. If the
assured lives for the term of the policy, no
capital sum is paid.
Guaranteed
reducing balance payment The insurance policy is
coupled with a loan and the principal sum thereof
is amortised throughout the term. At all times
during the loan, the balance of the capital due
to the creditor is guaranteed. So it is
“exported” very important to correctly
notify the date it takes effect.
a ? Purpose
of the insurance, balance due:
The
insurance cover is generally used as a personal
guarantee for the close relatives of the assured
borrower (spouses, children, parents etc). If the
assured dies during the term of the loan, the
insurance company pays a capital sum
corresponding to the balance of the loan.
If the
assured dies, the guaranteed capital sum will be
paid by the insurance company to the person named
as the beneficiary in the policy: very often the
spouse, children or other blood relations of the
assured party.
A lender
can also, however, be named directly named,
thereby providing it with an additional guarantee
while the loan is outstanding.
b ? Method
of payment of the balance of the insurance due:
The assured
can pay the insurance premium several ways:
- to pay a
single premium at the start of the policy which
covers the whole period of the loan
- to pay
several successive, variable annual premiums
throughout the whole term of the loan
- to pay
several annual premiums that are due in principle
during two-thirds of the insured period (3 years
for a coverage period of 5 years, 6 years for 10,
10 years for 15, 13 years for 20, 16 years for 25
and 20 years for 30).
c ?
Distribution of the insured capital:
The
distribution of the guaranteed capital sum must
be set with care if a loan is taken out by two or
more people.
For maximum
security, the ideal position is for each of the
partners to subscribe to insurance in the amount
of the entirety of the borrowed capital; if one
of the partners dies, the company will repay the
whole of the balance to the ?bank?.
Another
possibility is to define the amounts insured
based on the income of each of the partners:
amount ? sector and stability of employment?Each
person must evaluate the risks and define the
level of security they require.
Our
agreements offer you some of the lowest prices on
the market so that your savings can be primarily
given over to repaying your loan.
Please
feel free to contact us at any time if you
require more information or a price list
A
life insurance policy guarantees the payment of a
principal sum or income:
- to a beneficiary,
- solely
when the assured dies.
It may be supplemented by
an accidental death policy, the capital sum being
doubled or tripled in the event of a traffic
accident, and/or invalidity-incapacity insurance.
The ?temporary? system is
the most common. It guarantees the payment of a
principal sum:
- when the assured
dies,
- if
the death occurs before a given date.
The price structure depends
on the age of the assured and will be set by
insurance company after a medical examination.
Companies set several price schedules depending
on whether you are male, female, a smoker or non-smoker.
We aim to offer you the
best benefits at the lowest cost.
SUPPLEMENTARY
SICKNESS/HEALTH INSURANCE IN LUXEMBOURG
Health protection:
The
sophisticated nature of modern medicine and the
constant increase in life expectancy rates are
increasing the burden on the social security
system in the long term. For the assured this
means lower benefits and higher personal
contributions.
With
private health insurance you can protect yourself
against the financial effects caused by illness.
This supplements the compulsory social security
system.
- firstly,
you receive a refund for the
supplementary expenses that you have to
pay following an accident and an illness
- secondly,
some benefits not recognised by the
mandatory regime are paid under the
private health scheme.
People who
have permanent residence in Luxembourg and are
covered by a Luxembourg mandatory health
insurance are eligible.
- The
expenses not covered by the Luxembourg
social security system are refunded.
Whatever
your occupational status ? employee or freelance
? you should now obtain healthcare protection and
cover the costs resulting from an accident or
illness.
The cost of
supplementary sickness/heath insurance is based
on your age and remains fixed during the
following years. The earlier you start the more
you gain.
In addition,
the premiums you pay are also partly or totally
tax-deductible depending on your position and the
amount of premiums based on the legal deductible
ceiling.
Another
reason to subscribe as soon as possible.
Example*:
You are a
30-year-old male in salaried employment, your
monthly premium will be: ?39.51
You are a
40-year-old male in salaried employment, your
monthly premium will be: ?55.21
You are a
50-year-old male in salaried employment, your
monthly premium will be: ?76.78
You are a
30-year-old female in salaried employment, your
monthly premium will be: ?54.73
You are a
40-year-old female in salaried employment, your
monthly premium will be: ?66.56
You are a
50-year-old female in salaried employment, your
monthly premium will be: ?72.69
* The above prices are
given as an example and may not under any
circumstances be considered as contractually
binding before the policy agreement is signed and
the risk is accepted by the Company.
Please
feel free to contact us at any time if you
require more information or a price list
For clients
requiring extensive cover who wish to have a top-of-the-range
service
We have
selected a company with an excellent reputation
for its expertise, which offers medical insurance
throughout the world to clients of all
nationalities. These products are designed to
satisfy the needs of the most demanding clients
who wish to obtain cover privately or through
their company.
International
Hospitalisation and Health insurance offers you?re
the best financial cover both when you are
travelling and in your country of residence:
- International
coverage with the free choice of
specialists, hospitals etc
- 24-hour
emergency service
- All-risk
insurance regardless of the type of work
you do, you leisure pursuits or sporting
activities
- Access
to the Company?s experienced medical
consultants for a first or second
“per “per revenue” opinion
- Preventative
medicine services
- Access
to a vast range of online services, such
as the ability to manage your policy via
the Company?s website
- Guaranteed
lifetime renewal of the insurance policy
irrespective of your age or health status
- Coverage
also extends to accidents resulting from
terrorist activities.
You choose
your modules based on your specific needs or the
countries you visit.
The
hospital insurance represents the basic coverage
encompassing all your hospital expenses and this
may be a single module or extended to the one or
more additional modules:
- General
practitioners
- Medication
& Supplementary Products
- Medical
evacuation & Repatriation
- Dental
and Optical treatment.
You can opt
to have your policy with or without an excess
contribution and it may be in another currency
such as: euros, US dollars or British pounds.
You can pay
your premiums by credit card, including American
Express, Visa, Eurocard/MasterCard, Diners, in
order to give you greater security and visibility.
Please
feel free to contact us at any time if you
require more information or a price list
EQUATUS INSURANCE BROKER S.A.
31, Boulevard Prince Henri – L - 1724
Luxembourg
société de conseil en Ingénierie Patrimoniale
et de Courtage d’assurance.
Tél. : + 352 26 00 80 70 -Fax : + 352
26 00 80 78 Email : info@equatus.com
SA au capital de 31.000€ - R.C. :
Luxembourg B- 103 680
Responsabilité professionnelle auprès de AIG
Europe
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