Savings and insurance
Assurance-vie luxembourgeoise (Luxembourg life insurance)
The Luxembourg-law life insurance contract, for large and internationally mobile estates.
Overview
The Luxembourg contract gives the policyholder's assets stronger protection and follows the policyholder in the event of a move abroad.
The Luxembourg-law contract rests on the « triangle de sécurité » (security triangle). Assets are deposited with an approved custodian bank, segregated from the insurer's own assets and supervised by the Commissariat aux assurances. The policyholder enjoys a « super-privilège », ranking first among creditors if the insurer fails. There is no premium ceiling and the range of investments is wider (dedicated funds, specialised insurance funds). The applicable taxation is that of the policyholder's country of residence, which makes the contract portable on expatriation.
How it works
Payment
Currency of your choice
Security triangle
Segregated assets
Exit or transfer
International portability
Key points
Strengths
- Security triangle: assets are ring-fenced if the insurer fails
- Super-privilège: policyholders rank ahead of all other creditors
- Wider range of unit-linked options, including specialised insurance funds (FAS) and internal dedicated funds (FID)
- Tax portability in the event of a move abroad
Points to watch
- High minimum premiums (often €250,000 to €1 million)
- Higher fees than a standard French life insurance contract
- Taxation set by the policyholder's country of residence
Who it is for
Large financial estates, people considering a move abroad or a return, families whose members live in several countries. A Luxembourg contract earns no more than a French one. Minimum premiums are high, often €250,000 to €1 million, and costs exceed those of a French contract; below those amounts, a French contract does the same job.
Worked illustration
Example based on assumptions
Assumptions: a business owner aged sixty-five, planning to move abroad, places €2 million in a Luxembourg contract. The contract follows them to their new country. Withdrawals and transfer on death will be taxed under the rules of their country of residence at the time. At this level of premium, entry and management fees, higher than in France, are open to negotiation.
Regulatory information
This sheet is a general information document of a commercial nature. It constitutes neither personalised investment advice, nor a recommendation, nor a solicitation, and it is not a key information document. Any decision requires a prior analysis of your situation by a duly authorised professional. Investments carry a risk of capital loss. Past performance is no guide to future performance. Taxation depends on each person's situation and may change.
Unit-linked investments carry a risk of capital loss: their value follows the markets and is not guaranteed. The euro fund is guaranteed by the insurer, net of management fees; its return is not guaranteed and may be below inflation. Entry, management and switching fees reduce performance. For the Luxembourg contract, the security triangle does not cover market risk.
Complaints and mediation
Any complaint may be sent to ASTERALE, 4 allée Django Reinhardt, 94110 Arcueil, France, or to sebastien.bailly@asterale.fr. Failing a satisfactory reply within two months, you may refer the matter to the competent mediator. For financial investment advice: the AMF Ombudsman (Médiateur de l'AMF), 17 place de la Bourse, 75082 Paris Cedex 02 (www.amf-france.org/fr/le-mediateur). For insurance broking and intermediation, banking and payment services intermediation and property transactions: ANM Conso, 2 rue de Colmar, 94300 Vincennes (www.anm-conso.com, contact@anmconso.com).
Information sheet updated on 6 October 2026. Download the sheet (PDF)
Book a meeting
The first meeting, of about an hour, is used to check whether this scheme has a place in your wealth.