Tailored wealth solutions designed for control and flexibility
Global Protection, Local Strength: Unit-Linked Life Assurance Solutions from Ireland and Luxembourg
We advise clients and their families in respect of flexible and effective wealth plans using insurance solutions provided from Luxembourg and Ireland. These insurance products are designed to let clients enjoy the peace of mind of knowing their wealth will be transferred as they wish.
These solutions are backed by two of Europe’s most respected policyholder protection regimes, Luxembourg and Ireland.
Luxembourg: The Triangle of Security
Policies issued by Utmost Luxembourg S.A. benefit from Luxembourg’s well-established “Triangle of Security” framework, which is designed to safeguard policyholder assets through the following:
- Assets linked to life insurance policies are held by a custodian bank approved by the Commissariat aux Assurances.
- Policyholder assets are legally separated from the insurer’s own assets and liabilities.
- Assets are protected from both the insurer and the custodian bank, ensuring security even in the event of insolvency.
- Policyholders have a first-ranking preferential claim over the assets linked to their policies.
Ireland: Solvency II and Central Bank Oversight
Policies issued by Utmost PanEurope dac are governed by the EU’s Solvency II Directive and regulated by the Central Bank of Ireland, offering strong protections including:
- Assets are maintained in independent custodian banks, subject to stringent due diligence and regular reporting.
- Policyholder assets are held separately from shareholder funds.
- The Central Bank has broad powers to intervene and protect policyholder interests.
- In the unlikely event of insolvency, policyholder claims take precedence over other creditors.
Both jurisdictions offer robust and complementary protection regimes, ensuring that policyholders benefit from high standards of asset security and regulatory oversight.
Key Benefits
Our unit-linked life insurance solutions are designed to meet the legal and regulatory requirements of multiple jurisdictions, offering robust protection and flexibility for internationally mobile clients.
Investment returns within the policy accumulate tax-deferred, which may reduce the client’s taxable base and optimise wealth tax exposure. These policies are widely recognised by governments as effective vehicles for long-term savings and wealth planning. They also support succession planning through customisable beneficiary clauses, deferred inheritance tax, and immediate liquidity for beneficiaries.
In addition to cross-border adaptability, these solutions can help clients remain compliant when relocating and may offer protection from exit tax in certain jurisdictions. Life insurance contracts can shield assets from third-party claims, ensuring beneficiaries receive their entitlements. Reporting obligations may be simplified, as insurers can manage tax declarations directly with the relevant authorities. The investment flexibility of these policies allows for a broad range of assets, including unlisted investments, enabling greater diversification and the potential for enhanced returns.
