SWISSQUOTE LIFE

The triangle of security is the legal protection mechanism put in place by the Luxembourg regulator to protect the assets representing the insurance company's commitments. It takes the form of a tripartite agreement between the insurance company, the custodian bank and the Commissariat aux Assurances.

The insurance company must deposit the assets representing its commitments in an account separate from its own assets with a custodian bank approved by the Commissariat aux Assurances. The CAA then carries out regular checks on the insurance company's provisions.

This privilege is granted to the policyholder in the event of the insurer's default and means that the policyholder has priority over any other creditor of the company in recovering its assets - in particular the State, social security bodies, shareholders and employees.

No tax friction due to holding a Luxembourg policy. The policyholder will be taxed according to their tax residence.

Entry fee: None

Administrative management fee:

Swissquote Bank Europe acts as the contract's custodian bank. An external broker must therefore be used in order to benefit from the tailor-made solution.

Custodian fees: 0.06% excl. tax per annum

Order placement fees: Rate Card

The SIF investment universe varies according to the type of subscriber, as defined by circular 15/3 (i.e. Type A, B, C, or D).

The Circular 15/3 sets out the rules for investments in the various vehicles offered by Luxembourg life insurance. You can read more about Circular 15/3 on the CAA website: Circ15_3.pdf (caa.lu)

For products distributed from Baloise Vie Luxembourg's "digital solution", the investment universe is as follows:

• Equities
• Bonds
• UCITS
• ETFs

The policyholder classification within the meaning of circular 15/3 depends both on the amount of the policyholder's investment in all his contracts with the insurance company and on the declaration of assets in transferable securities.

You can invest in EUR, USD, GBP and CHF. We can also offer other currencies on request.

The Baloise contract is available from EUR 500'000.
For amounts below this, please contact lifeinsurance@swissquote.lu