Triangle of security
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.
Super Privilege
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.
Tax Neutrality
No tax friction due to holding a Luxembourg policy. The policyholder will be taxed according to their tax residence.