Wealth Insurance

The ‘à la carte’ approach adopted by VITIS LIFE allows you to realize your personal wealth ambitions. We ensure your future and that of your nearest and dearest.

This is the finance and insurance part of wealth management, the objective of which is to manage the capital that you have built up in the most advantageous way.

Our life insurance policies are drawn up ‘à la carte’ and take your personal situation into account. These policies can have up to two policyholders and two insured. The beneficiary clause in your life insurance complies with your wishes. Moreover, each life insurance policy can have a supplementary death insurance. You can transfer your wealth today under the best conditions.

The scheme below describes how a life insurance policy works at VITIS LIFE. It indicates the various parties involved, their roles and relationships. Note that as the policyholder you are at the heart of things and that you are accompanied by a top of the range partner working closely with VITIS LIFE. Click on each party to understand their role.

Custodian bank
Asset Management
Commissariat aux
Insured person
Control authority of the
financial sector

Custodian bank

The bank with which the Insurer deposits shares of the units of account which make up the Policy’s reserve. For the dedicated or internal collective funds, this is also the bank with which the Insurer deposits the assets or financial instruments which comprise each dedicated or internal investment fund representing a unit of account. For each dedicated or internal collective fund the bank allocates the Insurer a specific bank account or sub-account in which the Insurer has to deposit the assets or financial instruments relating to this fund.

Asset management

Your wealth is managed by specialists to obtain the highest possible return.


They are our partners approved as insurance intermediaries (such as private banks, wealth managers) who offer VITIS LIFE ‘à la carte’ solutions and implement them taking your financial situation and wealth into account.

Commissariat aux Assurances (CAA)

Public body under Luxembourg law tasked with monitoring the insurance and insurance broker sector in accordance with the stipulations of Luxembourg legislation and regulation.


The person who takes out the life insurance policy with VITIS LIFE S.A.

Insured person

The person on whose life rests the risk of the occurrence of the insured event and whose death leads to the payment of the insurance benefits.


The person for whose benefit the policy is taken out and who receives the insurance benefits at the end of the policy.

Control authority of the
financial sector

Supervising authority of banks and asset managers in their country of establishment. (e.a in Luxembourg: CSSF : Commission de Surveillance du Secteur Financier)

How does the legislation work for Belgian residents ?

If you live in Belgium you are subject to this country’s tax laws. For the Belgian legislation, the VITIS LIFE life insurance policies are ‘non fiscal’ if they are part of Branch 21 or Branch 23. The premiums you pay in to these policies are therefore not tax deductible.

A tax of 2% (tax on insurance transaction) will be paid on each premium.

In the case of the policy being surrendered in full or in part or in the case of the transfer of the reserve of the life insurance policy,

  • If the policy is invested throughout the life of the policy and for the full amount in one or more investment funds with no undertaking as regards their duration or amount or rate of return: no withholding tax is due by the policy holder.
  • If the policy is invested - even in part - in one or more investment funds with specific guarantees as regards duration or amount or rate of return: a withholding tax is due by the policyholder on the income included in the insurance benefits coming to him. This withholding tax will however not be payable in the following cases:
    1. either: when the policy stipulates supplementary death insurance equivalent to a minimum 130% of the total amount of premiums paid and if in this case the policyholder, the insured and the beneficiary in the event of life at maturity of the contract are the same person;
    2. or: when the policy is concluded for a period of more than 8 years and in the case of the surrender of the reserve of the policy, this is done more than 8 years after the date the policy is concluded.
  • When paying out the benefits in the event of the death of the insured/the policyholder, the amounts are in principle liable to inheritance tax.

For further information on the tax system, VITIS LIFE S.A. recommends that you consult a qualified tax adviser.

The « financial information sheets » of our life insurance solutions are available on request at info@vitislife.com


Search a key word on
VITIS LIFE’s website