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 has a compulsory 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)

What is the tax treatment for a French resident ?

If the policy is surrendered, capital gains are liable to taxation: The policyholder has the choice between:

  • Capital gains liable to individual income tax according to the applicable sliding scale are to be filled in on the annual tax declaration form.
  • Capital gains liable to flat-rate withholding tax.
  • - 35% of the capital gains if the surrender is before the 4th anniversary of the policy
    - 15% of the capital gains if the surrender is between the beginning of the 5th year and the 8th year of the policy,
    - 7.50% of the capital gains if the surrender is after the 8th anniversary of the policy, after the allowance.

In certain cases, the capital gains are tax-free (early retirement, invalidity, redundancy).
Social charges at a global rate of 15.50% are applicable on capital gains on any surrender.

Death of the insured: taxation of insurance benefits

Flat-rate for benefits corresponding to the premiums paid before the insured reached 70 (Article 990 1 of the General Tax Code).

  • For the fraction of the insurance benefits ≤ EUR 700.000 – this will be liable to a flat rate of 20% on that part of the benefits in excess of the allowance of EUR 152 500 per beneficiary (all policies) if the latter can benefit from this allowance.
  • For the fraction of insurance benefits > EUR 700.000, this sum will be liable to a flat rate of 31,25%.
  • Social charges at a global rate of 15.50% are applicable on the capital gains acquired or noted on the day of the insured’s death.
  • IHT for the benefits corresponding to the premiums paid after the insured was 70 (Article 757 1 of the General Tax Code).
    IHT paid by the beneficiary(ies) designated in the policy, according to the degree of kinship and up to the fraction of the premiums paid after the insured was 70 in excess of the EUR 30 500 allowance applicable to all beneficiaries.

Tax compliance

Carry forward of the policy’s surrender value to 1 January of each year on the wealth tax declaration.
Any life-insurance policy taken out with a foreign insurer must be declared to the tax authorities (Article 1649 AA of the General Tax Code).

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


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