How a life insurance policy works
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Luxembourg life insurance policy: how does it work?
A Luxembourg life insurance contract is taken out by a natural person or a legal entity, through a distributor or directly with the life insurance company. The policyholder pays the premium which is invested in the contract in underlying funds proposes by the insurance company. The policyholder also nominates the insured (who may be the same as or different from the subscriber) and designates the beneficiary(ies).