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Insurance in the event of death easyLIFE Foresight
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Insurance in the event of death easyLIFE Foresight

easyLIFE Foresight

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If, above all, your priority is to protect your loved ones or your business from financial turmoil in the event of your death, easyLIFE Foresight insurance in the event of death is the ideal solution.
It allows the people designated freely by you to receive a specified amount in the event of your death or disability

Advantages of insurance in the event of death and disability

Large guaranteed amounts for a small premium

easyLIFE Foresight is the solution that guarantees the largest amounts to your loved ones for a reasonable premium.
You are free to determine the amount you wish to guarantee or the amount of your premiums and choose how often you want to pay them.

Tax deduction and exemption

Your premiums are tax deductible. Depending on your income, you can save up to 45 % of your premiums.
In the event of death, your direct beneficiaries do not pay any tax on the amount you have set aside for them.

All tax benefits

Immediate availability of funds

In the event of death, the beneficiaries you have designated have immediate access to the amount you have defined, without waiting for the end of the estate.

Estate planning

You are free to decide who will receive the amount of your easyLIFE Foresight insurance. You can change the beneficiaries of your contract as many times as you like, free of charge.

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Possible options for easyLIFE foresight insurance

Accident Option

In the event of accidental death, the insured capital can be up to four times higher. And in the case of a traffic accident, the insured sum can be paid up to seven times.

Total disability Option

This allows, at the very least, the suspension of premium payments while maintaining the guarantee of payment of the defined amounts. In the event of total physiological disability, the amount provided for in the event of death is paid immediately.

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easyLIFE Foresight

easyLIFE Foresight

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How does easyLIFE Foresight insurance work?

With easyLIFE Foresight, from the moment you sign up, you decide on a freely chosen amount of guaranteed capital that will be paid to your beneficiaries in the event of your death.   You build up this capital through tax deductible premiums, paid over at least 10 months, in accordance with the conditions of Article ’111 L.I.R. The contract allows for great flexibility: you are free to choose the amount guaranteed, the frequency of payments and the beneficiaries. In the event of your death, the capital is paid to the designated beneficiaries within 48 hours, and is exempt from tax in Luxembourg, as long as the tax conditions have been met. The insurance can also integrate supplementary cover in the event of disability or accident, to reinforce protection.

"Single or joint” insurance: which foresight formula should you choose?

 

Taking out a single easyLIFE Foresight insurance policy covers one person only: the capital is paid upon the death of this person. This formula is suitable for single people or for families where only one main income earner finances the household. However, the “joint” formula, insures two people, often a couple. It provides for the capital to be paid out on the death of the first person, thus guaranteeing immediate security for the surviving spouse. This arrangement offers excellent value for money and is often more advantageous than two separate contracts. It is a simple and effective solution that protects the couple, while optimising costs and the administration of the estate. Joint insurance also helps to avoid any uncertainty associated with dividing the capital between beneficiaries.

 

An insurance policy to guarantee the repayment of a loan

 

easyLIFE Foresight can be an excellent way to cover a loan amount, especially if you want to leave your loved ones free to use the capital. It isn’t linked to a specific loan, which means the guaranteed capital can be used wherever it is needed at the time. Nonetheless, if your loan is related to the purchase or construction of your main residence, Mortgage insurance is often still the most appropriate solution. This type of insurance policy repays the remaining capital due directly to the lending bank, thus immediately relieving your heirs of the financial burden. It offers targeted security, while also benefiting from favourable tax treatment in Luxembourg.

 

Find out more about Mortgage insurance