Simple and confidential transfer of wealth between generations.
Selection of beneficiaries:
The contracting party is fully entitled to designate or revoke beneficiaries during the life of the contract, while maintaining full control of his assets.
Inheritance and gift taxes:
In the event of death of the life assured, the beneficiary is not subject to inheritance tax.
Capital Gains Tax Deferral:
Payment is deferred until redemption, achieving the financial advantage of gross roll-up.
The subscriber is not required to complete part RW of the declaration if a resident intermediary manages the eventual surrender of the policy.
The policy may be offered as security for a loan.