Life insurance

Three needs, three solutions

• Mortgage protection insurance (solde restant dû)If you die during the term of your mortgage, the insurance repays the outstanding balance to the bank. Your family keeps the home, debt-free.
• Family protectionA lump sum paid to your loved ones if you die, to replace an income, fund the children's education or cover expenses.
• Savings and retirementRegular or one-off savings built up over the long term, to top up your future pension.

Mortgage protection insurance (solde restant dû) and your loan

For a mortgage, the bank almost always asks for mortgage protection insurance (solde restant dû). You don't have to take the one the bank offers: comparing can make a real difference over the life of the loan. It's also important to choose the insured amount carefully when you borrow as a couple, for example 50% on each person or 100% on each.

Preparing for retirement with a tax advantage

In Luxembourg, the state pension does not replace your full final salary. A private pension plan (prévoyance-vieillesse) lets you save for retirement and deduct your payments from your taxable income, up to €4,500 per year per taxpayer from tax year 2026 (€3,200 previously).

Premiums for some life insurance policies and for mortgage protection insurance (solde restant dû) can also be deductible, within other ceilings. We show you what that means in practice for your household.

How we work

We start from your situation: your family, your home, your income, your plans. Then we show you clear figures, with no jargon: how much you pay, what is guaranteed and what isn't. You then decide, at your own pace.

Frequently asked questions

Who receives the money if I die?

The people you name as beneficiaries in the contract. Remember to update this after a marriage, a separation or a birth.

Can I get my savings back before retirement?

It depends on the type of contract. A standard savings plan can generally be surrendered, subject to conditions. A private pension plan (prévoyance-vieillesse) is locked until retirement, in return for the tax advantage.

I'm already repaying a loan: can I change my mortgage protection insurance (solde restant dû)?

It's possible in some cases, if the bank accepts the new insurance. We compare it with your current contract to see whether switching is worthwhile.