Life insurance
There are many ways to organize your retirement . Pension schemes with saving plan, insurance , investments, property purchase, arts, gold…
In Switzerland the Federal gouvernment has organize some compulsory saving plan for everyone who works in the country.
We have the 3 Pillar, see the Swiss social system of the 3 Pillars.
Personalised Retirement Planing:
Endowment insurance:
We propose as endowment insurance a choice of fund-linked life insurance, with a minimum guaranteed capital sum at the end of the contract. pillar 3a (linked insurance), pillar 3b (non-linked insurance)
Endowment insurance may be considered as the classic form of life insurance. In contrast to death-risk insurance, endowment insurance guarantees benefits not only in the event of premature death, but also where the insured person is still alive at the term of the contract. The premium financing endowment insurance comprises a part which covers the risk and costs and an appreciable part serving as a savings element. This savings part of the premium is refunded at the technical interest rate.
Life insurance:
This is the protection for you and your family in the event of death and/or disability, It is a death-risk insurance.
If an insured person dies before the contracted term of a Life insurance the insurance company pays out an agreed capital sum. If the insured person is still alive at term, no benefit is payable.
Tax deduction:
Tax benefits resulting, for instance, from concluding a life insurance policy. The state provides tax advantages for pension solutions that correspond to specific legal provisions. There are differences between the privileges relating to pillar 3a (linked insurance) and pillar 3b (non-linked insurance).
Life insurance premiums in the context of pillar 3a (linked insurance) may be entirely deducted from income provided that the maximum deduction limits (6’365.-chf/year) are not exceeded.
Life insurance premiums in the context of pillar 3b (non-linked insurance) may be deducted from income together with other insurance premiums (e.g. health plan) up to a given limit (flat-rate deduction). In Geneva you get a special tax deduction.
For the 3 Pillar explanation click here…
Contact us to get a free expertise
