Providence insurance death & disability
For an effective coverage against the risks of our everyday life, an accident, a serious illness.
The “Family” package provides worldwide coverage in the context of your private and school life. A single policy includes the coverage of all your family members in case of death and disability following an accident.
Financing a project, protecting your loved ones, preparing for retirement or passing on your assets are all good reasons to take out a life insurance policy. Because in addition to dealing with the challenges life throws at us, you also benefit from tax advantages. Here is an overview.
As you know, with an ageing population, the pension system in Luxembourg is likely to become less generous in the coming years. Even more reason to prepare yourself as soon as possible for the challenge of declining resources. The Luxembourg government actually encourages you to do so through tax benefits.
In Luxembourg, as in many European countries, financial institutions often require borrowers to take out insurance against the risk of death or disability. This is called Remaining Due Balance insurance, and it pays the balance of the capital that remains to be refunded to the bank. This cover allows the owners to insure the payment of the remaining instalments by the insurer in case of death or disability.