Luxembourg life insurance gains traction in France

Luxembourg life insurance has been growing in popularity in France over several years, offering an alternative to traditional French life insurance contracts. This type of insurance allows savers to invest in a euro fund and various units of account, similar to classic French life insurance but with different accessibility and regulatory features.

High minimum thresholds for entry

Despite its growing appeal, Luxembourg life insurance is not available to all budgets. Minimum investment thresholds vary by provider, ranging from 100,000 euros at companies like Ramify or Meilleurtaux Placement to as high as 250,000 euros at BNP Paribas. However, new providers are lowering these barriers.

New digital options for lower budgets

Altaprofits has recently introduced its own Luxembourg life insurance product, called AltaLux Vie, which is accessible from 50,000 euros. This 100% digital offering also allows additional deposits starting at 10,000 euros and does not charge entry fees, deposits, or redemptions.

Fees and investment options

The management fee for AltaLux Vie is 0.75%, regardless of the investment support chosen. Online arbitrage costs a flat 35 euros, while offline transactions cost 75 euros. The product provides access to the Novissima euro fund and a Collective Internal Fund (FIC) managed by Generali Wealth Solutions, offering different levels of risk and return.

Security and legal advantages

Luxembourg life insurance includes a unique security feature called the "security triangle," which separates savers' funds from the insurer’s own money. This setup ensures that in the event of bankruptcy, savers are prioritized as "first rank" creditors, unlike in France, where compensation is capped at 70,000 euros per person.

Growing interest in Luxembourg products

Marc Peynet, general director of Altaprofits, noted that the increasing popularity of Luxembourg life insurance reflects French investors’ growing interest in asset protection, patrimonial diversification, and international flexibility. He stated that AltaLux Vie aims to make these benefits more accessible to a broader range of investors.