A trusted framework for long-term investment and inheritance planning in Portugal
Luxembourg life insurance is a comprehensive, flexible and secure investment solution, ideal for supporting all your wealth-management objectives within a tax-efficient framework.
For 35 years, OneLife has been designing tailor-made solutions based on this best-in-class model to help you invest, protect and transfer your wealth with complete peace of mind.
As a Portuguese tax resident — whether an individual or a legal entity — you have access to a dedicated wealth-planning solution specifically designed to meet the requirements of the Portuguese legal and tax environment.
Wealth Portugal
An efficient, compliant and internationally adaptable solution for medium to long-term investment and succession planning
- Available from EUR 100,000 (EUR 250,000 in case of an internal dedicated or specialised insurance funds)
- Designed for individuals and legal entities
The multi-currency unit-linked life insurance policy can be structured as a whole-of-life or fixed-term solution with automatic annual renewals and offers access to a wide investment universe, including funds, ETFs, equities, bonds, structured products, and alternative or unlisted assets. Several portfolios can be set up within a single policy, allowing different investment strategies with free and automatic switches. You may choose your asset managers and custodian banks or, subject to conditions, manage the investments yourself.
Full or partial liquidity is available at any time, with additional payments from EUR 10,000, and supplementary death cover can be added.
NHR & Wealth Portugal
Adapting to Portugal’s evolving tax landscape
- Portugal’s previous Non-Habitual Resident (NHR) regime was repealed on 1 January 2024, with a grandfathering period until 31 March 2025 for qualifying applicants
- Regardless of the NHR status, Wealth Portugal remains a highly attractive solution under both the old and new NHR tax regimes
For NHR clients, Wealth Portugal enhances tax efficiency for income not fully exempt under the previous NHR regime, such as capital gains or income from black-listed jurisdictions, while allowing tax deferral until a partial or total surrender of the policy. It provides a transparent and compliant structure aligned with both Luxembourg and Portuguese law.
For non-NHR residents, the policy offers preferential taxation on life-insurance proceeds, inheritance-planning advantages through the exclusion of policy benefits from the estate, as well as cross-border protection and investment flexibility in case of future relocations.
Key advantages for Portuguese clients
OneLife’s Luxembourg life insurance solutions offer unique benefits within a compliant and transparent structure:
- Flexible investment solutions: Fund list, Discretionary Managed solution or Advisory set-up available for clients
- Favourable tax environment: tax neutrality in Luxembourg, with deferral and preferential taxation upon partial or total surrender in Portugal, no inheritance or gift tax in Portugal on insurance policy proceeds
- Tax transparency: automatic exchange of information under CRS
- Enhanced asset protection: Luxembourg’s “Triangle of Security” and “Super Privilege” safeguard client assets against insurer or custodian insolvency
- Flexible wealth transfer: life insurance allows inter vivos or post-mortem transfers, comparable to a trust but simpler and fully recognised
- International planning: ideal for clients with family members or assets across multiple jurisdictions, portability of the policy in case of mobility in other OneLife markets (upon OneLife's analysis)
How to access our solutions?
Our policies are exclusively distributed through our network of partners: wealth-management advisers, brokers, private banks and family offices.
If you are interested in our solutions, we invite you to contact your wealth adviser, who will reach out to OneLife to design the solution best suited to your needs.
You don’t currently have a wealth adviser?
