Life insurance has become an essential vehicle for medium and long-term investment, and for both wealth and inheritance planning.

As a major player in Luxembourg life insurance under the Freedom to Provide Services in Sweden, we provide sophisticated, compliant and innovative solutions adapted to each individual or legal entity and their evolving needs.

OneLife offers two products on the Swedish market:

  • Wealth Sweden – A life insurance solution (K-insurance) specifically designed for both private individuals and companies who are resident in Sweden
  • Pension Sweden – A unit linked pension plan offering a high amount of flexibility and growth opportunities for legal entities in Sweden

 

Wealth Sweden

A sophisticated yet straightforward long-term life insurance policy offering a fully personalised investment solution that can evolve with changing needs over time

The Wealth Sweden policy which is available from EUR 100,000 (EUR 125,000 in case of an internal dedicated fund) can be underwritten as a lifetime policy or a fixed-term policy (minimum 10 years) and offers investment flexibility as:

  • Multiple portfolios under one policy (dedicated fund*, specialised insurance fund*, external funds and internal collective funds)
  • Multiple investment strategies
  • Multiple asset managers (of policyholder’s choice) or self-management
  • Multiple custodian banks (of policyholder’s choice)

After the first year, the money always remains at the disposal of the policyholder who can make a partial or total surrender at any time.

The policy is designed to facilitate future relocation within OneLife’s core markets

* minimum premium: EUR 125,000

 

Pension Sweden

The all-in-one solution designed to simplify and optimise occupational pension savings

Pension Sweden is a fixed-term, single premium unit-linked occupational pension product that enables individuals and legal entities to manage and grow their pension capital in a structured, tax-efficient way.

By allowing the consolidation of multiple Swedish pension schemes into a single account — under one asset manager and one investment strategy — and offering the option to combine the policy with a K-Insurance, Pension Sweden enhances management efficiency, optimises tax treatment, and expands investment flexibility.

Available from EUR 500,000 (other currencies possible, e.g. SEK), Pension Sweden is governed by Luxembourg law and regulated by the Commissariat aux Assurances (CAA). The product qualifies as an occupational pension insurance in accordance with Swedish tax legislation.

Tax Considerations:

  • Premiums may be tax-deductible in line with the Swedish Income Tax Act – typically up to 35% of salary and maximum 10 income base amounts, depending on the situation​
  • No premium tax and no wealth tax in Sweden or Luxembourg
  • 15% yield tax applies annually, based on the value of the policy on January 1st, calculated in line with Swedish tax rules​
  • Pension benefits are taxed as employment income in Sweden or in the country the client resides in upon withdrawal

 

Why investing an OneLife policy?

  • Policies compliant with Swedish tax and legal requirements
  • Possibility to consolidate multiple pension schemes and K-insurances (life insurance) into a single account with one coherent tailor-made investment strategy (subject to case-by-case approval).
  • Access to a wide investment universe: including UCITS funds, ETFs, structured products, real estate, private equity and unlisted assets.
  • Favourable tax environment: Tax neutrality in Luxembourg and advantages over a traditional portfolio. Proceeds and capital gains arising from life assurance policies are exempt from Income Tax, so switches and partial or full surrenders can be carried out without incurring a tax liability
  • International expertise if you are an expatriate or if members of your family live in different countries
  • Protection for your assets in the event of the insolvency or bankruptcy of the insurer or custodian bank (Triangle of Security)
  • Dedicated digital tools to help you keep track of your policy easily, 24 hours a day, 7 days a week
  • A well-established company with close to 35 years’ experience in Luxembourg life insurance
  • A solid and reputed partner based in Sweden: YourAssets, a Luxembourg-based insurance brokerage firm operating under a CAA license, with a registered branch in Sweden. With deep knowledge of Swedish pension structures and a focus on tailored wealth solutions, YourAssets brings local insight and trusted guidance to OneLife clients to ensure seamless integration with their overall financial planning.

 

Want to know more?

Any questions? Contact our OneLife Swedish team or get in touch with our trusted partner YourAssets :

Marcus Häggkvist, Branch Manager Sweden

marcus.haggkvist@yourassets.com |  +46 (70) 600 20 65