Life insurance portability: aspects to consider when relocating

International mobility and portability of the life-insurance contract

Portability of life insurance contracts: aspects to be adapted when relocating

November 14, 2025

In the context of an expatriation, one can maintain a Luxembourg life insurance contract and benefit from its portability. However, it is useful to carry out an audit before expatriation in order to find out whether certain features such as the underlying assets or the death cover need to be adapted.

Luxembourg life insurance policy and expatriation: points of attention

Country	Available investment	LPOA / SIF Possible	Minimum death coverage
Belgium	EF / ICF / IDF	No	No
Spain	IDF	No	Oui
France	EF / ICF / IDF	Yes	Non
Italy	EF / IDF	No	Oui
Luxembourg	EF / ICF / IDF	Yes	Non
Portugal	EF / ICF / IDF	Yes	Oui

Attention: in the context of a relocation, the policyholder should refer to his or her usual advisor or life insurance company beforehand, in order to analyse the situation in detail.

EF: External Funds
ICF: Internal Collective Fund
IDF: Internal Dedicated Fund
SIF: Specialized Insurance Fund
LPOA: Limited Power Of Attorney

When a policyholder holds a Luxembourg life insurance contract and choose to relocate, he can keep his policy, benefiting from its portability. However, some features of the contract (underlying assets, death coverage, etc.) will have to be adapted according to the choice of the country of destination.

Moreover, the taxation applicable to the contract will be that of the policyholder's country of residence and therefore the one of the country of destination.