Unlike the designation of another third party as a In these circumstances, the beneficiaries should inform
beneficiary, in the case where a spouse and/or the insurance company. The Swiss insurance company
descendants are so designated, it is irrelevant whether can then only act upon the holder’s instructions if the
the designation is irrevocable or revocable. The latter’s actions are deemed not to have been made under
insurance policy will continue to be protected from the duress. If there is any evidence that the holder has been
policyholder’s creditors even if the designation of the forced to issue an instruction, the insurance company
spouse and/or descendants is revocable. must refuse to act upon it.
also increasingly so for wealthy people elsewhere in the even offer tax advantages. All of these advantages are
world who wish to protect their assets legally. available in the environment of legal and economic
Depending on the individual situation of the investor, stability that Switzerland offers, and that is second to
investments in Swiss annuities and life insurance may none in the world.
Foreign jurisdiction Yes Only if trust assets are not invested locally
Tax aspects
Assets transferred
Client / Life insurance
Beneficiaries
policyholder company
Issue of insurance policy
holds
Policy assets