Yes, 10,000 EUR
Yes, but the minimum is 1,000 EUR
No, there is no upper limit.
Upon cancellation of the policy or withdrawal funds are normally received within a few business days of lodging the request (30 days pre-notice). However, the underlying investments within a policy may cause delays (such as if the policy holds a property which will take time to liquidate).
In most cases, no. MyLifePlan is able to arrange everything for you. However a face to face meeting is required with us. For
some investments an initial meeting with the custodian bank will be
required to determine appropriate strategies.
In most cases, yes. Only with some very specialized investments this is not possible but such concerns will be discussed at the time of your initial investment.
Yes it can.
Yes it can.
withdrawals can be made at any time onwards from the 13th month of the life insurance contract. It should be noted that there
might be tax implications should a withdrawal be made. In these
instances it might be more practical to arrange a loan using the policy
The value of your
investment will be paid to the beneficiaries of the policy in accordance
with your wishes in a lump sum, regular payments or a mixture of both.
All that is required is the presentation of a death certificate.
You will no longer be the owner of the policy because ownership will automatically revert to your spouse or descendants if they are nominated as beneficiaries or to whomever you have nominated irrevocably (such as your family trust). The value of your policy/investment is not included in your estate for bankruptcy. (There are certain fraudulent conveyance requirements that need to be met before this is possible, which are discussed at the time of purchasing the policy). Please also refer to Asset Protection.
You life insurance policy will remain in force regardless of where you live.
Liechtenstein and Swiss laws prohibit the disclosure of policy holder details to any third party.
Assuming you were solvent at the time of purchasing the policy and were not deliberately attempting to defraud creditors, full protection will be available after one year.