Discover the differences
Life insurance contracts linked to investment funds whose policy balance is expressed through units of account, representing autonomous funds consisting of the insurer's assets or shares in one or more investment funds and whose return is therefore dependent on the evolution in value of these assets.
Capitalization insurance is life insurance that may provide associated additional risk coverage or may be exclusively financial. These are financial instruments intended for those who wish to invest in the medium and long term, given the most favorable tax system applied to income obtained from insurance contracts, or for investors who wish to engage in succession planning, as they can appoint beneficiaries for their policy. Capitalization insurance offers capital guarantees, and sometimes return guarantees, provided by the insurer, thus making them attractive saving instruments for risk-averse investors.
Unit-Linked funds can invest in a diversified investment portfolio, and can assume greater risks to obtain a higher return, but capital is not usually guaranteed.
Capitalization insurance offers capital guarantees, and sometimes return guarantees, provided by the insurer, making them attractive to risk-averse investors. At the same time, when investment is over the medium and long term, capitalization insurance benefits from more favorable taxation, and is also a suitable instrument for those who wish to engage in succession planning.
The income of Individuals is taxed pursuant to the legislation in force on the date of payout. Currently, the minimum rates applied are 11.2% from year 8 and 22.4% between years 5 and 8. If withdrawn before year 5, or if the investment made in the first half of the contract is less than 35% of the total investment, the rate will be 28%. See the tax guide for more information.
The income of Individuals is taxed pursuant to the legislation in force on the date of payout. Currently, the minimum rates applied are 11.2% from year 8 and 22.4% between years 5 and 8. If withdrawn before year 5, or if the investment made in the first half of the contract is less than 35% of the total investment, the rate will be 28%. See the tax guide for more information.
These products are sold by BEST - Banco Electrónico de Serviço Total, S.A., with registered offices at Campus do novobanco, Av. Dr. Mário Soares, Taguspark, Edifício 2, 2nd Floor, 2740-119 Porto Salvo, with share capital of €63,000,000, registered with the Autoridade de Supervisão de Seguros e Fundos de Pensões (Portuguese Insurance and Pension Funds Supervisory Authority) as an Insurance Agent, on 03/13/2008, under no. 408 268 350, and authorized to sell life insurance, non-life insurance and pension funds. It is not empowered to represent the insurer to enter into insurance contracts, is not empowered to receive insurance premiums and does not assume risk coverage. All intermediary information can be found at www.asf.com.pt.
This does not preclude reading the legally required pre-contractual and contractual information.
