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Monarch Assurance SE develops only bespoke products.
A life assurance contract is one, which has a variety of optimization possibilities to be implemented in accordance with the needs of the client. Some of the most important elements are:
- On death of the assured person, it can provide a predefined amount to one or more beneficiaries, indicated in the contract. This can assist with the financial security of the beneficiaries after the death of the assured person.
- It may be used as a vehicle for accumulating the client’s wealth in a tax efficient way.
- It allows the investment of savings, to finance a family or commercial project or the preparation for retirement or estate planning. At maturity or on death, a capital sum or annuity is paid out to the client or the beneficiaries of the life assurance.
- The policyholder is free to choose the investment strategy, which corresponds best with his investment profile:
- A life assurance contract, which permits the policyholder to have the underlying investments managed by a third party asset manager, indicated in the contract.
- Or a life assurance contract where the premium is directly invested in one or more investment funds chosen with professional advice out of a range of available funds and according to the policyholder’s objectives and investment profile.
- Under certain conditions, the life assurance contract can also protect against any unexpected financial events of the policyholder as it does not necessarily form part of their estate.
Monarch has already developed different tailor-made life assurance products.
All products have been designed or finalised in cooperation with insurance brokers, asset managers, wealth planners or other financial advisors. They all take into account the specific requirements of individual or corporate policyholders.