Investment Insurances (Branch 23)
Build a better future for you or your loved ones by investing in an investment life insurance! Find out what it involves and the different ING solutions that we have to offer you:
What is branch 23 life insurance?
Branch 23 investment life insurance is a policy whereby the policyholder entrusts their capital to the insurer, who invests it in investment funds. This enables you to combine the characteristics of an investment fund with those of branch 23 life insurance. The (non-guaranteed) return on this branch 23 life insurance is linked to the performance of the policy's underlying funds. You can therefore have a positive or negative return, where capital gains or losses are possible.
The policyholder holds all the rights to the life insurance policy: they sign the policy and designate one or more beneficiaries who will benefit from the capital that has accumulated in the policy at the time of their death. They can change the beneficiaries or redeem all or part of the capital in the life insurance policy.
The terminology used is also different – here are a few examples: in life insurance, we call the amount invested “a premium”, the capital is “the reserve” and a withdrawal is “a redemption”.
Branch 23 products facilitate inheritance planning
Unlike a conventional fund, branch 23 life insurance is an excellent option for planning how you want to pass on your assets.
You are free to designate the individuals who will receive the capital at the time of your death (for example, pass on your capital to one or more individuals, including your grandchildren). Inheritance rules and tax still apply, in accordance with the Belgian legislation.
Branch 23 products, investing in the long term with an available reserve
At ING, we know that it is always possible that you might need money unexpectedly. That is why you can get back your policy's available reserve (some or all of it) at any time. This is subject to certain conditions inherent in every branch 23 life insurance product and taking into account your investment horizon pre-defined with your ING advisor.
Conventional investment product (Branch 23)
Investing in an investment fund through a branch 23 life insurance product allows you to enjoy the benefits of life insurance combined with the potential of an investment fund.
The value may therefore rise as well as fall, meaning that the risk is higher than with guaranteed capital life insurance.
In the longer term, investing in investment life insurance may provide a higher return, however this is not guaranteed. The underlying fund does not offer capital protection or guaranteed capital.
Our solution: ING Life Invest
ING Life Invest is a Belgian investment life insurance product (Branch 23) developed by NN Insurance Belgium SA/NV.
Before starting to invest, please read the general terms and conditions, the management rules and the Key Information Document (KID). They are available in all three languages at www.ing.be (link below). They are also available free of charge from your ING branch.
Investment product with guaranteed annuity
A branch 23 with a guaranteed annuity is an investment insurance product which, at the same time as investing in an underlying investment fund, guarantees you the regular payment (monthly, quarterly, half-yearly or annually) of a pre-defined annuity that is guaranteed for life.
The value of the capital you invest at the start evolves over time. Two factors can increase or reduce the value of your reserve: the performance of the underlying investment fund and the payment of your annuity.
The annuity is taken from your policy’s reserve by reducing the number of units it contains. The payment of the annuity will therefore reduce the value of your policy as and when payments are made. Be assured, under no circumstance will your annuity ever reduce (unless you yourself withdraw money from your policy).
Our solution: ING Lifelong Income
ING Lifelong Income, a Belgian branch 23 life insurance product developed by NN Insurance Belgium SA/NV (NN).
Before starting to invest, please read the general terms and conditions, the management rules and the Key Information Document (KID). They are available in all three languages at www.ing.be. They are also available free of charge from your ING branch.