Invest in yourself, secure the financial welfare
of your loved ones

Save easily and flexibly with Investment Insurance or a Savings Contract, depending on your life situation.

We can offer you a way to save and invest that suits your situation and your goals. In selecting the best option for you, the period of investment, your targeted returns, your desired risk level and how actively you would like to manage your investments all come into play.

You can opt for the Portfolio Management Service and let us take care of everything. Or you can choose the investments yourself from our broad offering, which includes investments that are only available to a lucky few. Our selection also includes the investment objects of our partner BlackRock, the world’s largest asset manager.

 

  • With us, you will find the investment objects or combinations thereof that suit you.
  • You can decide on the weights based on asset class and geographical area.
  • You can combine saving with life insurance cover under Investment Insurance.
  • As our customer, you always invest under an insurance contract, which is a flexible and tax-smart choice.
  • You can manage your savings and change investment objects conveniently on our Web Service.

 

Choose the solution that’s right for your life situation

Investment Insurance

Investment Insurance includes life insurance. It can help you take care of the financial security of your loved ones, too. You can select the investment objects yourself or you can let our Portfolio Management Service look after your savings.

Savings Contract

Mandatum Life’s Savings Contract is an effective solution for proactive saving and investing. You can influence the return target and invest your assets as you see fit in your chosen unit-linked investment objects, or you can opt for the Portfolio Management Service to look after your assets.

Saving for yourself or your loved ones?

Investment insurance

Savings contract

Changing investment objects without tax consequences

Yes

Yes

Withdrawing the invested capital before the returns without tax consequences

Yes

Yes

Life insurance cover

Yes. The accrued savings are paid as life insurance compensation to the beneficiary even before the settlement of the estate.

Yes

In the event of death

Life insurance compensation paid to next of kin on the basis of a death is subject to inheritance tax.

A transition period up until 31st December 2017 is applied to the taxation of life insurance compensation. This means that life insurance compensation paid to next of kin due to a death that occurs in 2017 is tax-free income in inheritance taxation up to EUR 35 000, and the tax-free amount for the spouse is half, however at least EUR 35 000.

Life insurance compensation paid to a beneficiary other than next of kin is subject to capital gains tax.

You can freely appoint and change the beneficiary whenever you need.

 

The contract does not end; it continues under the ownership of the estate of the deceased/heir. In inheritance taxation, the calculated capital gains tax on the return is deducted from the contract’s surrender value, which means the inheritance tax applies to the assets invested in the contract and the net return they have accrued.

*) The taxation information corresponds to the tax legislation in effect on 1 January 2017. Mandatum Life is not responsible for possible future changes in taxation.

Investment Insurance combines savings with life insurance cover

Investment insurance is for you if your goal is to save money and at the same time safeguard the financial security of your loved ones.

You can choose to have your wealth managed by our Portfolio Management Service, in which case you decide only on your desired risk level and we take care of the rest. You can also influence the investment return target and make your selections from our vast array of investment baskets and the investment funds of our partners.

Advantages of Investment Insurance

  • Investment Insurance includes life insurance cover.

  • It is a flexible solution if your goals change along the way.

  • You can save larger or smaller sums monthly and put your savings plan on hold if you wish.

  • You can withdraw your savings at any time.

  • You can begin saving monthly with as little as EUR 50 a month or with a lump-sum investment of EUR 2,000.

  • Manage your savings conveniently using our Web Service.

Smart inheritance planning with Investment Insurance

Investment Insurance includes life insurance cover. It helps your loved ones to make it through the worst financially.

  • Life insurance should cover your debts and, usually, one or two years’ income. Life insurance can be used to cover inheritance tax consequences.

  • Life insurance compensation* paid to next of kin on the basis of a death is subject to inheritance tax. The highest tax rate applied is 19%. A transition period up until 31st December 2017 is applied to the taxation of life insurance compensation. This means that life insurance compensation paid to next of kin due to a death that occurs in 2017 is tax-free income in inheritance taxation up to EUR 35 000, and the tax-free amount for the spouse is half, however at least EUR 35 000.

  • If the life insurance benefit is paid to a party other than the next of kin, the entire amount is considered taxable capital gains.

  • You can freely choose the beneficiary of your Investment Insurance and change the beneficiary if necessary.

Taxation of Investment Insurance

  • You do not need to report your Investment Insurance savings in your tax return; we will take care of the necessary reports for you.
  • You can withdraw your savings capital with no tax consequences, and you only pay tax when withdrawing returns, provided that the savings sum is paid to you as the policyholder or to a member of your family.
  • As of 1 January 2016, the capital gains tax rate is 30% and, for the proportion of capital gains exceeding EUR 30,000, the tax rate is 34%.
  • No tax is levied on investment objects that are changed within the Investment Insurance.

Learn more about our Investment Insurance

Mandatum Life's Investment Insurance combines savings with life insurance cover. Read more in Terms and Conditions and Fees.

Investment Insurance (documents available in Finnish)

Save easily and effectively with a Savings Contract

Mandatum Life’s Savings Contract is an effective solution for proactive saving and investing. You can choose to have your wealth managed by our Portfolio Management Service, in which case you decide only on your desired risk level and we take care of the rest.

You can also influence the return target and invest your assets as you see fit in your chosen unit-linked investment objects. The return on your investments is determined according to the value development of the investment objects you have chosen. You can select your investment objects from our vast array of investment baskets and the investment funds of our partners.

Advantages of a Savings Contract

  • A Savings Contract allows you to save easily and flexibly: You can save a larger amount all at once or a smaller amount, and you can put your savings plan on hold if you wish.

  • You can withdraw your savings at any time.

  • You can begin saving monthly with as little as EUR 50 a month or with a lump-sum investment of EUR 2,000. You are not bound by a prescribed period of time.

  • Manage your savings conveniently using our Web Service.

Taxation of the Savings Contract

With a Savings Contract, capital gains tax is paid only on the accrued returns. The return is calculated so that the contributions that have been paid according to the contract are deducted from the accrued savings. Your savings will generate higher returns since you only pay capital gains tax when you withdraw the returns. From Jan 1st 2016 onwards, the capital gains tax rate is 30% and, for the part of capital gains exceeding EUR 30,000, the tax rate is 34%.

Changing investment objects

You can conveniently change investment objects through our Web Service. No tax is levied on changing investment objects within the Savings Contract. Contributions paid according to the contract are not tax deductible.

Tax on withdrawals made before the contract ends

The return on the contract is considered taxable capital gains. The insurance company withholds the tax from the returns to be withdrawn and forwards it to the tax authority. Possible exchange rate losses on investment objects linked to the contract are not tax deductible. If the savings are withdrawn in several instalments, the amount corresponding to the capital under the contract is withdrawn first. Tax is only levied when returns are withdrawn under the contract. If the contract owner terminates the contract, the sum paid to the contract owner equals the savings under the contract minus expenses according to the price list and any possible withheld taxes.

Learn more about our Savings Contract

Mandatum Life's Savings Contract is a capital redemption contract for proactive savings and investing for private individuals. Read more in Product Description, Terms and Conditions and Fees.

Care-free saving with the Portfolio Management Service

With your Investment Insurance or Savings Contract, you can opt for the Portfolio Management Service, according to which you select the risk level that suits you from five different investment strategies. We take care of your assets proactively in all market situations, in line with the risk level decided by you, and we keep you up to date on how your wealth is developing. You will receive from us a monthly summary report on the development of your wealth and you can track the development of your investments on our Web Service.

Send a message

A simple and safe way for customers to contact us is to send us a message through our Web Service

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0200 31100
(lnc/mpc) Mon to Thu 8-18 and Fri 8-17

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