Personal Protection Insurance Plans from Foyer Assurances S.A. – Full Overview
While savings and retirement plans are essential for the long term, there’s one area I never overlook when reviewing insurance products—personal protection. After all, no investment or future plan matters if life throws an unexpected curveball and we’re not prepared.
In my deep dive into Foyer Assurances S.A., I found their Protect4Life plan to be a strong and flexible option when it comes to life, disability, and serious illness coverage. Here's everything I discovered about it.
🔹 Protect4Life – Complete Protection for Life’s Uncertainties
Protect4Life is Foyer’s core personal protection insurance. It’s built for people who want to secure their family’s financial future against life’s biggest risks—death, total permanent disability (TPD), or serious illness.
🛡 What It Covers:
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Death: Pays a lump sum to your chosen beneficiaries if you pass away during the term of the policy.
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Total and Permanent Disability (TPD): If you become permanently unable to work, you receive the agreed capital to support yourself financially.
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Critical Illness (optional add-on): Covers you in case you’re diagnosed with a major illness (like cancer, heart attack, or stroke).
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Accidental Death or Disability (optional): Boosts the payout if the event is due to an accident.
This plan isn’t about saving or investing—it’s purely about protection. But you can pair it with an investment contract (like Helios Invest) if you want the best of both worlds.
🔍 How It Works:
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You choose the coverage amount you want (e.g., €50,000, €100,000, or more).
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Decide the contract duration—this could be until your retirement, until your mortgage is paid off, or for a set period like 20 years.
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You select which guarantees to include:
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Just life cover
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Life + disability
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Life + disability + critical illness
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Premiums are based on your age, health, lifestyle, and the guarantees you pick.
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You can pay monthly, quarterly, or annually.
💰 Tax Benefits:
One major advantage in Luxembourg is that personal protection insurance premiums may be partially tax-deductible under certain articles of the tax code—especially when combined with life insurance.
It’s not as generous as retirement-specific deductions, but every bit helps, especially if you're self-employed or a freelancer.
👤 Who It’s For:
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Anyone with financial dependents (spouse, children, parents)
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People with loans, especially home mortgages
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Young professionals who want to lock in low premiums while healthy
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Freelancers and entrepreneurs who don’t have employer-based coverage
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Couples who want peace of mind in case one income is lost
✅ Why I Like Protect4Life
What I personally like is the modular structure. You can start simple (just life cover), and later add disability or illness coverage when your financial situation evolves. The contract is clear, flexible, and fully adapted to your personal goals.
Also, unlike many global insurance firms, Foyer has a strong local presence in Luxembourg, which makes claims and service more accessible if you're living here.
📌 At a Glance – Protect4Life Features
| Feature | Details |
|---|---|
| Core Coverage | Death benefit |
| Optional Coverage | Disability, critical illness, accidental death/disability |
| Contract Term | Customizable – e.g., 10, 20, or 30 years |
| Payout Type | Lump sum to you (disability) or to your family (death) |
| Premium Frequency | Monthly, quarterly, or annually |
| Medical Underwriting | Yes (based on age, health, lifestyle) |
| Tax Benefit | Partial deductions under income tax laws (conditions apply) |
| Flexibility | Can add/remove riders, adjust coverage or term during life changes |
💡 My Final Thoughts
If there’s one type of insurance I believe every adult should have, it’s personal protection. Whether you’re just starting your career, have a family, or are paying off a mortgage, a plan like Protect4Life from Foyer gives you the safety net that makes everything else—investments, savings, retirement—actually mean something.
This isn’t about fear—it’s about responsibility. I’d much rather pay a small premium every month and sleep well, knowing that if life throws something unexpected at me, my family is taken care of.
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