LIFE ASSURANCE SOLUTIONS
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Brexit and STM Life
Updated 18 January 2021
STM Life wishes to inform its policyholders that no changes will apply to those policyholders who are resident and continue to be permanently resident in Gibraltar, UK and outside the European Union (EU)/European Economic Area (EEA).
Policyholders who are resident in, or are considering relocating to a country within the EU/EEA may be affected by the outcome of Brexit negotiations and are advised to contact STM Life for further information. The list of countries in the EU/EEA can be found at gov.uk/eu-eea.
STM Life’s Policyholders who are resident in Italy should note that Italy have introduced transitional legislation which allows STM Life to continue to service existing polices, but those policyholders should note that this does not include the acceptance of any further premiums into the policy.
Policyholders should refer to their policy documentation for details of their policy terms and can contact info@stmlife.com with any enquiries.
For more information on Brexit generally please visit Brexit website.
STM Life Assurance PCC Plc (STM Life) is a Gibraltar based life insurance company operating out of Gibraltar’s highly regulated and long-established financial centre. Established in 2008, STM Life offers a broad range of product solutions with a specific focus on:
Asset and Investor Protection
Tax Optimisation
Privacy
Inheritance Tax Planning
Flexibility and Transparency
As a Protected Cell Company (PCC) working within a highly respected and regulated jurisdiction, STM Life affords the highest level of policyholder protection due to ring-fenced individual client accounts held by a regulated custodian.
As STM Life is established as a Protected Cell Company, it is subject to the provisions of Gibraltar’s Protected Cell Companies Act 2001. This means that STM Life may create legally recognised “cells” within the company in order to segregate and protect each policyholder’s assets, hence providing a maximum degree of policyholder protection.
STM Life is licensed under Gibraltar’s Insurance Companies legislation which incorporates the provisions of the EU’s Third Life Insurance Directive. STM Life meets the capital and solvency rules laid down by the directive. The Company is subject to continuous regulation by the Gibraltar Financial Services Commission.
STM LIFE’S INSURANCE SOLUTIONS PROVIDE CLIENTS WITH A NUMBER OF SIGNIFICANT ADVANTAGES IN THE AREA OF ASSET PROTECTION AND LOCAL TAX AND ESTATE PLANNING TO ENSURE THE OPTIMAL STRUCTURING AND MANAGEMENT OF THEIR WEALTH.
LIFE INSURANCE SOLUTIONS
STM Life offers a broad range of product solutions with a specific focus on asset and investor protection, privacy and tax optimisation.
POLICY PROTECTION
As a Cell Company (PCC) working within a highly respected and regulated jurisdiction, STM Life affords the highest level of policyholder protection.
BASED IN GIBRALTAR
STM Life is a Gibraltar based life insurance company operating out of Gibraltar's highly regulated financial centre.
In most jurisdictions an offshore bond is viewed as a non-income producing asset and investments can generally be traded without incurring immediate tax liabilities, other than a small amount of withholding tax deducted at source. This allows you to benefit from tax deferral as taxation charges will not arise until certain withdrawals are taken from the bond or the bond is surrendered.
STM Life offers clients a broad range of tax-efficient bonds giving investors more control over when they pay tax. As such, a Bond from STM Life is ideally suited for clients looking to grow their investment capital or for those looking to take an income.
PRODUCT INFORMATION FOR FINANCIAL ADVISERS
