Nordea Vision endowment insurance

Nordea Vision endowment insurance is a flexible solution for long-term saving and investing. It is particularly well-suited to estate planning and transfers of wealth to close relatives.

Nordea Visio endowment insurance as well as all product material and customer service related to Nordea Visio endowment insurance is offered only in Finnish or Swedish. The contractual language used is either Finnish or Swedish, and the purpose of the information provided on this website is only to give a general overview of Nordea Visio endowment insurance.

Why endowment insurance?

Your benefits

  • Access a wide range of investments, such as investment funds, investment baskets and investment bonds, with one agreement.
  • You can transfer your cash to a low-risk insurance account when the markets are volatile or while you consider where to invest next.
  • The potential return on the investments is not taxed in connection with any reallocation of investments and you do not need to report the changes to the tax authorities. The return is only taxed when you withdraw your money or the agreement expires.
  • You can distribute your wealth any way you want without a separate will.
  • You can make additional investments and withdraw funds from the policy during the validity period, if necessary.
  • You can invest large sums at a time or save regularly.

The minimum investment in Nordea Vision as a one-off payment is EUR 10,000, and the recommended saving period is at least 5 years. 

Inheritance cover protects against stock market crashes

You can add the Inheritance Cover feature for your Nordea Vision endowment insurance to protect your invested capital in the event of death.

With Inheritance Cover, the indemnification to your beneficiary will at least equal the premiums paid into the insurance, from which possible surrenders have been deducted, regardless of the performance of your invested savings. You only have to pay for the cover if the amount of your savings is less than the amount of capital you have invested in the agreement. If your savings’ performance is positive, the Inheritance Cover feature is free of charge. 

With Inheritance Cover, you can invest in one of the following investment baskets: Yield Basket, Allocation Fixed Income, Allocation Moderate or Allocation Moderate Global. 

Inheritance Cover can only be added to a new Nordea Vision agreement.

Nordea Vision is suitable for you if you are looking to:

  • invest with a long-term approach,
  • diversify your savings across several different investment alternatives under the same agreement,
  • switch investments actively, and
  • transfer your wealth to your heirs flexibly using a beneficiary clause.

Nordea Vision Inheritance Cover is suitable for you are looking to:

  • invest with a long-term approach,
  • protect your invested capital in the event of death, 
  • transfer your wealth to your heirs flexibly using a beneficiary clause, and
  • invest in one of the following actively managed and widely diversified investment baskets: Yield Basket, Allocation Fixed Income, Allocation Moderate or Allocation Moderate Global.

Investment alternatives

You can choose the investment instruments from Nordea’s extensive selection based on your investment target, your risk tolerance and level of activity.

For example, you can select from Nordea’s funds and investment bonds, as well as from Nordea Life Assurance’s investment baskets, which you can only invest in through Nordea Life Assurance’s products. Investment baskets (such as Yield Baskets) are not investment funds but investment instruments determined by the insurance company. They are subject to separate rules and the money invested in these baskets is reinvested in other investment instruments such as investment funds, equities, government bonds and corporate bonds. 

Yield Baskets

The Yield Baskets are suitable for you if you want our experts to select the investment instruments and manage your investment on your behalf, or if you are looking to invest in real estate as part of a widely diversified investment portfolio. In the Yield Baskets, investments are diversified across government bonds, corporate bonds, equities and real estate.

You can choose the option that suits your preferred risk level from among three Yield Baskets with different risk profiles.

  • Yield Basket aims at achieving a moderate yield,
  • Yield Basket 50 aims at achieving a yield with an average risk, and
  • Yield Basket 75 aims at achieving a yield with a high risk.

Global Baskets

The Global Baskets are a comprehensive investment solution suitable for investors who wish to leave all investment decisions to the professionals and consider sustainability to be an important factor in saving and investment decisions.

Nordea’s Global Baskets come with five different investment profiles, from which you can choose the alternative that best suits your investment targets and risk tolerance. Our portfolio management team will select the investments on your behalf and manage the baskets with the utmost professional skill.

Equity Baskets

Nordea’s Equity Baskets allow you to invest easily in the shares of major Finnish listed companies and to tap into their return potential. The Equity Baskets are suitable for you if:  

  • you are looking to invest in Finnish companies,
  • you track the performance of the Finnish equity market and are aware of the risks involved, and
  • you want to benefit from the performance of the selected Finnish companies.

You can choose from 14 companies listed on the Nasdaq OMX Helsinki exchange, which you can use to build your personal equity portfolio. Every Equity Basket added to your agreement will consist of the shares of one listed company, and the basket’s performance will track the total return on the share in question. The total return consists of the share price performance and the dividend yield.

Nordea funds

You will have access to our extensive selection of Nordea funds. You can choose one or several equity, fixed income or balanced funds and switch between funds depending on the market situation. Further information on the funds is available in the Funds Now service.

Go to the Funds Now service

Insurance Account

An Insurance Account is suitable for savers or investors who want to invest their savings with a low risk. It is particularly useful as a temporary place to park your money while searching for a new investment or waiting for market volatility to subside.

An Insurance Account is an investment alternative offered by Nordea Life Assurance, and its performance is tied to the interest offered by Nordea Bank on euro-denominated cheque accounts. The account interest rate is the 1-week Euribor less the margin, which is currently 0.4%. According to the currently valid tax legislation, no tax-at-source on interest income is levied on the return generated by savings held in an Insurance Account.

Investment bonds

You can add investment bonds selected by Nordea Life Assurance to your investment agreement during their subscription period. You can read about the investment bonds available at the time in Nordea Netbank.

Information about taxation

  • The investments which determine the performance of an endowment insurance can be switched without any taxation on capital gains.
  • You don’t need to report any changes to your investments under the insurance to the tax authorities.
  • In the event of death, the indemnity paid to the next of kin is taxed in connection with inheritance taxation. A death benefit payable to other persons than close relatives is considered taxable capital income in full. 

Tax information is in accordance with the situation on 1 January 2020. 

Prices

Prices

Valid as of 1 September 2020

Applied to insurance policies valid as of 1 September 2015
ChargesPrice
Management fee

An annual management fee of 0.40% is charged on insurance savings of up to EUR 100,000, the management fee exceeding this amount being 0.1%. 

The insurance company is entitled to raise the management fee to a maximum of 1% of the insurance savings.

In addition to the management fee, you will be charged fees for the investment funds, investment baskets and other investment instruments in accordance with their rules.

Fees for the life insurance (Inheritance Cover feature)The fee for Nordea Vision Inheritance Cover is charged from the savings in order to maintain the life insurance cover.
Change of investment plan

A change of investment plan refers to a change in the allocation of upcoming payments across the available investment instruments.

  • Free of charge in Netbank.
  • As a separate order, free of charge 6 times per calendar year, after which a fee of EUR 10 per order will be charged.
Switching savings from one instrument to another
  • Free of charge in Netbank
  • As a separate order, free of charge 6 times per calendar year, after which a fee of EUR 50 per order will be charged.
Confirmation of pledgingEUR 50
Extra account statementEUR 10
Withdrawal feeA withdrawal fee of 1% will be charged on the amount withdrawn when less than 3 years have passed from the start date of the agreement. The withdrawal fee is not charged on the amount that exceeds the cumulative withdrawal amount of EUR 100,000.
Changes to chargesThe insurance company is entitled to increase all euro-denominated charges in accordance with a change in the cost-of-living index.
Minimum amounts

The minimum amount for investment is EUR 50.

Product material