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When is capital gains tax due?

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

privacy-notice-belgium-en-2026.pdf

partners), organisations and platforms to carry out checks we are required to carry out under anti-fraud and anti-money laundering and anti- terrorism legislation, platforms for obtaining your address and identifying your family members in order to... circumstances the provision of personal data is a requirement of the contract we are administering. The provision of personal data in these circumstances is necessary to enable us to perform our legal obligations under that contract. 7 5 HOW WE

Conflict of Interest Policy

Policy is unclear, guidance should be sought from the Compliance team. 3.4.3 All employees must inform HR of any professional activities they wish to undertake outside of Monument Assurance Belgium before undertaking such activity. 3.4.4 All employees... representatives, tied agents and contractors of and those providing services to MAB on the one hand, or its appointed representatives under an outsourcing arrangement on the other hand. For the purpose of this Policy, when identifying conflicts, the interests

2025 SFCR Report

policies acquired following the AXA transaction, in line with the legal and contractual requirements. MAB has no intention of underwriting these insurances in the future. MAB has not underwritten new business since 2012 and can thus be considered a closed... insurance company incorporated in Belgium under registered number 0478.291.162 and is licensed by the National Bank of Belgium (“NBB”) to offer branch 21, branch 22, branch 23 and branch 26 life policies, and branch 1a non-life policies. MAB has not

2024 SFCR Report

Company’s results under Belgian norm for the period are shown below in Section A. Business and Performance. The business reported an underwriting gain for the reporting period of € 15,745,618 (2023: a profit of € 17,000,366).This strong bottom-line...” or “MonRe”) completed the acquisition of ABN AMRO Life Capital Belgium NV (“AALCB”) on 28 March 2018, at which time the Company was renamed Monument Assurance Belgium NV (“MAB”). MAB is a life insurance company incorporated in Belgium under registered

2023 SFCR Report

between 2010 and 2016 or by AXA Belgium NV between 2013 and 2018 under the title “Capital Cash”, “Cover Cash”, or “Accidental Cash”, (iii) life insurance contracts in branch 23 underwritten between 2012 and 2015 under the title “Happy Life” (150,986... Belgium NV (“MAB”). MAB is a life insurance company incorporated in Belgium under registered number 0478.291.162 and is licensed by the National Bank of Belgium (“NBB”) to offer branch 21, branch 22, branch 23 and branch 26 life policies, and branch 1a

2022 SFCR Report

between 2013 and 2018 under the title “Capital Cash”, “Cover Cash”, or “Accidental Cash”, (iii) life insurance contracts in branch 23 underwritten between 2012 and 2015 under the title “Happy Life” (176,122 policies as at 31 December 2022) (the “AXA... renamed Monument Assurance Belgium NV (“MAB”). MAB is a life insurance company incorporated in Belgium under registered number 0478.291.162 and is licensed by the National Bank of Belgium (“NBB”) to offer branch 21, branch 22, branch 23 and branch 26

Information on ESG

information regarding MAB’s sustainability policies and negative sustainability impacts, required under Articles 3 and 4 of the SFDR, supplemented by Commission Delegated Regulation (EU) 2022/1288 of European Commission of April 6, 2022. As sustainability... a portion of its assets under management in equities, both within its general account and for unit -linked products. Monument Assurance Belgium deploys its equity investments either directly or through external asset managers. With this commitment

2021 SFCR Report

Life Capital Belgium NV (“AALCB”) on 28 March 2018, at which time the Company was renamed Monument Assurance Belgium NV (“MAB”). MAB is a life insurance company incorporated in Belgium under registered number 0478.291.162 and is licensed by the National... March 2018, at which time the Company was renamed Monument Assurance Belgium NV (“MAB”). MAB is a public limited company under Belgian law ("naamloze vennootschap"), under the company number 0478.291.162 and with administrative code 1644. As an