Mirae Asset Life is highlighting variable insurance as a long-term asset management tool during the current stock market upturn. This product allows for diversified investments in domestic and international funds while maintaining coverage, and it offers potential tax benefits if certain conditions are met, making it a valuable option for retirement planning.
According to data released on June 25 by the Life Insurance Association, Mirae Asset Life's flagship variable fund, the 'Mirae Asset Life Global MVP 60,' recorded a cumulative return of 148.7% as of June 12. The 'Global MVP Equity Fund' reported an impressive cumulative return of 215%.
Variable insurance products invest a portion of premiums in funds such as stocks and bonds, with the payout and surrender value varying based on investment performance. Notably, if a policy is maintained for over 10 years and meets relevant tax law requirements, policyholders can benefit from tax exemptions on the gains from savings insurance. The tax exemption applies to monthly premiums up to 1.5 million won and a lump-sum payment limit of 100 million won.
In contrast, traditional financial products incur a 15.4% tax on interest and dividend income. Direct investments in foreign stocks are subject to a 22% capital gains tax on profits exceeding 2.5 million won annually. However, by utilizing Mirae Asset Life's variable insurance, investors can reduce their tax burden while investing in global assets within the insurance contract.
* This article has been translated by AI.
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