Swiss Life Calmo is a non-tax qualified life annuity Guaranteed regular annuity payments create predictable financial flexibility for the rest of your life.

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    An AHV pension for a married couple is capped at CHF 3585 per month

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    Women in Switzerland receive on average 37% less pension than men

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    Planning security thanks to a lifetime pension

In a nutshell

Swiss Life Calmo is the right choice for you if you want to increase financial stability in retirement with the help of regular income. By doing so, you’ll create security for yourself – and if you want, for your partner as well. The solution is financed by a one-off premium.

Your benefits at a glance

  • Guaranteed income: Swiss Life contractually guarantees the amount of your annuity payments for life.
  • Early retirement: you determine the amount and timing of the annuity payment individually. For example, you can close any pension gap as necessary if you decide to retire early: Simply choose a higher annuity before you reach full retirement age and then switch to a lower one once you start receiving your AHV benefits.
  • Adjustment of retirement cover: You can cover your partner as well, which means the annuity will continue to be paid even after the person with primary cover dies. You determine the amount of the annuity – based entirely on your pension situation.
  • Financial protection: thanks to the contractually guaranteed refund amount, your family or other beneficiaries designated by you will receive the remaining capital in the event of your death. 

Make an appointment for a consultation

Want to learn more about Swiss Life Calmo single premium – pillar 3b or do you have questions? We would be pleased to provide you with more information – in a personal and non-binding consultation.

More about the product

You can choose between an immediate or a deferred start to your annuity payments. In the case of a life annuity with deferred annuity payments you can determine the length of the period before commencement of annuity payments.

You receive the annuity payments for the rest of your life. 

Swiss Life guarantees annuity payments for life. The amount of the annuity payments may increase as a result of non-guaranteed bonuses. The amount of the bonuses is defined each year and is not guaranteed. The amount depends in particular on the investment income generated each year and on the risk and cost result.

You can choose an annuity with or without return of premiums. With return of premiums means that the outstanding refund amount is paid out on expiry of the contract following death.

Without return of premiums means that if the contract ends as a result of the death of the insured person there is no payout of the remaining assets. Annuities without return of premiums are higher than those with return of premiums. 

  • Stamp duty: 2.5% of the single premium in the case of an annuity with return of premiums
  • During the deferral period:
    • For lifelong annuities without return of premiums: no wealth tax
    • For lifelong annuities with return of premiums: the surrender value is subject to wealth tax at cantonal level. (The surrender value is the amount we pay out to you if you surrender your insurance contract.)
  • Annuity payment period: annuity payments are taxable together with other income as income at 40%. The surrender value of the insurance is subject to wealth tax.

Product comparison

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