Lív

Lív is the largest Faroese life insurance company with over DKK 3 billion in pension savings from over 18.000 customers. Lív is structured in two life insurance companies, Lív 1 and Lív 2. Lív 2 is a subsidiary of Lív 1. The main difference between the two companies is that the policy holders in Lív 1 have a performance guarantee from the Faroese government regarding their pension savings, while the policy holders in Lív 2 do not have such government guarantees. Lív has recently launched individualised pension savings products to meet an increased demand from customers.