News

Insurance

Staff Reporter

, Singapore

Published:

2 months ago

/Micheile Henderson from Unsplash

Transamerica Life Bermuda unveils improved HNW plan

It also offers a variety of index account options, including a focus index account tracking major indices' performance,

Transamerica Life (Bermuda) (TLB) announced a new offering, the Genesis II Indexed Universal Life (Genesis II), an upgraded insurance plan tailored for high net-worth individuals (HNWIs).

TLB's Genesis II builds upon the success of its Genesis IUL series launched in 2021.

The Genesis II plan is designed to provide enhanced growth potential, flexibility, and extended life protection to meet the evolving needs of HNWIs and their families.

ALSO READ: Transamerica Life Bermuda reveals new COO

Genesis II offers a variety of index account options, including a focus index account tracking major indices' performance, a global index account covering three major indices globally, a US market index account focusing on U.S. stock indices, and a Shariah-compliant index account tailored for Shariah-compliant investments.

The plan also extends coverage to infants and juveniles, providing comprehensive protection for different family wealth and business continuation needs.

Additionally, the plan provides fortified life benefits to align with personal priorities and family goals, offering greater flexibility for wealth maximization and preservation.

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