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INSURANCE | Staff Reporter, Singapore

Transamerica Life Bermuda floats new universal life plan

It is available through its Singapore branch and tied to major stock indices.

Transamerica Life (Bermuda) announced today the launch of its new Genesis Indexed Universal Life plan available through its Singapore branch office.

Genesis Indexed UL is designed for high net worth (HNW) clients which allows them to enjoy potential gains whilst being shielded from market downturns. Offering broad diversification across world markets and economic sectors, the plan is tied to three major international stock indices, namely the S&P 500 Index, the Hang Seng Index, and the EURO STOXX 50 Index.

A “guaranteed floor rate” in the product’s index account provides assurance for customers while they participate in the growth opportunities of the stock markets, alongside a fixed account that affords stability.

Other key benefits include lifetime insurance protection with a death benefit, dollar cost averaging, tailored underwriting and pricing, and insured exchange option.


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