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  • Launch of Transamerica Life Bermuda Universal Life Alpha – Private Series

Launch of Transamerica Life Bermuda Universal Life Alpha – Private Series

March 31, 2017

We are pleased to announce the launch of Transamerica Life Bermuda Universal Life Alpha – Private Series ("Universal Life Alpha") in the Hong Kong and Singapore branch offices today.

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Universal Life Alpha is a new version of Universal Life 2. It is tailored to the distinct needs of Asia's new generation of High Net Worth individuals in response to their shift in mind-set and wealth management priorities towards liquidity and returns.

What's new for Universal Life Alpha?

1. Privileged pricing for Hong Kong and Singapore residents
An insured person whose place of residence, as set out in the Distributor Guide, is Hong Kong (for policies issued in Hong Kong) or Singapore (for policies issued in Singapore) will enjoy privileged pricing under the new Region 1S.

2. Select class available to all regions
Select class is available to Region 1S, Region 1 and Region 2.

3. Simplified product features
The product is a simplified one with certain rarely utilised features removed.

4. New look and more customer-friendly product collaterals
The product name Universal Life Alpha and the lion imagery symbolise our leading position in Asia's High Net Worth market. The product collaterals also have enhanced disclosure of product risks.

For more information on Universal Life Alpha, please click here.