Universal Life Plus

Coverage certainty


  • No lapse guarantee privilege: This privilege keeps your policy in force until the insured reaches age 100 even if the cash value of your policy is insufficient to cover all the fees and charges due for the policy, provided that certain conditions are satisfied;
  • Cash value growth potential: Your policy earns a steady stream of interest at a rate we declare, which will never be lower than 2% per annum;
  • Liquidity intact: You may withdraw or take a loan from your policy when needed, provided certain conditions are met;
  • Flexibility: You can decide the amount, within a certain range, and select the frequency that you would like to pay for your policy. You can also decrease the amount of protection, i.e. the sum assured, and take money from your policy when needed, subject to the terms of the policy contract;
  • Transparency: You can refer to your annual statement for the interest credited to and the charges taken from your policy.

A Transamerica Life Bermuda distributor can explain all the details about our universal life insurance policies and how they can help meet your objectives. For enquiries, please click here.

Loans and withdrawals will affect the account values and net cash value and may affect the death benefit. The product details are at all times subject to the terms and conditions of your policy contract.
Transamerica Life Bermuda Universal Life Plus (Policy Form No. UL11 HK) is a universal life insurance policy issued by Transamerica Life (Bermuda) Ltd., a company incorporated in Hamilton, Bermuda. Policies are available in Hong Kong.
Insurance eligibility and premiums are subject to underwriting. In the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid (less any partial surrenders, outstanding policy loans and loan interest due).