Universal Life Legacy

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Safeguard assets and secure financial future of loved ones


  • One time commitment: This is a Single Premium product. You just have to pay a lump sum upfront and no further commitment from you is needed.
  • Lifetime income: You can enjoy a long and prosperous life supported by regular monthly or annual Income Payments, which will be paid to you from the 5th Policy Year for as long as the Policy continues. The amount of the Income Payments is based on a Crediting Interest Rate on the Account Value of the Policy which is guaranteed to be no less than 2% per annum.
  • Effective wealth transfer: The Death Benefit will be passed onto the designated Beneficiary upon the death of the Insured or, in the case of Joint Insureds, the Survivor Insured (i.e. the second to die of the Joint Insureds).
  • Generational Transfer Option: You can change the Insured person of the Policy to your Minor Child in order to extend and maximise your wealth transfer by transferring it to the next generation.
  • Guaranteed issuance: The Policy can be issued irrespective of the state of health of the Insured or Joint Insureds.
  • High first day Cash Value: The first day Cash Value is 80% of the Single Premium paid which allows you to maintain a high level of liquidity.
  • Safeguard the family's income: Utilising the joint life and joint ownership feature of Universal Life Legacy, you and your spouse are assured of a lifetime income for the family.

Our distributors can explain all the details about our universal life insurance policies and how they can help meet your objectives. For enquiries, please click here.

Capitalised words in this publication have the same meaning as in the Universal Life Legacy Policy contract. The product details set out above are at all times subject to the terms and conditions of the Policy contract.
Transamerica Life Bermuda Universal Life Legacy (Policy Form No. UL17 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.
In the event of suicide of the Insured or Survivor Insured (in the case of Joint Insureds) during the first two policy years, Death Benefits are limited to the return of the Single Premium paid, less any Partial Surrender.