- 09 May, 2025
- Press Releases
Transamerica Life Bermuda has launched its enhanced indexed universal life (IUL) insurance plans, Genesis III IUL (Singapore version) and Genesis+ IUL 2 (Bermuda version), with new features to elevate support and flexibility for high-net-worth (HNW) individuals and families on wealth accumulation and legacy planning.
New features include:
- Future Insurability Option: Customers can secure a standby life protection coverage limit for the next three years with just a single application.
- Death Benefit Payout Option (Genesis III IUL)/ Death Benefit Payment Option (Genesis+ IUL 2): This feature provides flexibility in choosing between lump-sum or instalment payments for benefits, facilitating efficient asset distribution.
- Appointment of Contingent Owner: This ensures a seamless policy ownership transfer should the original owner pass away.
- Recurring Dollar Cost Averaging Option: Customers can transfer Net Premiums to the Index Account in 12 monthly instalments conveniently with a one-time setup.
The world is changing quickly, and we are committed to serving the evolving protection and wealth management needs of HNW individuals and families with our innovative life insurance solutions. Whatever your goals may be – from life protection to wealth accumulation to legacy and succession planning, and to advancing your business – we are here to help you reach them.
Learn more about our new IUL solutions here.