TLB honored by industry peers at the Benchmark Wealth Management Awards

January 17, 2022

Transamerica Life Bermuda honored by industry peers at the Benchmark Wealth Management Awards

The award marks the fourth time the Company has been lauded as a leader in the Industry

Transamerica Life (Bermuda) Ltd. (TLB), a leading High Net Worth (HNW) life insurance provider, once again received Industry recognition by winning the “Outstanding Responsible Insurer” award and “Best-in-Class - Universal Life Product” award for our Universal Life Alpha (ULA) Pro & Pro Century products at the 12th Benchmark Wealth Management Awards 2021 (BENCHMARK) in Hong Kong.

This is the fourth time that TLB was recognised by BENCHMARK and it was TLB’s first time winning in the “Outstanding Responsible Insurer” category. With its singular focus on serving HNW and Ultra High Net Worth customers, TLB has extensive experience in handling large sums assured and complex cases to support legacy and business planning for its customers.

The “Outstanding Responsible Insurer” award recognises TLB’s efforts and strong commitment in building a sustainable, socially responsible Company. TLB aims to make a positive impact in its community and the environment so as to create lasting value for its customers and business partners.

In the universal life product category, TLB was awarded Best-In-Class. ULA Pro and Pro Century were launched in April last year and were based on TLB’s award-winning Universal Life Alpha Private Series product. ULA Pro and Pro Century were refreshed for today’s market environment, offering a suite of improvements to meet broader customer needs. The new enhanced plans provide a unique combination of permanent life insurance coverage, cash value growth potential, and inherent design flexibilities that HNW individuals’ desire.

“We are very excited to win in these two honorable categories at the BENCHMARK Wealth Management Awards this year. Our drive to really understand the unique challenges that our HNW customers face and provide them with tailored, innovative financial solutions is part of our purpose of helping customers achieve a lifetime of financial security and peace of mind. We remain committed to providing premium service and finding ways to add more value to our customers and business partners,” said Chirag Rathod, CEO of TLB.

For more on the BENCHMARK Wealth Management Awards, please visit here.