Succession and Estate Planning are Growing Priorities among HNW Individuals and Families in Asia, the Middle East and India, and Europe 

-- Over half of respondents’ clients are aware of life insurance as tool for succession planning, yet more needs to be done to fit it into an overall plan 

Transamerica Life Bermuda has launched Prospera™ FlexiGrowth Indexed Savings, a savings-oriented indexed universal life insurance plan emphasising flexible long-term growth.

Designed to help high-net-worth individuals (HNWIs) and their families build and preserve generational wealth, it brings together growth potential and protection against market volatility through its distinctive combination of an Index Account and a Fixed Account. Some of the benefits it can bring to customers include:

Our Chief Commercial Officer, Jeremy Young, recently sat down with three leading finance and insurance media outlets to discuss the changing dynamics of the high-net-worth (HNW) life insurance market and how Transamerica Life Bermuda has been staying abreast of customers’ needs with relevant and flexible financial solutions and services.

Over 30 enthusiastic volunteers from our Hong Kong team, along with their families and friends, gathered for a cleanup at Wu Kai Sha Beach. Hidden trash such as plastic, glass, straws, and wrappers were collected into over 8 bags of litter.

Designed to update and equip the wealth management industry and financial advisors with essential tools to better serve high net worth individuals, Transamerica Life (Bermuda) Ltd. (TLB), in collaboration with Hubbis, has released the 2024 edition of the "Guide to HNW Life Insurance – a Practical Handbook for Financial Advisors".

This comprehensive guide offers a wealth of knowledge and practical insights aimed at enhancing advisory capabilities in the niche field of high-net-worth (HNW) life insurance.

Volunteers from our Singapore team took action to combat food insecurity by packing and delivering 50 food bundles door-to-door to families in need. Their time and efforts made a significant impact on the community, ensuring that essential support reached those who needed it most.

Our Hong Kong team supported a food waste reduction initiative by rescuing edible food and redistributing it to the needy within our community. It was a rewarding experience making safe and nutritious food accessible to those in need while contributing to sustainability.

Transamerica Life (Bermuda) Ltd.(TLB) today announced the launch of its upgraded indexed universal life (IUL) insurance plan - Genesis II Indexed Universal Life (Genesis II). The upgraded IUL plan is designed to better empower high net worth individuals (HNWIs) to maximize and safeguard their wealth with a suite of new features such as a wider choice of index account options, extended coverage to infants and juveniles, and enhanced life benefits.

In a recent interview with Hubbis, a community for wealth management professionals in Asia, our CEO Chirag Rathod and CCO Jeremy Young shared their strategies and plans to uplift Transamerica Life Bermuda’s (“TLB’s”) unique proposition in the niche High Net Worth and Ultra High Net Worth market as the life insurer of choice, including broadening our product portfolio, diversifying our partner and distribution base, and empowering our partners with knowledge and expertise in delivering the best solution to meet the evolving needs of customers.