A Universal Life plan supports estate or business planning through providing lifetime coverage. Universal Life has cash value which accumulates at a rate declared by us, and under which there are two distinctive benefits:
- Flexibility of premium payment, adjustment of sum assured and access to cash value.
- Policy charges and crediting interest rate are transparent to the policy owner.
Genesis II Indexed Universal Life
Safeguard Your Legacy, Amplify Your Wealth
Genesis II Indexed Universal Life combines lifetime protection with the opportunity for policy growth based on its distinctive Index Account, insuring what matters most to you - whether that means security for your family, protection for your business, or support for your succession planning goals. It is designed to enhance your wealth while safeguarding your personal worth and preserving a lasting legacy for generations to come.
How does Genesis II Indexed Universal Life work?
Genesis II Indexed Universal Life provides you with Fixed Account and the following four Index Account options:
- US Market Index Account captures growth potential benchmarked against a diverse US equity portfolio encompassing S&P 500 Index (large-cap), S&P 400 Index (mid-cap) and Russell 2000® Index (small-cap).
- Global Index Account captures growth potential linked to top companies broadly diversified across global markets and economic sectors.
- S&P 500 Shariah Index Account captures growth potential linked to Shariah-compliant equities in the US large-cap segment.
- S&P 500 Index Account captures growth potential benchmarked against the large-cap segment of the US equity market.
Based on your instructions, your Net Premium will be allocated to the specified accounts to grow your wealth. Our persistency bonus and cumulative guarantee are additional features to support your long-term performance.
Protect yourself, your family and business for a lifetime
- Preserve your wealth to achieve estate liquidity goals and equalisation of inheritance for your loved ones
Maximise wealth through a wider choice of Index Account options
- Diversified options: you can choose a sub-account of the Index Account that covers top companies across global markets and economic sectors and/or a sub-account of the Index Account that covers a full spectrum of small to large companies in the US market
- Focus options: you can choose a sub-account of the Index Account that focuses on the large-capitalised companies in the US equity market and/or a sub-account of the Index Account with access to Shariah-compliant equities
Experience stability amidst uncertainty
- Provide stable returns with Fixed Account through the declared crediting interest rate*
- Protect your returns from market downturns with Index Account through 0.00% p.a. Guaranteed Floor Rate and 2.00% p.a. Cumulative Guarantee Crediting Interest Rate
- Stabilise your returns and reduce exposure to market volatility with Dollar Cost Averaging
Flexibly manage your finances in an evolving market environment
- Pay your premiums based on your preference
- Optimise the growth potential over time by allocating or reallocating across various Index Account options
- Strengthen cash flow if needed by withdrawing Cash Value# from the policy or borrowing from us
* Crediting interest rate will be declared at our discretion from time to time, subject to the Guaranteed Minimum Crediting Interest Rate of 2.00% p.a. for the first 10 Policy Years and thereafter, 1.50% p.a.
# Policy Loans and Withdrawals will not be permitted if the adjusted Sum Assured would be less than our published minimum Sum Assured for this product at the time of your request.
Our distribution network allows our business partners including independent brokers to distribute our universal life insurance policies and they can explain all the details about our products to help meet your needs. For enquiries, please click here.
The product details are at all times subject to the terms and conditions of your policy contract.
Genesis II Indexed Universal Life (Policy Form No. IUL04 SG in Singapore) is an indexed universal life insurance policy underwritten and issued by Transamerica Life (Bermuda) Ltd. (TLB), a company incorporated in Hamilton, Bermuda. Policies to which these materials relate are only available in Singapore.
The above information serves only as an overview and is not an offer to sell or a solicitation to buy any of TLB's products. It is provided for informational purposes only and should not be construed as financial, tax or legal advice. Customers and other interested parties should seek independent financial, tax and legal advice.
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Transamerica Life (Bermuda) Ltd. or visit the Life Insurance Association of Singapore or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Disclaimer of the S&P 500 Index, S&P 400 Index and S&P 500 Shariah Index
The S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index are the products of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by the Company. S&P ®, S&P 500 ®, US500, The 500, iBoxx ®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Company. It is not possible to invest directly in an index. Genesis II Indexed Universal Life (the “Product”) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices do not make any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to the Company with respect to the S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index are determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the Product. S&P Dow Jones Indices have no obligation to take the needs of the Company or the owners of the Product into consideration in determining, composing or calculating the S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment product based on the S&P 500 Index, the S&P 400 Index and the S&P 500 Shariah Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, “promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice.
S&P DOW JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX, THE S&P 400 INDEX AND THE S&P 500 SHARIAH INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX, THE S&P 400 INDEX AND THE S&P 500 SHARIAH INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE LICENSEE PRODUCT REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
Disclaimer of the EURO STOXX 50 ® Index
The EURO STOXX 50 ® Index (the “Index”) is the intellectual property (including registered trademarks) of STOXX Ltd., Qontigo Index GmbH, or their licensors, and is used under a license. Genesis II Indexed Universal Life is neither sponsored nor promoted, distributed or in any other manner supported by STOXX Ltd., Qontigo Index GmbH or their licensors, research partners or data providers and STOXX Ltd., Qontigo Index GmbH and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the Index or its data.
Disclaimer of the Hang Seng Index
The mark and name "Hang Seng Index" is proprietary to Hang Seng Data Services Limited ("HSDS") which has licensed its compilation and publication to Hang Seng Indexes Company Limited ("HSIL"). HSIL and HSDS have agreed to the use of, and reference to, the Hang Seng Index by TLB ("the Issuer") in connection with Genesis II Indexed Universal Life (the "Product"). However, neither HSIL nor HSDS warrants, represents or guarantees to any person the accuracy or completeness of the Hang Seng Index, its computation or any information related thereto and no warranty, representation or guarantee of any kind whatsoever relating to the Hang Seng Index is given or may be implied. Neither HSIL nor HSDS accepts any responsibility or liability for any economic or other loss which may be directly or indirectly sustained by any person as a result of or in connection with the use of and/or reference to the Hang Seng Index by the Issuer in connection with the Product, or any inaccuracies, omissions or errors of HSIL in computing the Hang Seng Index. Any person dealing with the Product shall place no reliance whatsoever on HSIL and/or HSDS nor bring any claims or legal proceedings against HSIL and/or HSDS in any manner whatsoever. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker or other person dealing with the Product and HSIL and/or HSDS and must not be construed to have created such relationship.
Disclaimer of the Russell 2000® Index
Genesis II Indexed Universal Life (the “Product”) has been developed solely by the Company. The Product is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.
All rights in the Russell 2000® Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “Russell®” is trademark of the relevant LSE Group company and are used by any other LSE Group company under license.
The Index is calculated by or on behalf of Frank Russell Company or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product.
The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by the Company.