What is a Universal Life plan?

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 Indexed Universal Life (Bermuda) - Growth Potential with a Safety Net

Genesis Indexed Universal Life (Bermuda) is a flexible premium indexed universal life product that combines lifetime protection with the opportunity for policy growth based on the performance of its distinctive Index Account.

Genesis Indexed Universal Life (Bermuda)'s Index Account is tied to three major international stock Indices – the S&P 500® Index, the Hang Seng Index, and EURO STOXX 50 ® Index*, offering broad diversification across world markets and economic sectors.

*EURO STOXX 50 ® is a registered trademark of STOXX Ltd.


  • Lifetime insurance protection:
    Death Benefit designed to secure life protection for both family and business.
  • Growth potential:
    1. Index Account provides opportunity for higher interest earnings than traditional universal life policies.
    2. Persistency bonus further enhances long-term performance potential.
  • Protection from market downturns:
    1. Cumulative Guaranteed Crediting Interest Rate of 2.00% p.a. on a cumulative basis upon full surrender.
    2. No direct participation in any stock or equity investments.
  • Flexibility and control:
    1. Allows Single Premium and Planned Premiums.
    2. Unscheduled Premiums subject to approval and premium limitation provision.
    3. Premium allocation and fund transfer.
  • Dollar Cost Averaging:
    Stabilise returns and reduce exposure to market volatility.
  • Access to policy value:
    1. Withdrawals and Policy Loans from Cash Value can be accessed when needed.
    2. Surrender Charge-free Withdrawal starting from Policy Year 11.
  • Tailored underwriting and pricing:
    Non-medical limit up to USD3 million Sum Assured (SA) for ages up to 55 for residents of selected countries.
  • Insured Exchange Option:
    Allow the Insured life to be changed during the life of the policy.

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 customers' needs. For enquiries, please click here.

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The product details are at all times subject to the terms and conditions of your policy contract.

Transamerica Life Bermuda Genesis Indexed Universal Life (Bermuda) (Policy Form No. IUL01 BM in Bermuda) 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 Bermuda.

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.

The "S&P 500® Index" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by TLB. Standard & Poor's ® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("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 TLB. Genesis Indexed Universal Life is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or any of their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.

The EURO STOXX 50 ® Index (EURO STOXX 50 ® is a registered trademark of STOXX Ltd.) is the intellectual property (including registered trademarks) of STOXX Ltd., Zurich, Switzerland ("STOXX"), Deutsche Börse Group or their licensors, which is used under license. Genesis Indexed Universal Life is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group 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 EURO STOXX 50 ® Index or its data.

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 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.