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 accumlates 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
  • Crediting interest rate and charges and are transparent



Universal Life Plus - Coverage certainty

A universal life plan supports your estate or business planning by providing life protection, while also allowing wealth accumulation and preservation.

Highlights

  • No-lapse guarantee privilege:
    Keeps your policy in force until you reach age 100.
  • Cash value growth potential:
    Your policy earns a steady stream of interest at a rate we declare (never be lower than 2% per annum).
  • Liquidity intact:
    You may withdraw or take a loan from your policy when needed.
  • Flexibility:
    You can decide the amount and select the frequency you would like to pay for your policy.
  • Transparency:
    You can refer to your annual statement for the interest credited to and the charges taken from your 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.

Download Product Summary 

Remarks:
Loans and withdrawals will affect the account values and net cash value and may affect the death benefit. The product details are at all times subject to the terms and conditions of your policy contract.

Transamerica Life Bermuda Universal Life Plus (Policy Form No. UL11 HK) is a universal life insurance policy issued by Transamerica Life (Bermuda) Ltd., a company incorporated in Hamilton, Bermuda. Policies are available in Hong Kong.

Insurance eligibility and premiums are subject to underwriting. In the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid (less any partial surrenders, outstanding policy loans and loan interest due).

Universal Life Plus - Coverage certainty

A universal life plan supports your estate or business planning by providing life protection, while also allowing wealth accumulation and preservation.

Highlights

  • No-lapse guarantee privilege:
    Keeps your policy in force until you reach age 100.
  • Cash value growth potential:
    Your policy earns a steady stream of interest at a rate we declare (never be lower than 2% per annum).
  • Liquidity intact:
    You may withdraw or take a loan from your policy when needed.
  • Flexibility:
    You can decide the amount and select the frequency you would like to pay for your policy.
  • Transparency:
    You can refer to your annual statement for the interest credited to and the charges taken from your 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.

Download Product Summary 

Remarks:
Loans and withdrawals will affect the account values and net cash value and may affect the death benefit. The product details are at all times subject to the terms and conditions of your policy contract.

Transamerica Life Bermuda Universal Life Plus (Policy Form No. UL11 SG) is a universal life insurance policy issued by Transamerica Life (Bermuda) Ltd., a company incorporated in Hamilton, Bermuda. Policies are available in Singapore.

Insurance eligibility and premiums are subject to underwriting. In the event of suicide during the first two policy years, death benefits are limited only to the return of premiums paid (less any partial surrenders, outstanding policy loans and loan interest due).

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.