SINGAPORE, Feb. 28, 2022 /PRNewswire/ -- Transamerica Life (Bermuda) Ltd. (TLB), a leading High Net Worth (HNW) life insurance provider, today announced the launch of its latest term life insurance plan, Trendsetter Ultra Term Life ("Trendsetter Ultra") for the Singapore market.
Trendsetter Ultra is specially designed for High Net Worth individuals (HNWIs) who require high levels of insurance coverage for their personal or business needs. The plan provides pure protection for a specific period and defined amount. It is well-suited for customers who do not need or want the commitment required by permanent insurance policies.
Key benefits of Trendsetter Ultra include:
"Given recent economic trends around the world, we've seen more HNWIs seeking pure protection products for personal and business protection needs. Our distribution partners also have asked for a more flexible, competitive term product - with the ability to underwrite high levels of cover. And being able to choose their policy currency (USD or SGD) is another way this offering adds value to our customers in Singapore," said Chirag Rathod, CEO of TLB. "With the myriad needs of HNW customers, our new Trendsetter Ultra is a natural fit to provide them with the security and peace of mind they're looking for."
*Available to Singapore residents (Region 1S+) only.
About Transamerica Life (Bermuda) Ltd.:
Transamerica Life (Bermuda) Ltd. (TLB) is a recognised leading HNW life insurance provider with extensive expertise in all aspects of HNW wealth protection, including handling large sums assured and complex cases supporting legacy and business planning. Transamerica has been in Asia for over 80 years and has been a pioneer in managing universal life portfolios for over 40 years. TLB was awarded an "Outstanding Responsible Insurer" award and "Best-in-Class - Universal Life Product" award for its Universal Life Alpha Pro & Pro Century products at the 12th Benchmark Wealth Management Awards 2021 in Hong Kong. TLB is part of the Aegon Group, a leading, international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands. Further information about TLB is available here: www.transamericalifebermuda.com