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"). Trendsetter Ultra will be available immediately in Bermuda and Hong Kong, with a launch in Singapore planned for the near future.
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 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. Our new Trendsetter Ultra is a natural fit," said Chirag Rathod, CEO of TLB.