Savings

Prospera™ FlexiGrowth Indexed Savings
Curate your legacy of generational wealth through dynamic growth

Prospera™ FlexiGrowth Indexed Savings (Prospera FlexiGrowth) is a savings-oriented indexed universal life insurance plan designed for long-term growth while providing flexibility.  It offers growth potential with protection against market volatility through its distinctive Index Account structure and flexibility with its various options. Prospera FlexiGrowth facilitates achieving what matters most to you - whether it is growing legacies, safeguarding wealth, supporting succession plans, or fulfilling business purposes.

How does Prospera FlexiGrowth work?

Prospera FlexiGrowth provides you with the Index Account (comprising two sub-accounts, namely the Nasdaq-100® Index Account and S&P 500 Index Account) and the Fixed Account to which premiums and funds may be allocated and/or transferred across accounts to earn interest. The cumulative guarantee feature provides assurance on minimum levels of interest returns to the policy.

How can Prospera FlexiGrowth help you achieve your aspirations?

Wealth Accumulation

• Optimises potential interest returns through tracking the performance of the Nasdaq-100 Index® and/or the S&P 500 Index.

Stability amid Uncertainty for Growth Retention

• Has a Fixed Account providing stable returns.
• Provides downside protection with a Guaranteed Floor Rate for the Indices.

Diversification

• Offers flexible premium allocation and/or fund transfer between the Fixed Account and the Index Account for wealth accumulation or retention.
• Mitigates exposure to market volatility with the Dollar Cost Averaging option.

Legacy and Estate Planning

• Has an option to appoint a Contingent Owner for policy transfer if the Owner dies before the Insured.
• Allows the policy to continue accumulating wealth by appointing a Contingent Insured or exercising the Insured Exchange Option.
• Facilitates the distribution of assets as desired through Death Benefit payment option.
   

Our distribution network allows our business partners including independent brokers to distribute our insurance policies and they can explain all the details about our products to help meet your evolving needs. For enquiries, please click here.

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

Prospera FlexiGrowth (Bermuda) (Policy Form No. IULS01 BM/IULS01 FL) is a savings-oriented indexed universal life insurance policy underwritten and issued by Transamerica Life Bermuda, a company incorporated in Hamilton, Bermuda. Policies to which this material relates are only available in Bermuda.

This above information serves only as an overview and is not an offer to sell or a solicitation to buy any of the products of Transamerica Life Bermuda. 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.

Disclaimer of the S&P 500 Index

The S&P 500 Index is the product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Transamerica Life (Bermuda) Ltd. (“Transamerica Life Bermuda”). 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 Transamerica Life Bermuda. It is not possible to invest directly in an index. Prospera™ FlexiGrowth Indexed Savings (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 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 Transamerica Life Bermuda with respect to the S&P 500 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 is determined, composed and calculated by S&P Dow Jones Indices without regard to Transamerica Life Bermuda or the Product. S&P Dow Jones Indices have no obligation to take the needs of Transamerica Life Bermuda or the owners of the Product into consideration in determining, composing or calculating the S&P 500 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 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 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 TRANSAMERICA LIFE BERMUDA, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 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 HAVE NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DO 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 TRANSAMERICA LIFE BERMUDA, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
 

Disclaimer of the Nasdaq-100 Index

The Product is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product. The Corporations make no 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 Nasdaq-100 Index to track general stock market performance. The Corporations' only relationship to Transamerica Life Bermuda (“Licensee”) is in the licensing of the Nasdaq®, Nasdaq-100 Index®; Nasdaq-100®; NDX®, and certain trade names of the Corporations and the use of the Nasdaq-100 Index which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product. Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product into consideration in determining, composing or calculating the Nasdaq-100 Index. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product.

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF NASDAQ-100 INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.