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
- Crediting interest rate and charges and are transparent
Universal Life Alpha Pro (Hong Kong) & Universal Life Alpha Pro Century (Hong Kong) - The Foundation for Your Future Planning
Universal Life Alpha Pro (Hong Kong) & Universal Life Pro Century (Hong Kong) are flexible premium universal life insurance plans that support your estate or business planning by providing life protection while at the same time, allowing wealth accumulation and preservation.
Benefit highlights
This is a generic product overview. For detailed terms and conditions, please refer to the policy contract.
- Lifetime insurance protection:
Death benefit^ is designed to last a lifetime, providing for secure family protection, legacy planning and estate liquidity goals.
- Cash value growth potential:
1. The policy earns a steady stream of interest at rates TLB declares, which will never be lower than 1.50% per annum.
2. A loyalty bonus crediting interest rate further enhances long-term cash value growth potential. Starting from policy year 26, the account value will be credited with an additional interest based on the loyalty bonus crediting interest rate of 1.00% per annum until the insured’s age 100.
- Flexibility to meet customers' needs:
1. Allows single premium and planned premiums.
2. Allows unscheduled premiums+.
3. Allows to decrease the amount of protection, i.e. the sum assured, when needed.
- Access to policy value#:
1. Withdrawals and policy loans from net cash value can be accessed when needed, provided certain conditions are met##.
2. Surrender charge-free withdrawal starting from policy year 11.
- Business protection uses:
Provides protection for a variety of business needs including key person insurance, employee benefit insurance, business continuity insurance (partnership and companies) and business loan coverage.
- Insured exchange option:
Allows the insured life to be changed during the life of the policy – enabling the policy to adapt to different needs, as well as supporting wealth transfer to the next generation, subject to underwriting approval and other conditions###.
- No lapse guarantee benefit (only applicable to Universal Life Alpha Pro Century (Hong Kong) policies):
This benefit keeps the policy in-force until the no lapse guarantee period expires (up to insured’s age 100)^^ even if the cash value of the policy is insufficient to cover all the fees and charges due for the policy, provided that certain conditions are satisfied.
^ For Universal Life Alpha Pro Century (Hong Kong) policies, where the no lapse guarantee benefit is activated, the death benefit payable will be 80% of the sum assured, less the amount of any outstanding policy loans and any amount necessary to provide insurance to the date of the insured’s death if the insured’s death occurs during the grace period.
+ Subject to TLB’s approval and the premium limitation provision as stipulated in the policy contract.
# For Universal Life Alpha Pro Century (Hong Kong) policies, withdrawals and policy loans will not be available when the no lapse guarantee benefit has been activated.
## Withdrawals will not be permitted if the updated sum assured would be less than our published minimum sum assured for the product at the time of the request.
### For Universal Life Alpha Pro Century (Hong Kong) policies, insured exchange option will not be available when the no lapse guarantee benefit has been activated.
^^ The maximum no lapse guarantee period is the insured’s age 100. Please refer to the no lapse guarantee period as specified in the current illustration 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.
Remarks:
Universal Life Alpha Pro (Hong Kong) and Universal Life Alpha Pro Century (Hong Kong) (Policy Form No. UL21 HK) are universal life insurance policies underwritten and issued by TLB, a company incorporated in Hamilton, 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.
Universal Life Alpha Pro (Singapore) & Universal Life Pro Century (Singapore) - The Foundation for Your Future Planning
Universal Life Alpha Pro (Singapore) and Universal Life Alpha Pro Century (Singapore) are flexible premium universal life insurance plans that support your estate or business planning by providing life protection while at the same time, allowing wealth accumulation and preservation.
Benefit highlights
This is a generic product overview. For detailed terms and conditions, please refer to the policy contract.
- Lifetime insurance protection:
Death benefit^ is designed to last a lifetime, providing for secure family protection, legacy planning and estate liquidity goals.
Cash value growth potential:
1. The policy earns a steady stream of interest at rates TLB declares, which will never be lower than 1.50% per annum.
2. A loyalty bonus crediting interest rate further enhances long-term cash value growth potential. Starting from policy year 26, the account value will be credited with an additional interest based on the loyalty bonus crediting interest rate of 1.00% per annum until the insured’s age 100.- Flexibility to meet customers’ needs:
1. Allows single premium and planned premiums
2. Allows unscheduled premiums+.
3. Allows to decrease the amount of protection, i.e. the sum assured, when needed. - Access to policy value#:
1. Withdrawals and policy loans from net cash value can be accessed when needed, provided certain conditions are met##.
2. Surrender charge-free withdrawal starting from policy year 11.
- Business protection uses:
Provides protection for a variety of business needs including key person insurance, employee benefit insurance, business continuity insurance (partnership and companies) and business loan coverage.
- Insured exchange option:
Allows the insured life to be changed during the life of the policy – enabling the policy to adapt to different needs, as well as supporting wealth transfer to the next generation, subject to underwriting approval and other conditions###.
- No lapse guarantee benefit (only applicable to Universal Life Alpha Pro Century (Singapore) policies):
This benefit keeps the policy in-force until the no lapse guarantee period expires (up to insured’s age 100)^^ even if the cash value of the policy is insufficient to cover all the fees and charges due for the policy, provided that certain conditions are satisfied.
^ For Universal Life Alpha Pro Century (Singapore) policies, where the no lapse guarantee benefit is activated, the death benefit payable will be 80% of the sum assured, less the amount of any outstanding policy loans and any amount necessary to provide insurance to the date of the insured’s death if the insured’s death occurs during the grace period.
+ Subject to TLB’s approval and the premium limitation provision as stipulated in the policy contract.
# For Universal Life Alpha Pro Century (Singapore) policies, withdrawals and policy loans will not be available when the no lapse guarantee benefit has been activated.
## Withdrawals will not be permitted if the updated sum assured would be less than our published minimum sum assured for the product at the time of the request.
### For Universal Life Alpha Pro Century (Singapore) policies, insured exchange option will not be available when the no lapse guarantee benefit has been activated.
^^ The maximum no lapse guarantee period is the insured’s age 100. Please refer to the no lapse guarantee period as specified in the current illustration 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.
Remarks:
Universal Life Alpha Pro (Singapore) and Universal Life Alpha Pro Century (Singapore) (Policy Form No. UL22 SG) are universal life insurance policies underwritten and issued by TLB, a company incorporated in Hamilton, 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.
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.
Universal Life Alpha Pro (Bermuda) and Universal Life Alpha Pro Century (Bermuda) - The Foundation for Your Future Planning
Universal Life Alpha Pro (Bermuda) and Universal Life Alpha Pro Century (Bermuda) are flexible premium universal life insurance plans that support your estate or business planning by providing life protection while at the same time, allowing wealth accumulation and preservation.
Benefit highlights
This is a generic product overview. For detailed terms and conditions, please refer to the policy contract.
- Lifetime insurance protection:
Death benefit^ is designed to last a lifetime, providing for secure family protection, legacy planning and estate liquidity goals.
- Cash value growth potential:
1. The policy earns a steady stream of interest at rates TLB declares, which will never be lower than 1.50% per annum.
2. A loyalty bonus crediting interest rate further enhances long-term cash value growth potential. Starting from policy year 26, the account value will be credited with an additional interest based on the loyalty bonus crediting interest rate of 1.00% per annum until the insured’s age 100.
- Flexibility to meet customers' needs:
1. Allows single premium and planned premiums.
2. Allows unscheduled premiums+.
3. Allows to decrease the amount of protection, i.e. the sum assured, when needed.
- Access to policy value#:
1. Withdrawals and policy loans from net cash value can be accessed when needed, provided certain conditions are met##.
2. Surrender charge-free withdrawal starting from policy year 11.
- Insured exchange option:
Allows the insured life to be changed during the life of the policy – enabling the policy to adapt to different needs, as well as supporting wealth transfer to the next generation, subject to underwriting approval and other conditions###.
- No lapse guarantee benefit (only applicable to Universal Life Alpha Pro Century (Bermuda) policies):
This benefit keeps the policy in-force until the no lapse guarantee period expires (up to insured’s age 100)^^ even if the cash value of the policy is insufficient to cover all the fees and charges due for the policy, provided that certain conditions are satisfied.
^ For Universal Life Alpha Pro Century (Bermuda) policies, where the no lapse guarantee benefit is activated, the death benefit payable will be 80% of the sum assured, less the amount of any outstanding policy loans and any amount necessary to provide insurance to the date of the insured’s death if the insured’s death occurs during the grace period.
+ Subject to TLB’s approval and the premium limitation provision as stipulated in the policy contract.
# For Universal Life Alpha Pro Century (Bermuda) policies, withdrawals and policy loans will not be available when the no lapse guarantee benefit has been activated.
## Withdrawals will not be permitted if the updated sum assured would be less than our published minimum sum assured for the product at the time of the request.
### For Universal Life Alpha Pro Century (Bermuda) policies, insured exchange option will not be available when the no lapse guarantee benefit has been activated.
^^ The maximum no lapse guarantee period is the insured’s age 100. Please refer to the no lapse guarantee period as specified in the current illustration 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.
Remarks:
Universal Life Alpha Pro (Bermuda) and Universal Life Alpha Pro Century (Bermuda) (Policy Form No. UL22 BM / No. UL22 FL) are universal life insurance policies underwritten and issued by TLB, a company incorporated in Hamilton, 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.