Universal Life Alpha Pro & Universal Life Alpha Pro Century

Universal Life Alpha Pro & Universal Life Alpha Pro Century are flexible premium universal life insurance plans that support your estate or business planning with life protection as well as wealth accumulation and preservation options.
With Universal Life Alpha Pro & Universal Life Alpha Pro Century (Bermuda), you will enjoy:

• Lifetime insurance protection: Death benefit is designed to last a lifetime, providing security for families and support for legacy planning and estate liquidity goals.
• Cash value growth potential:
  • The policy earns a steady stream of interest at rates Transamerica Life Bermuda declares, which will never be lower than 1.50% per annum.
• 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 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:
  • Allows single premium and planned premiums
  • Can approve unscheduled premiums
  • Allows for decreasing the amount of protection, i.e. the sum assured, when needed
• Access to policy value:
  • Withdrawals and policy loans from the net cash value can be accessed when needed, provided certain conditions are met
  • 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 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.