High net worth life insurance provider Transamerica Life Bermuda has rolled out the Trendsetter Ultra Term Life for the Singapore market.
Trendsetter Ultra is specially designed for HNW individuals, who require high levels of insurance coverage for their personal or business needs.
It is suited for customers who do not need or want the commitment required by permanent insurance policies.
Key benefits of Trendsetter Ultra include; flexibility, wealth preservation, business protection, guaranteed and affordable premiums; choice of policy currency and additional riders.
Chirag Rathod, chief executive of TLB, said: “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 is another way this offering adds value to our customers in Singapore.
“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.”