High net worth life insurance provider Transamerica Life Bermuda has rolled out the Trendsetter Ultra Term Life for the Singapore market.
Trendsetter Ultra is specifically designed for high net worth individuals who require high levels of insurance coverage for their personal or business needs.
It is suitable for clients 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 endorsements.
Chirag Rathod, Managing Director of TLB, said, “Given recent economic trends around the world, we have seen more and more HNWIs seek pure protection products for their personal and professional protection needs.
“Our distribution partners have also requested a more flexible and competitive term product, with the ability to purchase high levels of coverage. And being able to choose their policy currency is another way this offer adds value to our customers in Singapore.
“With the myriad needs of HNW customers, our new Ultra Trendsetter is a natural choice to provide them with the security and peace of mind they seek.”