+44 7393 450837
advice@adamfayed.com
Follow on

Transamerica Life Bermuda Review

Transamerica Life Insurance Company-unit Transamerica Life Bermuda is an insurance company that has term and universal life offerings. The Bermuda-registered insurer has Singapore and Hong Kong branches to supervise its global operations.

As part of the larger Aegon Group, a financial services firm, Transamerica Life Bermuda is expanding beyond its traditional Asia-centric focus to serve markets in Latin America, Dubai, Switzerland, and beyond.

If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).

Because it protects people and families against unanticipated risks and uncertainties, financial protection is essential to financial planning and investing.

Unexpected events could undermine funds, put financial ambitions at risk, cause financial difficulty, or even result in bankruptcies, if there is insufficient protection.

A financial advisor can examine your entire financial plan to make sure your insurance plan aligns with your larger financial targets.

Transamerica Life Bermuda Background

Transamerica Life Bermuda logo

Transamerica Life Bermuda excels in managing substantial assets and complex cases for high net worth individuals and ultra-high net worth clients, supporting robust legacy and business planning.

Transamerica Life Bermuda is expanding its partner network in Singapore and rejuvenating operations in Hong Kong post-pandemic. It has shifted focus from premium financing through private banks to making strides in the Independent Financial Advisor (IFA) market.

The company remains committed to delivering personalized solutions tailored to individual preferences.

As of February 2024, Transamerica Life Bermuda boasts a solid A+ financial strength rating from S&P.

Transamerica Life Bermuda Products

The insurance provider focuses in offering high net worth clients and businesses customized life insurance products with the goal of protecting, enhancing, and passing on their fortune to future generations.

Universal Life Insurance

A permanent life insurance option, universal life offers adjustable death benefits and premiums.

Transamerica Life Bermuda offers:

  • Universal Life Alpha Pro (Bermuda)
  • Universal Life Alpha Pro Century (Bermuda)

Both products are designed to facilitate estate planning and provide investment opportunities.

Term Life Insurance

This policy helps with legacy planning and wealth protection by providing coverage for a predetermined amount of time.

Transamerica Life Bermuda offers term life insurance plans designed to satisfy a range of customer requirements.

Is Transamerica Life Insurance Good?

Is Transamerica Life Insurance Good

Now, let’s talk about the pros and cons of Transamerica Life Bermuda.

Transamerica Benefits

  • Transamerica Life Bermuda has robust financial health and capacity to meet commitments globally as part of Aegon.
  • With the flexible coverage options offered by TLB’s insurance products, policyholders can customize their policies to match their particular needs and objectives.
  • Tax incentives may be available with TLB’s life insurance products, potentially offering policyholders financial advantages.
  • Operating out of Bermuda, TLB benefits people and enterprises with global connections or cross-border financial demands due to the island’s advantageous regulatory and tax climate.

Transamerica Risks

  • TLB may not be available to individuals outside Bermuda or lacking access to its distribution channels, potentially limiting its market reach.
  • Operating in Bermuda, TLB adheres to its regulatory framework and legal jurisdiction. Policyholders should be mindful of any variances or nuances in regulatory requirements compared to their home country.
  • Life insurance and investment products can be complex financial instruments, making it difficult for policyholders to grasp the terms, features, and dangers associated with Transamerica Life Bermuda’s solutions.
  • Like other insurance and investment organizations, TLB may levy fees for policy administration, investment management, and other services.

Pained by financial indecision?

Adam Fayed Contact CTA3

Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.

Leave a Reply

Your email address will not be published. Required fields are marked *

This URL is merely a website and not a regulated entity, so shouldn’t be considered as directly related to any companies (including regulated ones) that Adam Fayed might be a part of.

This Website is not directed at and should not be accessed by any person in any jurisdiction – including the United States of America, the United Kingdom, the United Arab Emirates and the Hong Kong SAR – where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this Website and/or its contents, materials and information available on or through this Website (together, the “Materials“) is prohibited.

Adam Fayed makes no representation that the contents of this Website is appropriate for use in all locations, or that the products or services discussed on this Website are available or appropriate for sale or use in all jurisdictions or countries, or by all types of investors. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

The Website and the Material are intended to provide information solely to professional and sophisticated investors who are familiar with and capable of evaluating the merits and risks associated with financial products and services of the kind described herein and no other persons should access, act on it or rely on it. Nothing on this Website is intended to constitute (i) investment advice or any form of solicitation or recommendation or an offer, or solicitation of an offer, to purchase or sell any financial product or service, (ii) investment, legal, business or tax advice or an offer to provide any such advice, or (iii) a basis for making any investment decision. The Materials are provided for information purposes only and do not take into account any user’s individual circumstances.

The services described on the Website are intended solely for clients who have approached Adam Fayed on their own initiative and not as a result of any direct or indirect marketing or solicitation. Any engagement with clients is undertaken strictly on a reverse solicitation basis, meaning that the client initiated contact with Adam Fayed without any prior solicitation.

*Many of these assets are being managed by entities where Adam Fayed has personal shareholdings but whereby he is not providing personal advice.

This website is maintained for personal branding purposes and is intended solely to share the personal views, experiences, as well as personal and professional journey of Adam Fayed.

Personal Capacity
All views, opinions, statements, insights, or declarations expressed on this website are made by Adam Fayed in a strictly personal capacity. They do not represent, reflect, or imply any official position, opinion, or endorsement of any organization, employer, client, or institution with which Adam Fayed is or has been affiliated. Nothing on this website should be construed as being made on behalf of, or with the authorization of, any such entity.

Endorsements, Affiliations or Service Offerings
Certain pages of this website may contain general information that could assist you in determining whether you might be eligible to engage the professional services of Adam Fayed or of any entity in which Adam Fayed is employed, holds a position (including as director, officer, employee or consultant), has a shareholding or financial interest, or with which Adam Fayed is otherwise professionally affiliated. However, any such services—whether offered by Adam Fayed in a professional capacity or by any affiliated entity—will be provided entirely separately from this website and will be subject to distinct terms, conditions, and formal engagement processes. Nothing on this website constitutes an offer to provide professional services, nor should it be interpreted as forming a client relationship of any kind. Any reference to third parties, services, or products does not imply endorsement or partnership unless explicitly stated.

*Many of these assets are being managed by entities where Adam Fayed has personal shareholdings but whereby he is not providing personal advice.

I confirm that I don’t currently reside in the United States, Puerto Rico, the United Arab Emirates, Iran, Cuba or any heavily-sanctioned countries.

If you live in the UK, please confirm that you meet one of the following conditions:

1. High-net-worth

I make this statement so that I can receive promotional communications which are exempt

from the restriction on promotion of non-readily realisable securities.

The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

I had, throughout the financial year immediately preceding the date below, an annual income

to the value of £100,000 or more. Annual income for these purposes does not include money

withdrawn from my pension savings (except where the withdrawals are used directly for

income in retirement).

I held, throughout the financial year immediately preceding the date below, net assets to the

value of £250,000 or more. Net assets for these purposes do not include the property which is my primary residence or any money raised through a loan secured on that property. Or any rights of mine under a qualifying contract or insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) order 2001;

  1. c) or Any benefits (in the form of pensions or otherwise) which are payable on the

termination of my service or on my death or retirement and to which I am (or my

dependents are), or may be entitled.

2. Self certified investor

I declare that I am a self-certified sophisticated investor for the purposes of the

restriction on promotion of non-readily realisable securities. I understand that this

means:

i. I can receive promotional communications made by a person who is authorised by

the Financial Conduct Authority which relate to investment activity in non-readily

realisable securities;

ii. The investments to which the promotions will relate may expose me to a significant

risk of losing all of the property invested.

I am a self-certified sophisticated investor because at least one of the following applies:

a. I am a member of a network or syndicate of business angels and have been so for

at least the last six months prior to the date below;

b. I have made more than one investment in an unlisted company in the two years

prior to the date below;

c. I am working, or have worked in the two years prior to the date below, in a

professional capacity in the private equity sector, or in the provision of finance for

small and medium enterprises;

d. I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

 

Adam Fayed is not UK based nor FCA-regulated.

 

Adam Fayed uses cookies to enhance your browsing experience, deliver personalized content based on your preferences, and help us better understand how our website is used. By continuing to browse adamfayed.com, you consent to our use of cookies.


Learn more in our Privacy Policy & Terms & Conditions.