Universal life insurance policies have traditionally dominated the HNWIs insurance markets, but with more HNWIs seeking pure protection for a smaller premium, Transamerica Life Bermuda (TLB) believes term life insurance may be a more suitable product. Unlike whole life insurance products, term life insurance policies feature no savings component and have no value other than the guaranteed death benefit. “In…
Term life insurance provides an “economical solution” for HNWIs: Transamerica
By Carly Lau, reporter | 7 December 2021

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