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Term life insurance provides an “economical solution” for HNWIs: Transamerica

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…

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