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Transamerica sees strong growth for universal life plans in Asia

Sales in the region have just about tripled in the past three years, says the insurer

MR DE SZEGED: "A greater amount of new money is generated in Asia, hence the need to think about legacy which has driven a lot of demand."


ROBUST growth in the wealth and number of high net worth individuals in Asia has buoyed the universal life business of Transamerica Life (Bermuda).

Transamerica pioneered universal life policies, which are jumbo life insurance policies with returns linked to a steady