TLB 326BM 0513 TransExplorer Con_guide_D3

protection accumulation
TransExplorer index ul
consumer guide
LIFE BERMUDA LTD

Contents
Advantages of Index Universal Life...............................................................................................................4
About TransExplorer Index UL.......................................................................................................................5
Index Descriptions.........................................................................................................................................6
The S&P 500® Index1.................................................................................................................................6
EURO STOXX 50® Index2...........................................................................................................................6
Hang Seng Index3.......................................................................................................................................6
Premiums...................................................................................................................................................... 7
Required Premium (RAP)........................................................................................................................... 7
Premium Qualification Credit (PQC).......................................................................................................... 7
*Net Premiums are equal to gross premiums paid less applicable premium expense charges.
No-Lapse Guarantee.....................................................................................................................................8
No-Lapse Premium....................................................................................................................................8
The Basic Interest Account and Index Account.............................................................................................9
How It works..............................................................................................................................................9
Basic Interest Account...............................................................................................................................9
Index Account............................................................................................................................................9
Understanding Segments............................................................................................................................10
The Nuts and Bolts of the Index Crediting Strategy....................................................................................13
Hypothetical Example of an Index Account calculation............................................................................... 14
Transfers......................................................................................................................................................15
Transfers to the Index Account................................................................................................................15
Transfers to the Basic Interest Account...................................................................................................15
Automated Transfers from the BIA to the IA............................................................................................15
Policy Charges.............................................................................................................................................16
Premium Expense Charge.......................................................................................................................16
Monthly Deductions.................................................................................................................................16
Monthly Expense Charges Per Thousand................................................................................................16
Index Account Monthly Charges..............................................................................................................16
Surrender Charge.....................................................................................................................................16
Available Funds............................................................................................................................................18
Borrowing from the policy........................................................................................................................18
Partial Surrenders.....................................................................................................................................18
About Transamerica Life (Bermuda) Ltd.
Transamerica Life (Bermuda) Ltd. is a wholly owned subsidiary of Transamerica
Life Insurance Company—a company that has a heritage of helping families and
businesses secure their financial futures for more than a century.
Both Transamerica Life Bermuda and its parent company, Transamerica Life
Insurance Company (TLIC), are Aegon companies. Aegon N.V. is one of the
leading international life insurance, pension and asset management companies.
Headquartered in The Hague, the Netherlands, Aegon has businesses in over
20 markets in the Americas, Europe and Asia.
Transamerica Life Bermuda offers universal life insurance products designed
to meet long-term planning strategies--proceeds can be used to fund estate
taxes, create liquidity, and preserve wealth. Life insurance can bring needed
diversification to a portfolio. It is a predictable asset since the amount of the
policy death benefit is known, but it also serves as a non-correlated asset. This
means that despite occasional declines in the marketplace (affecting stocks and
bonds), the value held in a fixed life insurance policy may remain unaffected.
If you are looking for a policy that also offers potential cash value accumulation,
Transamerica Life Bermuda can offer the right product to help meet your needs.

About TransExplorer Index UL
Safety and Cash Value Growth
TransExplorer Index UL is a flexible premium index universal life insurance policy that not only offers a
death benefit, but also the potential for greater cash value accumulation than a traditional life insurance
policy, without exposure to market declines.
Index-Based Performance
The distinctive product design offers you the opportunity to allocate premiums to an Index Account
which uses three global financial indices (the S&P 500® Index, the EURO STOXX 50® Index and the
Hang Seng Index excluding dividend income) to determine the Index Interest. The Index Account uses
a one-year point-to-point crediting method.
No-Lapse Guarantee
The product also offers a unique No-Lapse Guarantee for a period of the lesser of 30 years or through
the policy anniversary at the insured’s attained age 75, with a minimum of five years for all ages.
Security in the form of Guaranteed Floor
With TransExplorer Index UL, you have the option of allocating net premiums to a Basic Interest Account,
an Index Account, or a combination of the two. Both account options offer the security of a guaranteed
minimum interest rate of 1.00%, which helps prevent market-based losses and preserve prior years’ gains.
Value. PERFORMANCE. SECURITY.
4 5
from Transamerica Life (Bermuda) Ltd.
Advantages of Index Universal Life
Over the years, index universal life (IUL) products
have gained popularity due to their potential
for greater accumulation value. These products
include guaranteed minimum interest rates and
no exposure to market declines, thus preserving
policy accumulation value.
An IUL policy offers interest crediting based, in
part, on changes in one or more financial indexes.
An index account is credited with interest,
up to a specified Cap, that is potentially greater
than interest credited to traditional universal life
insurance. However, since interest amounts
credited to the index account are based, in part,
on changes in external indexes, there is greater
potential for interest volatility.
Note that even though the interest credited
to an index account may be affected by stock
indexes, an index universal life insurance
policy does not participate directly in any
stock, mutual funds, or investments.
There are additional factors that will affect your life
insurance decisions, but if you are looking for a
product with downside protection in the form
of a guaranteed minimum interest rate and access
to potentially higher policy accumulation values,
an index universal life insurance policy with an
index account based on global indexes may be
an option. This policy is not a short term savings
vehicle, nor is it ideal for short term insurance
needs. It is designed to be long-term in nature.

7
6
Premiums
Required Premium (RAP)
When the policy is purchased, you commit to a
Required Premium (RAP) which is the minimum
amount you need to pay each year for the first
five policy years. The RAP must be received
by Transamerica Life Bermuda by the policy
anniversary each year. If the RAP is not received
by the policy anniversary, the policy will enter its
grace period and will lapse if sufficient premium
is not paid.
Premium Qualification Credit (PQC)
Transamerica Life Bermuda will credit your
policy with a Premium Qualification Credit (PQC)
if the full RAP is paid on or before each policy
anniversary during the five year RAP period.
Under this provision, the Company will add 2%
of the RAP amount directly to the accumulation
value at the beginning of the next policy year.
This bonus is payable in policy years two through
six and is separate from the interest crediting
strategies described below.
Important Note: If the RAP is paid after the policy
anniversary, no bonus will be paid. There is no
“catching-up” for earning the PQC.
1 S&P® is a registered trademark of Standard &
Poor’s Financial Services LLC (“S&P”) and Dow
Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”). The
foregoing trademarks have been licensed for
use by S&P Dow Jones Indices LLC. S&P® and
S&P 500® are trademarks of S&P and have been
licensed for use by S&P Dow Jones Indices LLC
and the Company. The S&P 500® index is a product
of S&P Dow Jones Indices LLC and has been
licensed for use by the Company. This policy is
not sponsored, endorsed, sold or promoted by
S&P Dow Jones Indices LLC, Dow Jones, S&P
or their respective affiliates and neither S&P Dow
Jones Indices LLC, Dow Jones, S&P nor their
respective affiliates make any representation
regarding the advisability of purchasing this policy.
2 The EURO STOXX 50® is the intellectual property
(including registered trademarks) of STOXX
Limited, Zurich, Switzerland, (the “Licensor”),
which is used under license. The TransExplorer
Index UL based on the Index is in no way
sponsored, endorsed, sold or promoted by the
Licensor and the Licensor shall have no liability
with respect hereto.
3 Please read the full disclaimer in the TransExplorer
Index UL policy regarding the Hang Seng Index in
relation to the policy.
Index Descriptions
The S&P 500® Index1
The S&P 500® Index tracks 500 large cap common stocks actively traded in the United States, and is one
of the most well-known market benchmarks.
EURO STOXX 50® Index2
The EURO STOXX 50® Index is comprised of 50 large cap stocks from leading European blue-chip
companies. The stocks used in this index are selected from leading companies from countries in
the European Union.
Hang Seng Index3
Launched in 1969, the Hang Seng Index is one of the most recognized indicators of the performance
of the Hong Kong stock market.

9
8
The Basic Interest Account and Index Account
How It Works
TransExplorer Index UL is designed for a variety of premium schedules. When premium payments are
made, a Premium Expense Charge of 6% is deducted from the premium payment. The net premium is
then applied to the policy’s Basic Interest Account (BIA), the Index Account (IA) or a combination of the
two, based on your allocation instructions.
You may choose to leave the premium in the BIA. If you do so, your policy will perform like a typical
universal life insurance policy, guaranteed to earn at least 1% annually.
For greater growth potential, you may allocate the premiums to the Index Account.
You may also choose to automate transfers from the BIA into the IA on a monthly or quarterly basis.
Basic Interest Account
The portion of the policy’s accumulation value allocated to the BIA earns interest at rates declared by the
Company. The interest rate on the BIA will never be less than the guaranteed minimum interest rate of
1.00%. The Company will credit interest to the funds allocated to the BIA on a monthly basis. The value
of the BIA includes any interest earned since the previous monthly policy date.
The current interest rate applicable to the BIA is declared by the Company from time to time. The interest
rate credited to a particular premium depends on the date the premium is received at the Administrative
Office. Consequently, more than one interest rate is often applicable to different portions of the accumulation
value at the same time. Your annual statement itemizes the applicable interest rates. Interest is credited on
the initial premium as of the date the last offer letter requirement is received at the Administrative Office.
Index Account
For greater growth potential, you may allocate premiums to the IA. Premiums can be paid quarterly,
semi-annually, or annually. In addition, you may request quarterly or monthly automated transfers from the
BIA to the IA. Each premium allocation or transfer from the BIA into the IA creates a separate one-year
IA Segment.
No-Lapse Guarantee
No-Lapse Premium
Your policy comes with a No-Lapse Guarantee
which may prevent your policy from lapsing during
the No-Lapse Period, as long as you pay the
Minimum No-Lapse Premiums stated in the policy.
During the No-Lapse Period, as long as the
cumulative No-Lapse Premiums are paid (net of
loans, refunds, and partial surrenders) regardless
of how the policy performs, your policy’s Death
Benefit is guaranteed. However, by paying only
the minimum premium, you may be forgoing
the opportunity to potentially build up additional
accumulation value. If you take a cash withdrawal or
a loan, you may need to pay additional premiums
in order to keep the No-Lapse Guarantee in effect.
The No-Lapse Period is as follows:
Issue Ages 16 – 70: lesser of 30 years or until age 75
Issue Ages 71 – 85: 5 years
If the requirements of the No-Lapse Guarantee
are not met and the net cash value is not enough
to meet the monthly deductions and Index Account
Monthly Charges, a grace period will begin and
the policy will lapse at the end of the grace period
unless sufficient payment is made.
The No-Lapse Guarantee will terminate if the
cumulative No-Lapse Premium requirement is
not met by the policy anniversary each year.
There is no catch-up available to reinstate the
No-Lapse Guarantee.
Flexible Premium Payment
Owner Controlled
Net Premium Allocation Choices
Basic Interest Account (BIA)
Credits interest at a
rate set by the Company.
Guarantees a
minimum interest rate of 1%
Index Account (IA)
Credited with interest based, in part,
on changes in three stock indexes.
Guarantees a
minimum interest rate of 1%

11
Instead of crediting interest at a rate declared
in advance as in the BIA, at the end of each IA
Segment year, the Company determines the Index
Interest to be credited based, in part, on the
performance of the S&P 500® Index, the EURO
STOXX 50® Index and the Hang Seng Index,
excluding dividend income. The Index Interest
Rate cannot be greater than the Cap* declared
by the Company and will never be less than the
guaranteed minimum interest rate of 1.00%.
Each Index Segment earns a rate of interest
based, in part, on the one-year, point-to-point
performance of the underlying financial indexes.
As of each IA Segment Anniversary, the Index
Interest Rate will be applied to that Segment’s
average month-end value to calculate the Index
Interest to be credited to that IA Segment.
If you have not submitted transfer instructions
with the Company, the values of the ending
Segment, plus any interest credited at the
Segment Anniversary, will renew into a new
Segment in the Index Account.
* The Cap is the maximum Index Interest Rate
that can be used to determine the Index Interest
credited to that Segment. A Cap rate is declared
for each Segment on its Beginning Monthly Date.
The Cap can vary from Segment to Segment and
from Segment year to Segment year.
Understanding Segments
• Segments are components of the Index Account
to which net premiums and/or transfers of
accumulation values are allocated.
• There are up to 12 Segments for each policy
year, and each Segment begins on a Monthly
Policy Date.
• Each Segment lasts for 12 months and ends
on the Segment Anniversary.
• The value of the Index Account is the sum of
its Segment values and any amount pending*
application to that Segment.
* Premiums designated for the IA but received at the
Bermuda Office on dates other than the Monthly
Policy Date are held until they are allocated.
While held, they earn the guaranteed minimum
interest rate of 1.00% until they are allocated to
the next Segment.
10

13
Hypothetical Index Change
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
S&P 500® EURO STOXX 50® Hang Seng Adjusted Global
Cap
Floor
(1%)
12
The Nuts and Bolts of the Index Crediting Strategy
The differences in global indexes may be subtle or dramatic. In a given year, any of these indexes may lead
and in the next may lag behind. The hypothetical example below illustrates this point.
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
-50%
Index Change Percentage
The world economy is a dynamic environment. With the Index Account, interest crediting is based, in part,
on changes in the three global indexes. You benefit from upward movement in these indexes, subject to
the Cap. Meanwhile, the floor assures you of a minimum interest rate of 1% even if the weighted index
change is negative. We created this hypothetical example to help explain how potential Index Interest
is determined. In this example, one Segment is shown rolling from one year to the next. We depict the
historical performance of the S&P 500®, the EURO STOXX 50®, and the Hang Seng Indexes over this 10
year period. Note that past index performance is not indicative of future index performance. We applied
our current Cap of 13.25%, the 1% floor and the Index Change (from the formula described on page 14).
The Cap shown is the current rate as of the publication of this brochure but is subject to change. Although
we applied our current Cap rate of 13.25% throughout the entire time period shown in the chart above,
TransExplorer Index UL did not exist prior to May 2013. Application of the Cap rate prior to May 2013 is
strictly hypothetical. This explanation should not be interpreted as a representation of the index interest
rates that would have been realized on TransExplorer Index UL during any particular period. Since the
product was not available during this period, there is no way of knowing what Cap would have been
declared for the time period shown. A lower Cap would have caused lower Index Interest in some years.
In this example, although a constant Cap rate of 13.25% is assumed, Caps are subject to change and the
Cap for any Segment may increase or decrease from one Segment Year to another. Caps are set by the
Company at its discretion. Additionally, this example is based on changes in the index values between
specific dates. Changes measured on different dates would yield different results.

Index changes may be
positive or negative.
However, you have the
security of knowing you
wioll never be credited
less than the guaranteed
minimum interest rate.
15
14
Transfers
Transfers to the Index Account
You may transfer a portion of the funds from the Basic Interest Account into the Index Account on any
monthiversary date by making a request in writing using the form “Request for Change in Allocation
Percentage or Transfer of Funds Between Account Options.”
Transfers may be requested in either a dollar amount or as a percentage of the current BIA value.
The amounts transferred to the IA will be included in the Segment that will be created on the next
monthly policy date.
Transfers to the Basic Interest Account
A transfer of funds from the Index Account into the Basic Interest Account will only be allowed on the
Segment Anniversary. A transfer request must be made in writing using the “Request for Change in
Allocation Percentage or Transfer of Funds Between Account Options” form, and must be received by
the Bermuda office before the IA Segment Anniversary date.
There is no charge to process transfers between accounts.
Automated Transfers from the BIA to the IA
To help reduce exposure to market volatility, you may allocate your net premiums to the BIA and
request automated transfers of a specified amount from the BIA to the IA on a quarterly or monthly
basis. Automated transfers must be requested in writing using the Automated Transfer form. On the
form, you will specify an amount to be transferred and a frequency (monthly or quarterly) for the
transfers from the BIA to the IA.
The transferred amount will be moved into a new IA Segment on the monthiversary following the transfer.
On the date of an automated transfer, if the accumulation value in the BIA is not sufficient to complete
the transfer, the transfer will not occur, although transfers will continue to be processed on subsequent
monthly or quarterly scheduled dates. The automated transfer feature will continue until you terminate it.
Index Interest
The Index Account uses a weighted average to calculate Index Interest.
To determine the Index Interest Rate, the percentage change in each
Index is multiplied by its corresponding weighting to arrive at the Index
Change percentage. The Index Change percentage is then compared to
the Cap, and the lower of the two (subject to the guaranteed minimum
interest rate of 1.00%) is credited to the average Segment month-end
value at the end of the Segment year.
Index Weighting Explained
To arrive at the weighted index change percentage, we apply the
following factors:
50% to the percentage change in the S&P 500®
or the EURO STOXX 50®, whichever is higher
30% to the percentage change in the S&P 500®
or the EURO STOXX 50®, whichever is lower
20% to the percentage change in the Hang Seng Index
1%
Floor
Hypothetical Example of an Index Account calculation
Index Account Segment Calculation
Index Change X Weight =
Hypothetical Example
Index
Index
Change
Weight
Weighted Index
Change Percentage
Weighted Index
Change Percentage
EURO STOXX 50® 6% 50% (6% x 50%) - 3%
S&P 500® 5% 30% (5% x 30%) - 1.5%
Hang Seng 7% 20% (7% x 20%) - 1.4%
Total 5.9%
13.25%
Cap
The Cap is the
maximum percentage of
index change your index
account can be credited.
How It Works:
At the end of each Index Account Segment year, the Company determines whether any Index Interest
will be credited for the Segment year just ended. The amount of Index Interest credited at the end of
the Segment year depends on the average Segment month-end values, the weighted change in the
values of the indexes, and the applicable Cap. Monthly deductions and Index Account Monthly Charges
along with policy owner transactions such as loans or withdrawals will reduce the average Segment
month-end value on which the Index Interest is calculated. Index Interest is only credited at the end of
a Segment year.

16
17
Policy Charges
Premium Expense Charge
A charge of 6% is deducted from each premium
payment on a current and guaranteed basis.
Monthly Deductions
Each month, the Company subtracts from the
accumulation value a monthly deduction (MD).
MD rates are applied to the net amount at risk,
which is the difference between the death benefit
of the policy and the accumulation value at the
beginning of each month. Monthly deductions
cover cost factors that include, but are not limited
to, the cost of insurance, the costs of riders, and
any charges for substandard class ratings.
Monthly deduction rates vary based on the insured’s
issue age, underwriting status, sex, region, and
the policy’s duration.
The current MD rates are guaranteed for the first
five policy years, and are zero after the policy
anniversary at the insured’s age 111.
After the initial guarantee period, the MD rates will
never be greater than the guaranteed rates printed in
each issued policy. Guaranteed MD rates continue
to the anniversary at the insured’s age 121.
Monthly Expense Charges Per Thousand
Monthly expense charges per thousand will be
deducted monthly. On a current basis, this charge
will be assessed during the first eight policy years.
On a guaranteed basis, this charge will be assessed
until the policy anniversary at the insured’s age
121. The rate for this charge is based on the
insured’s issue age, sex, underwriting class,
region, and the policy’s duration.
Index Account Monthly Charge
The Index Account Monthly Charge is 0.06%
(0.72% per year) of the Index Account Value.
This charge is taken in all years until the policy
anniversary at the insured’s age 111.
Surrender Charge
Company-imposed surrender charges decrease
each year and disappear entirely after the 10th
policy anniversary for all risk classes. Surrenders
and withdrawals will affect the policy value, net
cash value, and the death benefit.

18
Available Funds
Borrowing from the policy
You may borrow any amount up to the policy’s cash value less any outstanding loans (known as “net
cash value”) and less any loan interest due. Policy loans are taken from the Basic Interest Account first
until it is exhausted, then pro rata from the Index Account Segments. Amounts removed from a Segment
due to loans will reduce the Index Interest that may otherwise be earned as of a Segment Anniversary.
Interest earned on values securing policy loans will be credited monthly to the BIA.
The rate of interest charged on the policy loan is 4% in arrears. You will be billed annually for the interest
on any Loan Balance. If you do not pay the loan interest, it will be added to your loan subject to available
values, and interest will be compounded.
You may repay the loan at any time. If there is any outstanding Loan Balance at the time of death of the
insured, the Loan Balance will be deducted from the death benefit paid to the beneficiary.
Loans must be requested in writing, except for loan interest capitalization or if the Automatic Premium
Loan provision is exercised.
Partial Surrenders or Withdrawals
You may also withdraw amounts from the policy’s net cash value subject to face amount minimums. Partial
surrenders or withdrawals are subject to Company-imposed surrender charges and may reduce the death
benefit of the policy. Additionally, during the Required Premium Period, withdrawals may be limited.
Partial surrenders and surrender charges will be withdrawn from the Basic Interest Account first, then
pro rata from the Index Account Segments. Amounts removed from a Segment due to partial surrenders
will reduce the Index Interest that may otherwise be earned as of a Segment Anniversary.
Surrender Charges vary by issue age, gender, region, and underwriting class. The surrender charges
grade down over 10 years and end after the 10th policy year.
Transamerica Life (Bermuda) Ltd.
Bermuda Administrative Office
P.O. Box 2274
Hamilton HM JX
Bermuda
Fax: (441) 278-8559
Email: Application@tlb.bm
TransExplorer Index UL (Policy Form No.IUL07) is a non-participating, flexible
premium index universal life insurance policy issued by Transamerica Life
(Bermuda) Ltd., incorporated in Hamilton, Bermuda. Insurance eligibility and
premiums are subject to underwriting. In the event of suicide during the first
two policy years, death benefits are limited only to the return of premiums paid.

This product guide provides highlights only. Please see the
policy contract for details, including conditions and limitations.
TLB 326BM 0513
LIFE BERMUDA LTD

TLB 326BM 0513 TransExplorer Con_guide_D3

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