SOURCE: Trans World Assurance Co.

Trans World Assurance Co.

December 08, 2009 08:00 ET

Trans World Assurance Company Announces the Release of Its New Accelerated Benefit Rider

SAN MATEO, CA--(Marketwire - December 8, 2009) - The true value of any insurance product is often only realized during times of great hardship. The Accelerated Benefit Rider provides enhanced security and access to funds if the insured becomes seriously ill.

The Benefits are:

--  You will have the ability to give a portion of the life insurance
    proceeds to loved ones while you are still alive.
--  You can have the enjoyment of using some of your life insurance funds
    to take a trip or make special purchases.
--  You will be able to pay medical bills or other expenses so that others
    are not left with this responsibility.
--  There are no costs or additional premiums for this benefit.
    

How it works:

In the event of terminal illness, this rider allows an insured to "accelerate" receipt of a policy's death benefit. The maximum accelerated death benefit which may be elected under this policy is the lesser of:

--  50% of the death benefit at the policy anniversary following
    submission of proof of life expectancy:
    or,
--  $100,000
    

"We are excited to add this valuable benefit to our Future First Universal Life Policy. It is another step in our efforts to provide outstanding products and service to our customers," stated a company spokesman.

Founded in 1962 by Marine Aviator Charles P. Woodbury, Trans World has been dedicated to providing high quality insurance and cash accumulation products to those who have served our country and given so much to us. While maintaining a low overhead and a conservative investment philosophy, we have returned to the customer an outstanding return over the last half-century. TWA is headquartered in San Mateo California, and is licensed in 46 states and worldwide. For more information call (650) 348-2300 or visit www.transworldassurance.com