SOURCE: Trans World Assurance Company

Trans World Assurance Company

December 01, 2009 14:43 ET

Trans World Assurance Company Announces the Release of Its New Charitable Benefit Rider (CBR)

SAN MATEO, CA--(Marketwire - December 1, 2009) - Trans World Assurance Company proudly announces the release of its new Charitable Benefit Rider. This rider is available with the company's Future First Universal Life Insurance policy. The rider will provide an additional 1% death benefit above the base policy face amount. The Charitable Benefit Rider adds no additional cost to the policy. It does not increase the premium, reduce the cash values or cause a reduction in death benefit.

"Buying life insurance is a way of doing something for others. You will be leaving a legacy for your family as well as those causes that are important to you. The policyholder will have the right to select the charity to target those they feel most strongly about," said a company spokesman. There are many charities that might strike close to home. Military members will be aware of comrades that have experienced some type of disability. By targeting charities that support the benefits for these servicemen, our policyholders will be giving a very special gift indeed."

The selected charity must be qualified under current tax law. Trans World's agents will stand ready to help and assist the insured to select the charity that might be most meaningful to them.

Trans World is proud of its history and its outstanding track record.

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.