According to Trans World Assurance, the new policy was designed to help individuals with health issues that would normally be denied life insurance coverage.
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The new life insurance policy offered by Trans World Assurance is similar to other whole life insurance policies except the benefits will be graded and the premium payments will be only made for twenty years. This policy will offer guaranteed death benefits and guaranteed cash value accumulation.
With the new policy, premium payments will be made only for twenty years, but after the twenty years of payments are made, the policyholder will receive permanent life insurance protection.
Trans World Assurance said that its new insurance policy will offer the following benefits: provides coverage to individuals with health issues; offers guaranteed death benefits; offers guaranteed cash value accumulation; and offers permanent life insurance protection after the twenty years of premium are paid.
Also the other policies offered by Trans World Assurance will include: Future First Universal Life Policy; Flexible Dollar Builder Life Insurance/ Accumulation Fund Policy; and Traditional Whole Life Insurance Policy.
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