Enjoy Peace of Mind For Life With Future First Universal Life Insurance

Experience lifelong security and financial flexibility with Future First Universal Life Insurance. Our comprehensive policies offer adjustable premiums, cash value accumulation, and a reliable death benefit, ensuring peace of mind for you and your loved ones. Protect your future today with a policy tailored to your unique needs.

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What is Universal Life Insurance?

Universal life insurance is a type of permanent life insurance that provides lifelong coverage, flexible premiums, and cash accumulation. Policyholders can adjust their premiums and death benefits to better align with their changing financial circumstances. This combination of death benefit protection and cash accumulation growth makes universal life insurance a versatile option for long-term financial planning and security.

 

Protection: Death Benefit Coverage

Future First Universal Life Insurance offers a strong, tax-free death benefit available for immediate family protection needs.

Potential: Cash Value Growth

With the Future First UL policy, policyholder contributions accumulate strong cash value growth on a tax-favored basis without being exposed to market risks.

Is Universal Life Insurance Right For Me?

Trans World Assurance’s universal life insurance may be right for you if you:

 

How Future First Universal Life Insurance Works

TWA’s Future First is one of the most flexible policies of its kind because it treats the elements of the policy separately. Future First allows the Policy Owner to change or skip premium payments or change the death benefit more easily than other insurance policies. It works by treating the three elements of the policy–premium, death benefit, and cash value–separately.

Cash values are accumulated by crediting premium payments and interest to a fund from which deductions are made for expenses and cost of insurance.

TWA Protects Your Money

We continue to invest primarily in United States Government bonds and highly rated corporate bonds, making us one of the safest and most secure insurance companies in the nation. We avoid speculative investments that could put your future at risk.

We are concerned about safeguarding your hard-earned money while equally being concerned about helping you make it grow.

Why Choose TWA’s Future First Universal Life

Future First Universal Life has favorable income tax treatment and combines significant policy values and benefits to produce a life insurance solution that has a considerable amount of financial power.

Why Choose A Policy From TWA?

Trans World Assurance was founded on tradition and built for the future of its customers. Since its inception, TWA has been dedicated to providing only the safest and strongest cash accumulation life insurance products.

With a careful systematic approach to investing in United States Government bonds and highly rated corporate bonds, TWA has grown into one of the strongest and most stable insurance companies in America. TWA has remained virtually unchanged since the doors opened back in 1963. TWA continues to stay true to the vision of its founder, Charles P. Woodbury, a decorated WWII pilot, by continuously providing a secure retirement for all aspects of our military.

TWA is also proud to be an underwriting member of the Servicemembers’ Group Life Insurance (SGLI), as well as one of the insurance carriers that helped to found the SGLI program.

Life Insurance FAQs

How do I make changes to my policy?

The Policy Owner must complete the appropriate form for the requested change. After logging in, forms may be downloaded and printed from the Forms Link. The Policy Owner may also contact a Service Representative at the Home Office; contact information is listed in the Contact Us section.

How do I get a copy of my policy?

You may request a copy of your policy by contacting our office by telephone, in writing, or from our “Contact Us” page. For policies issued beyond our document retention period, a Policy Verification Certificate will be provided.

How do I request a loan against my Policy?

The Policy Owner can request a loan by calling a Service Representative. You should consult your Policy for specific information regarding Policy loans.

How do I change my mode of payment?

You may contact a Service Representative at the Home Office for details.

How can I obtain information on my Policy?

You may contact a Service Representative at the Home Office or register online. By registering online, you will be able to view premium payments, make withdrawals, and much more. Register now at https://online.twalife.com/.

How do I file a Death Claim?

Upon the death of the Insured, you may contact the Home Office Claims Department to report the death. Be prepared to advise us of the Insured’s name, the date and cause of death, and the name, address, and telephone number of the person who should be contacted. A Claimant’s Statement and additional information on how to file a death claim will then be sent to the named Beneficiary(ies). You may click the “Claims” link at the top of this page to download the Claimant’s Form and instructions.

What should I do if I can't pay my premiums?

You should notify the Home Office right away and contact a Customer Service Representative or your agent.

How do I cancel my Policy?

The Owner must submit a written request of cancellation to the Company referencing the Policy number, signature, social security number, and address. Please review the Right to Examine section of your policy.

How do I reinstate my Policy?

In order to consider the reinstatement of a lapsed policy, the owner and/or insured must submit a completed Reinstatement Application along with past-due premiums. Please contact our office to receive the required Reinstatement Application. Please refer to your policy for details and qualifications. The company may require further underwriting and request current medical records be submitted.

Is this just life insurance?

All of TWA’s life insurance policies allow for tax-deferred cash value growth. Both TWA’s Future First Universal Life Insurance Policy and the Flexible Dollar Builder Whole Life Insurance Policy provide life insurance coverage if you die, but they also provide cash value assets you can use while you’re alive.

What does tax-deferred mean?

Tax-deferred means that you are not required to pay taxes on the interest you earn within the policy until you withdraw the interest. This allows for your cash values to grow at a faster rate, which means more money for you!

Does the interest rate on my policy change?

While the guaranteed rate on a policy will never change, the current rate may. Interest rates and the economy have proven to fluctuate with time. This means your crediting interest rate most likely will change from time to time. Please contact the Home Office for the current interest rate for your policy.

How is this policy different than term insurance?

Term insurance is a set amount of coverage for a set amount of time. In most cases term coverage is cost effective and usually will have a level premium. Once the term of your policy is up, you will be required to re-apply for coverage. Given that the older you are, the more coverage costs, don’t be surprised to see your term rates increase substantially. Also, if you have incurred any medical conditions you may not even qualify for coverage. We believe term coverage is an inexpensive tool you can use to fill your insurance needs. The best way to protect against the pitfalls of term insurance is to buy permanent insurance. TWA’s policies provide lifetime level premiums regardless of age and medical changes. TWA’s policies also provide tax-deferred cash value growth.

Why do I need more life insurance?

The answer is you may or may not. There are many things to consider when purchasing life insurance, including family, age, health status, and more. It is important to be properly insured, and the only way to figure that out is to sit down with a life insurance professional to determine your needs. A common tool to determine if you need more life insurance is to do a life insurance needs analysis worksheet.

How many policies can I own?

That depends on you and your family’s unique situation. You may own a policy for yourself, your spouse, and your dependents.

What if I change banks?

If you change banks it’s important to let us know immediately. We will need you to submit a new Bank Draft form so your policy doesn’t lapse.

I no longer work for the company or municipality from which I bought my policy. What should I do?

The good news for you is that your policy is portable. If you are paying for your policy by Bank Draft, you don’t need to make any modifications. If your employer was withdrawing money from your check to pay your policy, you will need to submit a Bank Draft form. If you have any questions, please contact one of our customer service representatives.

What is the difference between my SGLI and this insurance?

SGLI is a wonderful group term life insurance policy. TWA is an underwriting member of SGLI, and we are one of the few companies with which you can convert your SGLI term coverage into permanent coverage. It’s simple: term coverage like SGLI terminates once you are out of the service, whereas permanent coverage is with you for your whole life. Also, permanent coverage, such as the Flexible Dollar Builder and Future First Universal Life, builds cash value assets that can be used while you are alive.

Can I keep my policy when I get out of the military?

Yes! All of our policies are portable. Once you are out of the service, you may have to make different payment arrangements. This is as simple as contacting your local agent or talking to a TWA customer service representative to find out which payment option is best for you.

Does this take the place of my SGLI?

NO! SGLI is an inexpensive group term insurance. We highly recommend your participation in the SGLI program. Our policies are a great supplement to your SGLI as we offer Permanent portable insurance.

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