TWA
Trans World Assurance Company
885 South El Camino Real
San Mateo, CA 94402
C/O Vicki Webb
Policyholder Services
Tel: (850)456-7401

Information that may be of use to those that contributed to the Flexible Dollar Builder.

In 1995 after being out of the Corp. for two months I called to make up the payments I had missed and was told not to worry about them and I was not told to continue with further payments, being a bit naive I was under the impression that I had paid enough in and now it would grow on its own. I left it in for the past ten years because they had a 5% penalty if it were touched before that. After considerable effort to find a number for Trans World (because they changed the one I was given, Hmm and made no effort to inform this policy holder) I finally found a web site with their phone number.

To cut to the chase I had been putting $75.00 every two weeks in to the plan. It came out to be a bit over $5000.00 when I got out. I am now able to cash out at a whopping $466.00. They put my policy in to EXTENDED TERM STATUS, this means they took the money I invested and applied it to the insurance plan in which they paid through 2009. They never made any effort to contact me, to inform me they would be pissing my money away... I would have taken the 5% hit to say the least.

If you were in this plan and as stupid as I was here is what you need to do. First call and see if you have funds left. They will need your name and policy number. I had my policy so I am not sure if they can find that info for you with just a name. I should say I am not sure they want to. They will not tell you they will send you a letter to inform you of what is LEFT. If at that time you would like to cash out you must submit a letter of cancellation to the above address with the following, your policy number, SSN, address, and your signature.

I hope this will help someone. Please let anyone that did not pay for the full ten years into this and has not been out for more than 15 years know this info. They may still have somthing left.

In my letter of cancellation I told them I would be letting as many of you know this info as possible....
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