Business Details
50+ Years
experience
Secure Your Future with Transworld Assurance
Transworld Assurance has served military personnel, veterans, and civilians since 1963, offering tailored life insurance solutions. Founded by decorated WWII Marine pilot Charles P. Woodbury, the company prioritizes stability through investments in U.S. government and highly rated corporate bonds. With a focus on personalized support, we specialize in converting SGLI, FSGLI, and VGLI policies into permanent coverage while maintaining a legacy of integrity and financial security. Our commitment to client needs is reflected in our transparent processes, dedicated customer service, and lifelong policy flexibility. 
Services
SGLI Policy Conversion
FSGLI Policy Conversion
VGLI Policy Conversion
Universal Life Insurance
Whole Life Insurance
Policy Loans
Cash Value Accumulation
Death Benefit Claims
Policy Reinstatement
Online Policy Management
Details
- Year established: 1963
Highlights and features
- We offer over 60 years of experience in military-focused life insurance.
- Our policies provide tax-deferred cash value growth with flexible premiums.
- We specialize in seamless SGLI/FSGLI/VGLI policy conversions.
- Our investments in U.S. government bonds ensure financial stability.
- We provide personalized support through dedicated service representatives.
Services
SGLI Policy Conversion
We specialize in converting Servicemembers Group Life Insurance (SGLI) policies into permanent coverage. This process maintains protection beyond active duty while adding customizable benefits like cash value accumulation. Our agents guide clients through documentation requirements and policy adjustments to ensure lifelong financial security.
Universal Life Insurance
Our Future First Universal Life Insurance policies offer adjustable premiums, tax-deferred cash value growth, and customizable death benefits. Policyholders gain lifelong coverage with market risk protection through conservative investment strategies focused on U.S. government and high-grade corporate bonds.
FSGLI Policy Conversion
We convert Family Servicemembers Group Life Insurance (FSGLI) policies into permanent coverage that adapts to evolving family needs. This service provides extended protection beyond active duty with added benefits like cash accumulation and policy riders for enhanced financial planning.
VGLI Policy Conversion
Our VGLI conversion service transforms term coverage into permanent policies with lifelong benefits. We help veterans secure stable premiums and build cash value through systematic investment strategies focused on government-backed securities and highly rated corporate bonds.
Cash Value Accumulation
We offer tax-deferred cash value growth through permanent life insurance policies. Policyholders benefit from competitive interest rates backed by conservative investment portfolios containing U.S. government bonds and top-tier corporate securities.
People
Charles P. Woodbury
Founder
Decorated WWII Marine pilot Charles P. Woodbury founded Transworld Assurance in 1963 after recognizing military members' need for specialized financial protection. His legacy of integrity and commitment to service continues guiding the company's mission.
Questions
How do I convert my SGLI policy?
Contact our agents with your SGLI Conversion Notice, DD-214, and separation documents to begin the conversion process to permanent coverage.
What life insurance options are available for veterans?
We offer VGLI conversions to permanent policies with lifelong coverage, cash value growth, and customizable benefits.
Can I access cash from my policy?
Policy loans allow tax-free access to accumulated cash values while maintaining death benefit protection.
How are premiums calculated?
Premiums depend on policy type, coverage amount, and insured's age, with level rates guaranteed for permanent policies.
Is my policy portable after military service?
All our policies remain valid post-service with flexible payment arrangements available.
What investment strategy protects my policy?
We invest primarily in U.S. government bonds and highly rated corporate bonds to ensure policy stability.
