An Important Message Regarding Our Financial Strength

December 2022

Dear valued members,

With the recent news around Silicon Valley Bank, there have been some questions posed to us about WoodmenLife’s position. Our organization has been, and continues to be, financially strong. As of Dec. 31, 2022, we have $11.1 billion in assets1, with a surplus of $1.7 billion. This surplus is there to even out the strains of economic volatility and ultimately deliver on our promises to our members.

Our conservative approach and financial strength are why the independent rating agency AM Best has rated us A+ (Superior), the second highest of 15 ratings, for the past 47 years. WoodmenLife takes its stewardship over our assets seriously and maintains a high-quality rated portfolio that has helped us maintain our superior financial strength rating. Our Investment Division actively monitors investment markets and our holdings, along with keeping an eye on risk management.

WoodmenLife does not currently have accounts at SVB. With respect to the banking sector as a whole, WoodmenLife’s limited exposure focuses on high-quality banks consistent with our investment strategy.

In an industry based on long-term success, you want to trust your time and money with a company you know will perform. We have been earning your trust for more than 130 years by taking a long-term approach to maintaining financial stability. Your confidence in us matters, and we are dedicated to earning it every day by keeping your best interest in mind with the decisions we make. We will continue to do as we move forward through this and any future challenges that may come our way.


Portrait of Patrick L. Dees

Patrick L. Dees
President & CEO


1. Liabilities of $9.4 billion; as of December 31, 2022.

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Uniting hardworking Americans to secure their financial future while strengthening our communities and country.

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WoodmenLife Medicare Supplement plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

NOTE: In some states, Medicare Supplement certificates (all plans in CO) are available to those eligible for Medicare due to a disability, regardless of age.

Securities are offered through Woodmen Financial Services, Inc. (WFS), 1700 Farnam Street, Omaha, NE 68102, member FINRA/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society (collectively “WoodmenLife”). Securities other than the WoodmenLife Variable Annuity are issued by companies that are not affiliated with WoodmenLife. This material is intended for general use with the public. WFS is not providing investment advice for any individual or any individual situation, and you should not look to this material for any investment advice. WFS has financial interests that are served by the sale of these products or services.

WoodmenLife Extras are available to members. An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a product. These extras are not contractual, are subject to change and have specific eligibility requirements, such as length of membership, number of qualifying members in household and/or qualifying event.

Check out the background of Woodmen Financial Services, Inc. on FINRA’s BrokerCheck.

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A+ Financial Rating

This company was issued a A+ (Superior) rating by the AM Best Company, click for additional details. WoodmenLife has been awarded a rating of A+ (Superior), the second highest ranking out of 15, for its financial strength and operating performance in 2022 by AM Best, an independent rating company that is nationally recognized for its objective reporting and rating of insurers.

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This company was issued a secure rating by the A.M. Best Company

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Omaha, Nebraska