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Life Insurance
You Can Feel Good About

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This is a solicitation of insurance and an agent may contact you.

What is Life Insurance

Life insurance is something everyone with family or loved ones needs to have. It provides money for the person your loved one has chosen.

Why Do I Need Life Insurance

The average funeral costs thousands of dollars, and most people don't have that kind of money in the bank. Having life insurance in place gives families the opportunity to focus on the healing process, instead of worrying about finances. What would you do if the worst happened? Do you have a safety net in place to provide for your loved ones?

What Does Life Insurance Cover

Life insurance is about more than paying for a funeral. Many families rely on life insurance to pay the mortgage, to help pay for college, to help pay everyday bills, or to take some time off work while recovering from grief. Imagine having to face unpaid medical bills every month after a loved one's death. Imagine your kids no longer being able to live the same life on top of the grief of losing a parent. Life insurance helps cover the financial needs of your family.

Life insurance Costs Less Than You Think

Many people skip life insurance because they believe it costs too much. In fact, people estimate life insurance to cost three times more than it actually does. Here’s the good news: life insurance can be affordable for most. You may even pay as little as one tank of gas costs you.

Costs Less than You Think

Choose a better life insurance company

Not-for-Profit

You have a choice in planning your financial future; place your trust in an organization that dedicates would be profits to your community. Nearly 700,000 members1 trust WoodmenLife to care for their families, and to live out a shared commitment to family, community and country.

Benefits You Can Use Now

As a WoodmenLife member, you’ll receive extras you can't put a price on. Life Insurance with WoodmenLife means getting more, including helping your children pay for college and benefits2 for when you need help most.

A Chance to Give Back

Connect with your community through WoodmenLife. You’ll have opportunities to volunteer as a family, join in on patriotic activities, take on a leadership role in your local chapter, fight hunger, or help raise money for your local schools and first responders. Whether you have a little time to give or a lot, we have ways for you to get involved.

Types of Life Insurance

Compare Life Insurance

Whole Life
Coverage
  • Permanent
Benefits
  • Premiums never go up
  • Builds cash value
  • Death benefit proceeds paid income tax-free to beneficiary
Types
  • Whole Life Paid-up at 100
  • Whole Life Paid-up at 65
  • 10 Pay Whole Life4
  • 20 Pay Whole Life
  • Single Premium Whole Life4
Issue Ages
  • Varies by type of insurance, from ages 0-85

Term Life
Coverage
  • Temporary (with option of converting to permanent up to age 72)
Benefits
  • Less expensive in the short-term
  • Death benefit proceeds paid income tax-free to beneficiary
Types
  • 10 Year Term
  • 15 Year Term
  • 20 Year Term
  • 30 Year Term
  • Family Term
Issue Ages
  • Varies by type of insurance, from ages 0-80

Universal Life
Coverage
  • Permanent
Benefits
  • May build tax-deferred cash value
  • More flexible than traditional whole life
Types
  • Accumulation Universal Life
  • No Lapse Guarantee Universal Life
Issue Ages
  • Varies by type of insurance, from ages 0-85

Whole Life3 Term Life5 Universal Life6
Coverage
  • Permanent
  • Temporary (with option of converting to permanent up to age 72)
  • Permanent
Benefits
  • Premiums never go up
  • Builds cash value
  • Death benefit proceeds paid income tax-free to beneficiary
  • Less expensive in the short-term
  • Death benefit proceeds paid income tax-free to beneficiary
  • May build tax-deferred cash value
  • More flexible than traditional whole life
Types
  • Whole Life Paid-up at 100
  • Whole Life Paid-up at 65
  • 10 Pay Whole Life4
  • 20 Pay Whole Life
  • Single Premium Whole Life4
  • 10 Year Term
  • 15 Year Term
  • 20 Year Term
  • 30 Year Term
  • Family Term
  • Accumulation Universal Life
  • No Lapse Guarantee Universal Life
Issue Ages
  • Varies by type of insurance, from ages 0-85
  • Varies by type of insurance, from ages 0-80
  • Varies by type of insurance, from ages 0-85

What's next?

Your Representative will prepare a customized plan that best meets your specific needs and budget. Get started by connecting with your Representative.

Learn More

Disclosures

*Premiums are applicable during the 30-year Level Premium Period only. Premiums are based on monthly PAC payments. Member dues are included. Qualification for the premium shown is dependent upon underwriting and approval by WoodmenLife. Factors including age, health, sex, and death benefit amount may also affect your rate. Super Preferred rating class is only available on face amounts of $100,000 and up. These rates are not availablein MT ICC16 8648 1-16, 8648 -16 (XX).

  1. An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a WoodmenLife product.
  2. Benefits are available to members. These fraternal benefits are not contractual, are subject to change and have specific eligibility requirements.
  3. Forms ICC17 8678 1-17; 8678 1-17 (XX); 253-XX-0409; 04-XX-0409. These certificates have exceptions, limitations and restrictions. For cost and complete details in coverage, contact your WoodmenLife representative.
  4. There may be tax implications for policies recognized as modified endowment contracts (MEC). Distributions including loans from a MEC are taxable to the extent of the gain in a policy and may also be subject to a 10% additional tax if the owner is under age 59 ½.
  5. Forms ICC16 8648 1-16, 8648 1-16 (XX). Premiums for 10, 15, 20 or 30-year term are guaranteed not to increase during the initial policy term. Once the initial policy term ends, your premiums will increase on an annual basis until age 95. Any increase in premium will not increase the certificate benefits. These certificates have exceptions, limitations and restrictions. For cost and complete details in coverage, contact your WoodmenLife representative.
  6. Forms ICC11 8307 5-11; 8307 5-11 (XX); O-8307 5-11 (XX); ICC10-8205 3-10, 8205 3-10 (XX), O-8205 3-10 (XX); This certificate is not guaranteed to stay in force until maturity based on minimum guarantees. Universal Life value growth reflects several factors including the company’s investment, expense and mortality experience. WoodmenLife will provide notification if the guaranteed monthly deductions and interest are expected to exhaust the plan’s cash values prior to the maturity date. For Oklahoma residents, WoodmenLife will provide notification in your annual report if the monthly deductions and interest are expected to exhaust the plan’s cash values prior to maturity date.

Products are not available in New York and all products may not be available in all states.

By submitting the above request, I consent to receive phone calls from a licensed insurance producer on behalf of Woodmen of the World Life Insurance Society (WoodmenLife) and its affiliates at the phone number(s) above regarding WoodmenLife products and services. I understand that I can contact a Sales Representative directly to make purchase.

Sources

https://www.consumer.ftc.gov/articles/0301-funeral-costs-and-pricing-checklist, April 2018

http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/_Media/PDFs/Facts-of-Life-2016.pdf, April 2018

WEB29 - 4/1/2019