Representative meeting with a couple

LIFE INSURANCE

Protect Your Family’s Future

Leave a legacy for the ones you love most by protecting them with life insurance.

WHAT DOES LIFE INSURANCE COVER

Life insurance is the best way to provide financial security for your loved ones after you’re gone. It can help relieve financial burdens your family may face, such as funeral costs, mortgages, and college expenses. With life insurance from WoodmenLife, you’ll protect your family with a safety net. And you’ll find comfort, knowing the ones you love most are protected.

Help Your Family Keep the Home They Love

Your home is a sacred place. It’s a place where your family feels most secure – a place full of cherished memories. Having life insurance coverage in place can help your family keep their home after you’re gone. It can help pay off the mortgage.

Help Your Family with Funeral Expenses

Life insurance can help cover funeral costs so your family doesn’t have to worry about how to pay for your funeral in their time of grief.

Being insured can:

COSTS LESS THAN YOU THINK

Did you know that people often overestimate the cost of purchasing life insurance coverage by three times?* Here’s the good news: coverage can be affordable for most. Your monthly payment may even be less than what many Americans pay for streaming services.

*According to LIMRA 2021 Life Insurance Barometer Study

GET TO KNOW WOODMENLIFE

Everything WoodmenLife does is based on family, community and country… and we do a whole lot.

COMPARE INSURANCE TYPES



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 (does not apply to No Lapse Guarantee Universal Life Insurance)

More flexible than traditional whole life

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 Life2

20 Pay Whole Life

10 Year Term

15 Year Term

20 Year Term

30 Year Term

Family Term

Indexed Universal Life

No Lapse Guarantee Universal Life

Included Riders

Accelerated Death Benefit Rider5
or Chronic and Terminal Illness Accelerated Benefit Rider6

Accelerated Death Benefit Rider5

Accelerated Death Benefit Rider5

or Chronic and Terminal Illness Accelerated Benefit Rider6

Optional Riders*

Accidental Death Benefit Rider*

Applicant Waiver of Premium Rider*

Disability Waiver of Premium Rider*

Guaranteed Insurability Rider*

Accidental Death Benefit Rider*

Disability Waiver of Premium Rider*

Applicant Waiver of Premium Rider*

Accidental Death Benefit Rider*

Waiver of Monthly Deduction Rider*

Applicant Waiver of 2x Monthly Deduction*

Guaranteed Insurability Rider*

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 (minimum face amount of $75,000 required on issue ages 0-18)

CUSTOMIZE YOUR LIFE INSURANCE

Connect with WoodmenLife

To learn more about purchasing our life insurance or retirement products, fill out the Get a Quote form or search for your local Representative. Your Representative will contact you to prepare a customized plan that best meets your specific needs and budget.

Disclosures

  1. Forms ICC17 8678 1-17, 8678 1-17 (XX); ICC17 8679 1-17, 8679 1-17 (XX).These certificates have exceptions, limitations and restrictions. For cost and complete details in coverage, contact your WoodmenLife representative.

  2. 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.

  3. 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.

  4. 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.
    ICC18 8730 4-18, 8730 4-18 (XX) IUL is not an investment. It is a life insurance policy product that provides growth potential through index interest crediting. You cannot invest directly in an index.

  5. Forms ICC10 264 6-10, 264 6-10 (XX), O-264 6-10 (XX), ICC10 257 6-10, 257 6-10 (XX), O-257 6-10 (XX); All contractual provisions apply and may vary by state. Benefit payments may affect eligibility for public assistance programs. Maximum benefit is the lesser of $250,000 or 65% of death benefit amount available and usually paid in one lump sum. Generally benefits received are income tax-free. Consult your tax professional to assess the impact of this benefit.

  6. Forms ICC18 8731 4-18, 8731 4-18 (XX), ICC17 8690 1-17, 8690 1-17 (XX); All contractual provisions apply and may vary by state. Benefit payments may affect eligibility for public assistance programs. Certain eligibility requirements apply. This rider is not long term care insurance, nor is it intended to replace long term care insurance. Not available in CA.

*Rider Forms: 260-XX-0409, 261-XX-0409, 262-XX-0409, 262-04-1401, 263-XX-0409, 263-04-1401, ICC10 8206 3-10, 8206 3-10 (XX), O-8206 3-10 (XX), O-8206 1-14 CA, ICC10 8207 3-10, 8207 3-10 (XX), O-8207 3-10, O-8207 1-14 CA, ICC10 8208 3-10, 8208 3-10 (XX), O-8208 3-10 (XX), 8308 5-11 (XX), O-8308 1-14 (XX), O-8308 1-14 CA, ICC11 8309 5-11, 8309 5-11 (XX), O-8309 1-14 CA, ICC11 8310 5-11, 8310 5-11 (XX), O-8310 5-11 (XX), ICC16 8649 1-16, & 8649 1-16 (XX). Riders may not be available on all types of products.

† An individual becomes a member by joining our shared commitment to family, community and country, and by purchasing a WoodmenLife product.

‡ 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 WoodmenLife product. These extras are not contractual, are subject to change and have specific eligibility requirements.

Not all products are available in all states. Contact your local Representative today for more information. At that time, you can discuss the costs, benefits and details of coverage, including any reductions, exclusions and limitations that may apply.

Sources

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

https://www.limra.com/siteassets/research/research-abstracts/2021/2021-insurance-barometer-study/2021_barometer-infographic.pdf, 2021

WEB29 - 7/27/2022

Customer Service: 1-800-225-3108
Monday – Thursday 7:00 a.m. to 5:00 p.m.
Friday 7:00 a.m. to 12:00 p.m. (Central Time)

This company was issued a secure rating by the A.M. Best Company
View our Ratings & Awards

Terms and Conditions
Privacy Notices
Privacy Requests
Constitution
NY Residents
Accessibility Statement
Sitemap

A proud member of:

WoodmenLife is a proud member of American Fraternal Alliance



© 2022 Woodmen of the World Life Insurance Society
Omaha, Nebraska

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

Securities are offered through Woodmen Financial Services, Inc. (WFS), 1700 Farnam Street, Omaha, NE 68102, 877-664-3332, 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.

Business Continuity Plan | All products may not be available in all states. | Not all Representatives are licensed to sell all products.

Fraud, Ethics and EEO Reporting Hotline: 1-844-339-3053
WoodmenLife.ethicspoint.com

A+ Financial Rating

This company was issued a A+ (Superior) rating by the A.M. 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 2021 by A.M. Best, an independent rating company that is nationally recognized for its objective reporting and rating of insurers.

International Use

This Site is not intended for access outside of the United States, including those individuals who reside in the European Economic Area (“EEA”). WoodmenLife makes no representation that materials on the Site are appropriate or available for use in locations outside of the United States, and accessing them from territories where their contents are illegal is prohibited. Those who choose to access the Site from outside of the United States do so on their own initiative and are responsible for compliance with local laws.